Magna Posts 2008 Annual Report

AURORA, Canada - Magna International Inc. (TSX: MG.A; NYSE: MGA) today announced that its
2008 Annual Report, including Management’s Discussion and Analysis and
Audited Consolidated Financial Statements, Annual Information Form (AIF) and
Form 40-F, are now available on the company’s website, www.magna.com.
Magna has also filed these documents with the Canadian Securities
Administrators (accessible through their website at www.sedar.com) and
the U.S. Securities and Exchange Commission (accessible through its website
at www.sec.gov/edgar).

Magna will provide a hard copy of our audited financial statements as
contained in our 2008 Annual Report to Shareholders, free of charge, on
request through our web site or in writing to Magna International Inc., Attn:
Secretary, 337 Magna Drive, Aurora, ON, Canada L4G 7K1.

We are the most diversified global automotive supplier. We design,
develop and manufacture technologically advanced automotive 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; as well as
complete vehicle engineering and assembly.

We have approximately 74,350 employees in 240 manufacturing operations
and 86 product development, engineering and sales centres in 25 countries.

For further information: Magna International Inc., 337 Magna Drive,
Aurora, Ontario, L4G 7K1, Tel +1-905-726-2462, Fax +1-905-726-7164. For
further information: Please contact Louis Tonelli, Vice-President, Investor
Relations at telephone +1-905-726-7035

Source: Magna International Inc.

For further information: Magna International Inc., 337 Magna Drive, Aurora, Ontario, L4G 7K1, Tel +1-905-726-2462, Fax +1-905-726-7164. For further information: Please contact Louis Tonelli, Vice-President, Investor Relations at telephone +1-905-726-7035