^Intier raises additional CDN$14.25 million as underwriters exercise over-allotment option

    AURORA, ON, Aug. 23 - Intier Automotive Inc.
announced that the syndicate of underwriters for its initial
public offering, BMO Nesbitt Burns Inc., Credit Suisse First Boston Securities
Canada Inc., CIBC World Markets Inc., RBC Dominion Securities Inc., Scotia
Capital Inc. and TD Securities Inc., has exercised its full over-allotment
option and today purchased 714,286 Class A Subordinate Voting Shares at Cdn
$21.00 per share (less the underwriters' commission) resulting in additional
net proceeds to Intier of approximately CDN$14,250,000.
    Intier is a global full service supplier of automotive interior and
closure components, systems and modules. It directly supplies most of the
major automobile manufacturers in the world and employs approximately 20,000
people at 62 manufacturing facilities, 17 product development, engineering and
testing centres and 13 sales offices in North America, Europe, Brazil and
China.