Magna International Inc. notice of conference call for third quarter 2006 results

AURORA, ON, Nov. 1, 2006 -- Magna International Inc. (TSX: MG.A, MG.B; NYSE: MGA) will release its financial results for the third quarter ended September 30, 2006 on Tuesday, November 7, 2006.

Magna's quarterly conference call to discuss third quarter 2006 results will be held Tuesday, November 7, 2006 at 8:30 a.m. EST. The number to use for this call is 1-800-741-7590. Overseas callers should use 1-416-641-6210. Please call in at least 10 minutes prior to start time. The conference call will be webcast at www.magna.com. The conference call will be co-chaired by Mark T. Hogan, President and Vincent J. Galifi, Executive Vice-President and Chief Financial 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 21308366) and will be available until Tuesday, November 14, 2006.