Automotive pump manufacturer improves technology position, global
footprint

AURORA, ON, Nov. 30, 2012 /PRNewswire/ – Magna International Inc. announced
today that its Magna Powertrain operating unit has completed the
transaction to acquire ixetic Verwaltungs GmbH (“ixetic”), a
manufacturer of automotive vacuum, engine and transmission pumps.

With the acquisition, Magna Powertrain continues to execute its strategy
to solidify and improve its market position in the field of vacuum and
transmission oil pumps, and enhances its footprint both in Europe and
globally. The purchase price payable for 100% of the outstanding shares
of ixetic, on a cash- and debt-free basis, was approximately €308
million.

“The ixetic acquisition is a significant milestone for Magna Powertrain
and strengthens our position as a leading manufacturer of vacuum and
oil pumps,” said Jake Hirsch, President, Magna Powertrain. “These
additional technologies complement our current capabilities in the area
of on-demand pumps.”

Headquartered in Bad Homburg, Germany, ixetic recorded 2011 total sales
of approximately €300 million. The company holds a strong position with
its customer base, particularly European automakers, and has
manufacturing and assembly facilities in Germany, Bulgaria and China,
as well as representation in Brazil, India, Japan and the United
States.

About Magna Powertrain
Magna Powertrain (www.magnapowertrain.com), an operating group of Magna International, is a global supplier for
the automotive industry with full capabilities in powertrain design,
development, testing and manufacturing. Complete system integration
sets us apart from our competitors, and our innovations make important
contributions to the overall performance of vehicles around the world:
they improve fuel economy, make vehicles safer and lighter, ensure a
pleasurable driving experience, and provide added value to our
customers.

In line with increasing environmental pressure, many of Magna
Powertrain’s innovations focus on electronically controlled
technologies, supporting the quest for improved efficiency and reduced
emissions. Manufacturing locations, engineering centers, and sales
offices are situated close to our global customer base, stretching
throughout all regions of the world.

About Magna International
Magna is a leading global automotive supplier with 305 manufacturing
operations and 88 product development, engineering and sales centres in
27 countries. Our 117,000 employees are focused on delivering superior
value to our customers through innovative processes and World Class
Manufacturing. Our product capabilities include producing body,
chassis, 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 www.magna.com.

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SOURCE Magna International Inc.