Magna Plan of Arrangement Approved

AURORA, Canada, August 17, 2010 – Magna International Inc. (TSX: MG.A, NYSE: MGA) today announced that the
Ontario Superior Court has approved the previously announced plan of
arrangement to eliminate Magna's dual class share structure. The decision of
the Ontario Superior Court followed a hearing held on August 12 and 13, 2010.
The Superior Court found that the [...]