Magna Plan of Arrangement Completed

AURORA, Canada, August 31, 2010 - Magna International Inc. (TSX: MG.A, NYSE: MGA)
today announced that the plan of arrangement to eliminate Magna's dual-class
share structure has been completed. Magna's common shares will commence
trading under the symbol 'MG' on the Toronto Stock Exchange at the start of
trading on September 1, 2010.

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 76,000 employees in 242 manufacturing operations
and 76 product development, engineering and sales centres in 25 countries.

Contact

For further information, please contact Vince Galifi, Executive
Vice-President and Chief Financial Officer at 905-726-7100 or Louis Tonelli,
Vice-President, Investor Relations at 905-726-7035.

For further information, please contact Vince Galifi, Executive
Vice-President and Chief Financial Officer at +1-905-726-7100 or Louis Tonelli,
Vice-President, Investor Relations at +1-905-726-7035.