Magna International Inc. - Second quarter 2003 results conference call changed

Aurora, Ontario, Canada, July 31 -- 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 rather than on Thursday, August 7, 2003.

We will hold our conference call on Wednesday, August 6, 2003 at 5:30 p.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 http://www.magna.com/. The conference call will be chaired by Belinda Stronach, President and Chief Executive Officer.

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.

If you have any questions, please call Louis Tonelli at +1(905) 726-7035. For teleconferencing questions, please call Karin Kaminski at +1(905) 726-7103.