News Release - Magna Exteriors and Interiors Celebrates Grand Opening in Romania

Automotive supplier builds exterior systems for the new Ford B-MAX

CRAIOVA, Romania, October 25, 2012 – Magna Exteriors and Interiors (MEI), an operating unit of Magna International Inc., celebrates the grand opening of its new operation in Craiova,Romania. MEI is located within the Ford plant in Craiova, where 100 employees produce frontand rear bumpers as well as various other exterior trim components for the global automaker.  MEI executives were joined today in the grand opening ceremony by Ion Prioteasa, President of the Dolj District, Olguta Lia Vasilescu, Mayor of Craiova and Philippe Beaulne, the Canadian Ambassador to Romania.

“The Magna investment comes at a very important moment for Craiova, because it creates new jobs at a time when they are needed,” said Ion Prioteasa, President of the Dolj District. “It reconfirms the human potential of the Dolj region and I am honored to attend the inauguration of the Magna plant, which opens a new chapter in the history of our city."

“I welcome the opening of a global company such as Magna here in Craiova,” said Olguta Lia Vasilescu, Mayor of Craiova. “The Craiova Municipality is willing to lend its support to investors who bring jobs into the region. I wish the employees and the company a great start.”

"Not only does this new facility demonstrate continued growth for MEI in Europe, but it also marks the first manufacturing facility in Romania for Magna," said Albert Lidauer, President Europe for Magna Exteriors and Interiors. "This is proof that as our customers expand their manufacturing footprints around the world, we will be there to support them with world-class operations delivering our high-quality products."

MEI Craiova, which covers a production area of 13,000 square meters, provides injection molding, painting and assembly services to Ford.

The Ford B-MAX compact multi-activity vehicle combines modern expressive design with an innovative construction to create a completely unique small family vehicle offering unprecedented ease of access to front and rear for the customer.

"We are very pleased to launch this new facility to support Ford Motor Company," said George Condrea, General Manager of MEI Craiova. "This facility was established with several new operational efficiencies in mind, including a fully automated painting line that helps increase productivity and delivers the level of manufacturing excellence our customers expect."

About Magna Exteriors and Interiors
Magna Exteriors and Interiors Corp. (www.magna.com), an operating unit of Magna International Inc., is a full-service global supplier of automotive exterior and interior systems. We design, engineer and manufacture front- and rear-end fascia systems; sealing systems; exterior trim; class A composite panels; top systems; engineered glass; under hood and underbody components; structural components; sidewall and trim systems; cockpit systems; cargo management systems; and overhead systems for automotive, commercial truck, consumer, and industrial markets. We also manufacture sheet molding compound (SMC) material, EpicBlendSMC™, in multiple formulations.

About Magna International
We are a leading global automotive supplier with 296 manufacturing operations and 88 product development, engineering and sales centres in 26 countries. Our 115,000 employees are focused on delivering superior value to our customers through innovative processes and World Class Manufacturing. Our product capabilities include body, chassis, interiors, exteriors, seating, powertrain, electronics, mirrors, closures and roof systems and modules, as well as complete vehicle engineering and contract manufacturing. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit our website at www.magna.com.

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