/C O R R E C T I O N — Magna International Inc./

AURORA, Ontario, April 26, 2011 - In the news release, "Magna International Inc. - Annual Meeting of
Shareholders and Notice of Conference Call for First Quarter 2011 Results"
issued on 26 Apr 2011 20:31 GMT, by Magna International Inc. NYSE:MGA over
PR Newswire, we are advised by a representative of the company that
an error occurred in the second paragraph. The phone numbers provided for the
conference call should have been 1-800-705-8289 for North America and
1-416-359-3127 for Overseas. Complete, corrected release follows:

Magna International Inc. (TSX: MG; NYSE: MGA) is holding its Annual
Meeting of Shareholders on Wednesday, May 4, 2011 at the Hilton Suites
Toronto/Markham Conference Centre, 8500 Warden Avenue, Markham, Ontario,
Canada commencing at 10:00 a.m. EDT (Toronto time). The meeting will be
webcast live and can be accessed at www.magna.com. Magna will also announce
its financial results for the first quarter ended March 31, 2011 on the
morning of the meeting.

Magna will hold its quarterly conference call on Wednesday, May 4, 2011
at 2:00 p.m. EDT. The number to use for this call is 1-800-705-8289.
Overseas callers should use 1-416-359-3127. Please call in at least 10
minutes prior to start time. The conference call will be webcast at
www.magna.com, and will be chaired by Don Walker, Chief Executive
Officer.

For anyone unable to listen to the scheduled call, the rebroadcast
numbers will be: North America - +1-800-558-5253 and Overseas -
+1-416-626-4100 (reservation number is 21522043) and will be available until
Wednesday, May 11, 2011.

For further information:

If you have any questions, please call Louis Tonelli at +1-905-726-7035.

For teleconferencing questions, please call Karin Kaminski at
+1-905-726-7103.

.