Magna International Inc. second quarter 2003 results

TORONTO, July 25 -- Magna International Inc. (TSX:MG.A, MG.B; NYSE:MGA) will announce its financial results for the second quarter ended June 30, 2003 on Wednesday, August 6, 2003.

We will hold our conference call on Thursday, August 7, 2003 at 10:00 a.m. EDT (Toronto Time). The number to use for this call is 1-800-428-5596. Overseas callers should use 1-416-641-6659. Please call in at least 10 minutes prior to start time. We will also webcast the conference call at www.magna.com. The conference call will be chaired by Belinda Stronach, President and Chief Executive Officer.

If you have any questions, please 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 numbers will be: North America - 1-800-558-5253 and Overseas - 1-416-626-4100 (reservation number is 21156495) and will be available until Thursday, August 14, 2003.