Magna Intends to Provide Additional Disclosure Regarding Proposed Transaction

AURORA, Canada, June 25, 2010 - Magna International Inc. (TSX: MG.A, NYSE:MGA) today announced that the
Ontario Securities Commission (OSC) has issued an order requiring Magna to
make additional disclosures in order to proceed with its proposed
transaction to eliminate the company's dual class share structure.

"We intend to work cooperatively with the OSC staff to address the
Commission's concerns and comply with the OSC's additional disclosure
requirements," said Vincent J. Galifi, Executive Vice President and Chief
Financial Officer of Magna. "We welcome the Commission's position that
shareholders should decide the outcome of the transaction. We will work to
bring the proposed transaction back to our shareholders for consideration in
an expeditious manner."

Magna has postponed the special meeting of shareholders scheduled for
Monday June 28, 2010. The Board will set a new date for the special meeting in
due course.

A copy of the OSC's Decision and Order is available at:
www.osc.gov.on.ca.

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

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 our intention to
comply with the OSC's order. The forward-looking information in this Press
Release is presented for the purpose of providing information about Magna's
current expectations relating to the proposed 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 proposed arrangement, including, compliance with the OSC
order, 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