Cosma Receives 2007 Best Supplier Award From PSA Peugeot Citroen

AURORA, ONTARIO, Canada, April 1, 2008 -- Cosma International, an operating unit of Magna International Inc. and a leading global automotive metalforming supplier, has recently been awarded the 2007 Best Supplier Award by PSA Peugeot Citroen, in the category of technical savings. Out of a total of 800 suppliers that supply PSA Peugeot Citroen, 12 were recognized at an event held on March 12, 2008, in Paris, France. Cosma was the only company to receive an award in this category.

"Cosma continues to be a valued supplier partner, and this award recognizes their technical expertise and commitment to ongoing cost savings," Jean-Christophe Quemard, Vice-President Purchasing for PSA Peugeot Citroen, remarked.

Horst Prelog, President, Cosma International, commented, "Cosma is proud to have been recognized by PSA Peugeot Citroen as a leader in technical savings. It is this collaborative approach between suppliers and customers that is essential in bringing ideas to reality. At Cosma, we look forward to continuing this cost savings activity with PSA Peugeot Citroen and all our global customers."

In the fall of 2007, PSA Peugeot Citroen invited major suppliers to participate in a collaborative costs savings workshop. Cosma submitted a variety of ideas focused primarily on material reduction, as well as in areas of product design and weld process optimization. Since then, several ideas have been implemented into PSA Peugeot Citroen's production environment.

About Cosma

Cosma International (http://www.cosma.com/), an operating unit of Magna International, manufactures a comprehensive range of metal body systems, components, assemblies and modules including complete vehicle frames, chassis systems and body-in-white systems using a variety of innovative processes including hydroforming, stamping and roll forming. Cosma has 37 manufacturing facilities and 12 product development and engineering centers worldwide.

About Magna International

Magna is the most diversified global automotive supplier. Magna designs, develops and manufactures technologically advanced automotive systems, assemblies, modules and components, and engineers and assembles complete vehicles, primarily for sale to original equipment manufacturers of cars and light trucks. Magna's capabilities include the design, engineering, testing and manufacture of automotive interior systems; seating systems; closure systems; metal body and chassis systems; vision systems; electronic systems; exterior systems; powertrain systems; roof systems; as well as complete vehicle engineering and assembly.

Magna has approximately 84,000 employees in 241 manufacturing operations and 62 product development and engineering centers in 23 countries.