Magna Announces Shareholder Meeting

Magna International Inc. is holding its Annual Meeting of Shareholders on Tuesday, May 3, 2005 at Roy Thomson Hall, 60 Simcoe Street, Toronto, Ontario commencing at 10:00 a.m. EDT (Toronto time). The meeting will be webcast live and can be accessed at www.magna.com. The company will also announce its financial results for the first quarter ended March 31, 2005 on the morning of the Annual Meeting.