Magna International Inc. - Annual and Special Meeting of Shareholders and Notice of Conference Call for First Quarter 2010 Results

TORONTO, May 3, 2010 - Magna International Inc. (TSX: MG.A; NYSE: MGA) is holding its Annual and
Special Meeting of Shareholders on Thursday, May 6, 2010 at the Hilton Suites
Toronto/Markham Conference Centre, 8500 Warden Avenue, Markham, Ontario,
Canada commencing at 10:00 a.m. EDT. 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, 2010, on the morning of the
meeting.

Magna will hold its quarterly conference call on Thursday, May 6, 2010 at
7:30 a.m. EDT. The number to use for this call is 1-800-909-7814. Overseas
callers should use 1-212-231-2902. 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 Vincent J. Galifi, Executive Vice-President and Chief
Financial Officer.

For anyone unable to listen to the scheduled call, the rebroadcast
numbers are: North America - 1-800-558-5253 and Overseas - 1-416-626-4100
(reservation number is 21468505) and will be available until Thursday, May
13, 2010.

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

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