RiskMetrics Recommends Magna Shareholders Vote for Proposed Transaction

By Magna International Inc., PRNE
Sunday, June 13, 2010

AURORA, June 14, 2010 - Magna International Inc. (TSX: MG.A, NYSE:MGA) today announced that
RiskMetrics Group, an independent proxy advisor, has recommended to its
institutional clients that they vote in favour of a proposed transaction
that would eliminate Magna's dual class share structure. The Magna
shareholder vote is scheduled to take place at a special meeting on
June 28, 2010.

In its report, RiskMetrics wrote:

"In our view, the potential benefits of the one-share-one-vote structure
would include, among others, the following:

     -   the elimination of all or part of the seemingly long existing
         trading discount of the Class A shares and the unlocking of
         shareholder value as the market has already implied;

     -   enhanced accountability of directors as they will be elected or
         removed by public shareholders instead of the current controlling
         shareholder;

     -   greater access to capital as investors previously unwilling or
         unable to invest in Magna will become interested, resulting in lower
         cost of capital; and

     -   removal of the controlling impediment to potential takeover interest.

While we acknowledge legitimate corporate governance concerns regarding
the Magna transaction, we believe the potential downside risk of missing this
unexpected opportunity to get rid of the multiple voting shares even at such
a high price, and the potential benefits aforementioned would outweigh the
corporate governance concerns and thus be acceptable to shareholders
concerned with future long-term growth and value…"

"Whether the expansion of trading multiple may be sustainable over the
long run remains to be seen, however we believe that voting down the Magna
proposal would probably eliminate any multiple expansion to date and reduce
shareholder value significantly."

Vincent J. Galifi, Executive Vice President and Chief Financial Officer
of Magna, said: "We welcome RiskMetrics' recommendation and encourage all of
our shareholders to read the proxy circular in its entirety and vote their
shares at the special meeting."

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

————————–

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 a one-share-one-vote
structure. The forward-looking information in this Press Release is presented
for the purpose of providing information about current expectations with
respect 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, 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

YOUR VIEW POINT
NAME : (REQUIRED)
MAIL : (REQUIRED)
will not be displayed
WEBSITE : (OPTIONAL)
YOUR
COMMENT :