Glass Lewis Issues Recommendation on Magna Transaction

AURORA, Canada, June 15, 2010 - Magna International Inc. (TSX: MG.A, NYSE: MGA) today reported that Glass
Lewis & Co, a proxy advisor that is a wholly-owned subsidiary of Ontario
Teachers' Pension Plan, has recommended to its institutional clients that
they vote against a proposed transaction that would eliminate Magna's dual
class share structure.

In its report, Glass Lewis writes,

"Overall, we agree that the elimination of the Company's dual class share
structure would provide a variety of benefits for minority shareholders and
better align the Company's equity ownership and voting power. We also
recognize that the class B shares carry higher proportional voting rights and
a number of other special features which suggest their value should exceed
that of class A subordinate voting shares."

This report follows the report released yesterday by the independent
proxy advisor RiskMetrics, which recommends that Magna shareholders vote in
favour of the proposal on the basis that the potential benefits outweigh the
costs.

Stated Vincent J. Galifi, Executive Vice President and Chief Financial
Officer of Magna: "Unlike the RiskMetrics report which recommends in favour
of the proposal, Glass Lewis made no final comparison of the potential costs
versus benefits, including the anticipated trading multiple expansion, nor
did the report caution investors over the potentially significant loss in
trading value if the transaction does not proceed. Since the announcement of
the proposal on May 6, 2010, despite the significant decline in the broader
equity markets, Magna's shares have traded up 10.7% on the New York Stock
Exchange (on which the greatest volume of trading has occurred) compared to a
loss of 6.6% for the S&P 500 Index over the same period. On the Toronto Stock
Exchange, the shares are up 11.8% compared to a loss of 1.8% for the S&P/TSX
Index."

Mr. Galifi added, "We respect the right of shareholders and their
advisors to debate the merits of the proposed transaction and we encourage
all shareholders to read the proxy circular in its entirety and vote their
shares at the special meeting. We continue to receive strong expressions of
support for the transaction from significant class A shareholders who have
the most at stake."

The Magna shareholder vote is scheduled to take place at a special
meeting on June 28, 2010. Magna's Management Information Circular/Proxy
Statement dated May 31, 2010 has been mailed to shareholders and is available
on Magna's website at www.magna.com/magna/en/investors/ and at
www.sedar.com.

About Magna

We are the most diversified global automotive supplier. We design,
develop and manufacture technologically advanced systems, assemblies, modules
and components, and engineer and assemble complete vehicles, primarily for
sale to original equipment manufacturers ("OEMs") of cars and light trucks.
Our capabilities include the design, engineering, testing and manufacture of
automotive interior systems; seating systems; closure systems; body and
chassis systems; vision systems; electronic systems; exterior systems;
powertrain systems; roof systems; hybrid and electric vehicles/systems as
well as complete vehicle engineering and assembly.

We have approximately 74,000 employees in 240 manufacturing operations
and 76 product development, engineering and sales centres in 25 countries.

FORWARD-LOOKING STATEMENTS

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This Press Release contains statements that constitute "forward-looking
statements" within the meaning of applicable securities legislation,
including, but not limited to, statements relating to the results and the
potential benefits expected to be achieved from the completion of the
transactions contemplated by the proposed Arrangement, including the
increased marketability and improved liquidity of the Class A Subordinate
Voting Shares of Magna and the potential for a reduction or the elimination
of any dual class share structure discount associated with the market price
of the Class A Subordinate Voting Shares of Magna. The forward-looking
information in this Press Release is presented for the purpose of providing
information about Magna's current expectations relating to the transactions
contemplated by the Arrangement and such information may not be appropriate
for other purposes. Forward-looking statements may also include statements
regarding our future plans, objectives or economic performance, or the
assumptions underlying any of the foregoing, and other statements that are
not recitations of historical fact. We use words such as "may", "would",
"could", "should", "will", "likely", "expect", "anticipate", "believe",
"intend", "plan", "forecast", "outlook", "project", "estimate" and similar
expressions suggesting future outcomes or events to identify forward-looking
statements. Any such forward-looking statements are based on information
currently available to us, and are based on assumptions and analyses made by
us in light of our experience and our perception of historical trends,
current conditions and expected future developments, as well as other factors
we believe are appropriate in the circumstances. However, whether actual
results and developments will conform with our expectations and predictions
is subject to a number of risks, assumptions and uncertainties, many of which
are beyond our control, and the effects of which can be difficult to predict,
including, without limitation, risks, assumptions and uncertainties related
to the consummation of the Arrangement, including, shareholder approval,
Court approval, the satisfaction or waiver of the conditions to complete the
transactions contemplated by the Arrangement, and the termination of the
transaction agreements; future growth prospects for electric vehicles; the
market value and trading price of the Class A Subordinate Voting Shares; and
other factors set out in our management information circular/proxy statement
dated May 31, 2010, our Annual Information Form filed with securities
commissions in Canada and our Annual Report on Form 40-F filed with the
United States Securities and Exchange Commission, and subsequent filings. In
evaluating any forward-looking statements in this Press Release, we caution
readers not to place undue reliance on any forward-looking statements.
Readers should specifically consider the various factors which could cause
actual events or results to differ materially from those indicated by our
forward-looking statements. Unless otherwise required by applicable
securities laws, we do not intend, nor do we undertake any obligation, to
update or revise any forward-looking statements contained in this Press
Release to reflect subsequent information, events, results or circumstances
or otherwise.

For further information: Vincent J. Galifi, Executive Vice-President and
Chief Financial Officer at +1-905-726-7100

For further information: Vincent J. Galifi, Executive Vice-President and Chief Financial Officer at +1-905-726-7100