Magna Announces Cooperation Regarding Regulatory Investigation

Magna International Inc. (NYSE: MGA) today announced that it is cooperating with the United States Department of Justice with respect to an ongoing antitrust investigation of the automobile tooling industry. In connection with such investigation, the DOJ has requested documents related to various tooling bids, including a tooling program for which a subsidiary within our Cosma International operating unit acted as Tier 1 tooling supplier.

Magna's policy is to comply with all applicable laws, including antitrust and competition laws, and we are fully cooperating with the DOJ.