MAGNA INTERNATIONAL INC.

Magna International Inc. 2003 outlook

Aurora, Ontario, December 23 /PRNewswire/ -- Magna International Inc. (TSX:MG.A, MG.B; NYSE:MGA) will announce its outlook for 2003 on Tuesday, January 7, 2003.

We will hold our conference call on Wednesday, January 8, 2003 at 7:45 a.m. EST (Toronto Time). The number to use for this call is
1-888-740-1975. Please call in at least 10 minutes prior to start time. Overseas callers should use 1-416-641-6711. Magna will also webcast the conference call at www.magna.com. The conference call will be chaired by Vincent J. Galifi, Executive Vice-President, Finance and Chief Financial Officer.

If you have any questions, please feel free to call Louis Tonelli at (905) 726-7035. For teleconferencing questions, please call Karin Kaminski at (905) 726-7103.

For anyone unable to listen to the scheduled call, the rebroadcast number will be 1-800-558-5253 (reservation number is 21097092) and will be available until Wednesday, January 15, 2003.

For further information: please feel free to call Louis Tonelli at +1 (905) 726-7035. For teleconferencing questions, please call Karin Kaminski at +1 (905) 726-7103.

24 dec 02 08:47