Correction Notice to Second Quarter and Year to Date Results Press Release regarding "Complete Vehicle Assembly" Sales

AURORA, Ontario, August 10, 2012 /PRNewswire/ --

- All figures are in US dollars

Magna International Inc. (TSX: MG; NYSE: MGA) Please note the correction below to our press release titled "Magna Announces Second Quarter and Year to Date Results" which was distributed on Thursday, August 9, 2012.  We apologize for any inconvenience.

The corrected amount (originally disclosed as $615) is underlined in the table below.

             Management's Discussion and Analysis of Results of Operations and
                                     Financial Position
              RESULTS OF OPERATIONS - FOR THE THREE MONTHS ENDED JUNE 30, 2012
                                           Sales
                                                          For the three
                                                              months
                                                          ended June 30,
                                                           2012        2011       Change
 
    Vehicle Production Volumes (millions of units)
                     North America                        3.985       3.103     +    28%
                     Western Europe                       3.307       3.548     -     7%
 
    Sales
                     External Production
                                      North America     $ 3,907     $ 3,533     +    11%
                                      Europe              2,249       2,258            -
                                      Rest of World         415         335     +    24%
                     Complete Vehicle Assembly              645         728     -    11%
                                                            ---
                     Tooling, Engineering and Other         511         484     +     6%
    Total Sales                                         $ 7,727     $ 7,338     +     5%

ABOUT MAGNA

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 http://www.magna.com.

For further information:

please contact Louis Tonelli, Vice-President, Investor Relations at +1-905-726-7035.