GlobeNewswire Inc | May 6, 2021 02:54PM EDT

May 06, 2021

AURORA, Ontario, May 06, 2021 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2021 annual meeting of shareholders held on May 6, 2021. A total of 242,383,350 Common Shares or 80.43% of our issued and outstanding Common Shares were represented in person or by proxy at the meeting. Shareholders voted in favour of each item of business, as follows:

a.Election of Directors

Nominee Votes FOR Nominee Votes FOR

Peter G. Bowie 99.81 % Mary Lou Maher 99.77 %Mary S. Chan 99.15 % Cynthia A. Niekamp 99.93 %Hon. V. Peter Harder 99.10 % William A. Ruh 99.94 %Seetarama S. Kotagiri (CEO) 99.77 % Dr. Indira V. Samarasekera 98.13 %Dr. Kurt J. Lauk 99.56 % Lisa S. Westlake 99.12 %Robert F. MacLellan 99.53 % William L. Young 97.25 %

b.Other Items of Business

Item Votes FOR

Reappointment of Deloitte 99.68 %Say on Pay 93.33 %

Based on the voting results, each of the 12 nominees was elected with a substantial majority. Similarly, Deloitte was reappointed as Magnas independent auditors and the Say on Pay resolution was approved, in each case by a substantial majority. Detailed voting results are included as Appendix A to this press release.

INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relations louis.tonelli@magna.com 905.726.7035

MEDIA CONTACT Tracy Fuerst, Vice-President, Corporate Communications & PR tracy.fuerst@magna.com 248.631.5396

OUR BUSINESS (1)Magna is more than one of the worlds largest suppliers in the automotive space. We are a mobility technology company with a global, entrepreneurial-minded team of 158,000 employees and an organizational structure designed to innovate like a startup. With 60+ years of expertise, and a systems approach to design, engineering and manufacturing that touches nearly every aspect of the vehicle, we are positioned to support advancing mobility in a transforming industry. Our global network includes 347 manufacturing operations and 84 product development, engineering and sales centres spanning 28 countries.

For further information about Magna (NYSE:MGA; TSX:MG), please visitwww.magna.com or follow us on Twitter @MagnaInt.

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(1) Manufacturing operations, product development, engineering and sales centres and employee figures include certain equity-accounted operations.

Appendix A

VOTING RESULTS - 2021 ANNUAL MEETING OF SHAREHOLDERS

Votes For Votes Withheld/Resolution Against

# % # %Elect Peter G. Bowie as Director 234,432,169 99.81 446,813 0.19Elect Mary S. Chan as Director 232,881,599 99.15 1,997,383 0.85Elect Hon. V. Peter Harder as Director 232,770,089 99.10 2,108,893 0.90Elect Seetarama S. Kotagiri (CEO) as 234,347,744 99.77 531,238 0.23DirectorElect Dr. Kurt J. Lauk as Director 233,856,510 99.56 1,022,472 0.44Elect Robert F. MacLellan as Director 233,763,588 99.53 1,115,394 0.47Elect Mary Lou Maher as Director 234,334,991 99.77 543,991 0.23Elect Cynthia A. Niekamp as Director 234,708,195 99.93 170,787 0.07Elect William A. Ruh as Director 234,738,844 99.94 140,138 0.06Elect Dr. Indira V. Samarasekera as 230,484,464 98.13 4,394,518 1.87DirectorElect Lisa S. Westlake as Director 232,821,581 99.12 2,057,401 0.88Elect William L. Young as Director 228,420,696 97.25 6,458,286 2.75Re-Appointment of Deloitte LLP as 241,597,269 99.68 786,081 0.32AuditorsAdvisory Resolution on Executive 219,222,305 93.33 15,656,677 6.67Compensation