Celestica Announces Final Results of its $350M Substantial Issuer Bid

Celestica Inc. (NYSE, TSX: CLS), a global leader in the delivery of end-to-end product lifecycle solutions, today announced the final results of its "modified Dutch auction" substantial issuer bid (the "Offer") to purchase for cancellation up to US$350 million of its subordinate voting shares ("Shares"), which expired at 5:00 p.m. (Eastern time) on June 1, 2015. Based on the final count by Computershare Investor Services Inc., the depositary for the Offer (the "Depositary"), Celestica has taken up and paid for 26,315,789 Shares at a price of US$13.30 per Share (the "Purchase Price"), for an aggregate cost of approximately US$350 million excluding fees and expenses relating to the Offer. The Shares purchased under the Offer represent approximately 17.5% of the Shares issued and outstanding as of June 4, 2015. After giving effect to the Offer, as of that date, Celestica had 123,953,349 Shares and 18,946,368 multiple voting shares issued and outstanding.Based on the final count by the Depositary, a total of 28,404,044 Shares were properly tendered and not properly withdrawn at or below the Purchase Price. However, as the Offer was oversubscribed, successfully tendering shareholders had approximately 92.6% of their successfully tendered Shares purchased by Celestica, other than "odd lot" tenders, which were not subject to pro-ration.Payment for the purchased Shares will be effected by the Depositary in accordance with the Offer and applicable law. Any Shares tendered and not purchased will be returned to shareholders promptly by the Depositary.Scotia Capital Inc. and Scotia Capital (USA) Inc. acted as dealer managers in connection with the Offer in Canada and the United States, respectively.