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Magna and Decoma announce completion of Global Exteriors Transaction

5 January 2001

Magna and Decoma announce completion of Global Exteriors Transaction

    CONCORD, ON, Jan. 5 /PRNewswire/ - Magna International Inc. ("Magna")
and Decoma International Inc. ("Decoma")
jointly announced today that they have completed the
purchase by Decoma of Magna's European exterior parts operations and Magna's
majority equity interest in Decoma Exterior Trim Inc. (the "Global Exteriors
Transaction"). This announcement follows the previous joint announcement of
the two companies on November 6, 2000, of the signing of the agreement to
carry out the Global Exteriors Transaction and the approval of the transaction
by Decoma's minority shareholders at Decoma's annual and special meeting of
shareholders held on December 6, 2000. Completion of the Global Exteriors
Transaction solidifies Decoma's position as a premier global supplier of a
broad range of exterior automotive parts and components to the world's leading
automotive manufacturers.
    Decoma designs, engineers and manufactures automotive fascias, and
related components and plastic body panels and exterior appearance systems for
cars and light trucks, principally for automobile manufacturers in North
America, Mexico and Europe. With the completion of this transaction, Decoma
now has approximately 14,000 employees in 30 manufacturing, engineering and
product development facilities in Canada, the United States, Mexico, Germany,
Belgium and England.
    Magna, one of the most diversified automotive suppliers in the world,
designs, develops and manufactures automotive systems, assemblies and
components and engineers and assembles complete vehicles, primarily for sale
to original equipment manufacturers of cars and light trucks in North America,
Europe, Mexico, South America and Asia. Magna has over 59,000 employees in 166
manufacturing operations and 32 product development and engineering centres in
19 countries.
    For further information regarding this release, please contact either
Vincent J. Galifi, Executive Vice-President, Finance and Chief Financial
Officer of Magna at (905) 726-7100 or S. Randall Smallbone, Vice President,
Finance and Chief Financial Officer of Decoma at (905) 760-3203.
    For further information about Decoma, please visit the company's website
http://www.decoma.com.