News Release - Magna Receives Supplier Innovation Award from BMW Group

AURORA, Ontario, May 14, 2013 – Magna International Inc. announced its Cosma International operating unit was one of eight suppliers which received a BMW Supplier Innovation Award for outstanding achievements in innovation and development. The second annual awards were given during ceremonies in Munich.

Cosma was recognized in the area of Lightweight Construction for a lightweight, high-voltage battery housing made of die-cast aluminum. The battery housing is manufactured by Magna BDW technologies GmbH, a division of Cosma located in Germany. Cosma was able to combine multiple, complex functions within a single component, eliminating steps in the manufacturing process and reducing weight substantially.

“Through innovation and world-class manufacturing we continue to distinguish ourselves in the auto supply industry,” said Manfred Moser, Vice President of Cosma’s Casting Group. “This recognition from our valued customer confirms we are on the right path, as we continue to innovate to support our customers’ evolving needs.”

The BMW Group recognizes its most innovative suppliers as key partners which play a crucial role in the successful implementation of new developments, and the Supplier Innovation Award is designed to pay tribute to their achievements.

Klaus Draeger, member of the Board of Management of BMW AG, responsible for Purchasing and Supplier Network, explained: “We intend to continue expanding and strengthening our innovation leadership. Close cooperation with suppliers is extremely important to us. This award is designed not only to recognize outstanding achievements, but also as an incentive for our suppliers to strive for a key competitive edge through their innovations for the BMW Group in the future.”

About Cosma International
Cosma International, an operating unit of Magna International Inc., manufactures a comprehensive range of metal body systems, components, assemblies and modules including complete vehicle frames, chassis systems and body-in-white systems using a variety of innovative processes such as hydroforming, stamping, roll forming and die casting. Visit our website at www.cosma.com.

About Magna International
We are a leading global automotive supplier with 315 manufacturing operations and 87 product development, engineering and sales centres in 29 countries. Our 121,000 employees are focused on delivering superior value to our customers through innovative processes and World Class Manufacturing. Our product capabilities include producing body, chassis, interior, exterior, seating, powertrain, electronic, vision, closure 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.

# # #

THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE “FORWARD-LOOKING STATEMENTS” UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA’S REGULATORY FILINGS.  PLEASE REFER TO MAGNA’S MOST CURRENT MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA’S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA’S WEBSITE AT WWW.MAGNA.COM.