<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>a2057644zex-99_1.txt
<DESCRIPTION>EXHIBIT 99.1 PRESS RELEASE
<TEXT>
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FOR IMMEDIATE RELEASE                                   Monday, August 20, 2001

                      CELESTICA ANNOUNCES DISTRIBUTION
                        OF OMNI SHAREHOLDER CIRCULAR

TORONTO, Ontario -- Celestica Inc. (NYSE, TSE: CLS), a world leader in
electronics manufacturing services (EMS), today announced that Omni
Industries Limited has distributed a circular to its shareholders relating to
the previously announced proposed merger of Omni and Celestica.

The circular contains information about the proposed merger, as well as about
Omni, Celestica and the combined group. The full text of the circular can be
accessed, as of tomorrow, on the Singapore Exchange Securities Trading
Limited (the "SGX") website, at www.sgx.com, under the company name "Omni
Industries Limited." In the circular, the sections captioned "Preliminary" on
page 3 and "Cautionary Note Regarding Forward-Looking Statements by
Celestica" on page 4 set forth certain limitations and cautionary statements
that apply to the circular.

The transaction is subject to Omni shareholder and court approvals, and
certain other conditions. It is expected to close early in the fourth
quarter.

ABOUT CELESTICA

Celestica is a world leader in electronics manufacturing services (EMS) for
industry-leading original equipment manufacturers (OEMs). With facilities in
North America, Europe, Asia and Latin America, Celestica provides a broad
range of services including design, prototyping, assembly, testing, product
assurance, supply chain management, worldwide distribution and after-sales
service.

For further information on Celestica, visit its website at www.celestica.com.
The Company's security filings can also be accessed at www.sedar.com and
www.sec.gov.

CELESTICA SAFE HARBOUR STATEMENT

STATEMENTS CONTAINED IN THIS PRESS RELEASE, AND IN THE CIRCULAR IT REFERS TO,
WHICH ARE NOT HISTORICAL FACTS ARE FORWARD-LOOKING STATEMENTS WHICH INVOLVE
RISK AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY
FROM THOSE EXPRESSED IN THE FORWARD-LOOKING STATEMENTS. AMONG THE KEY FACTORS
THAT COULD CAUSE SUCH DIFFERENCES ARE: THE LEVEL OF OVERALL GROWTH IN THE
ELECTRONICS MANUFACTURING SERVICES (EMS) INDUSTRY; LOWER-THAN-EXPECTED
CUSTOMER DEMAND; COMPONENT CONSTRAINTS; VARIABILITY OF OPERATING RESULTS
AMONG PERIODS; DEPENDENCE ON THE COMPUTER AND COMMUNICATIONS INDUSTRIES;
DEPENDENCE ON A LIMITED NUMBER OF CUSTOMERS; AND THE ABILITY TO MANAGE
EXPANSION, CONSOLIDATION AND THE INTEGRATION OF ACQUIRED BUSINESSES. THESE
AND OTHER FACTORS ARE DISCUSSED IN THE COMPANY'S VARIOUS PUBLIC FILINGS AT
www.sedar.com AND http://www.sec.gov.

For further information:
CELESTICA CONTACT:
Laurie Flanagan
Corporate Communications
(416) 448-2200
media@celestica.com

To request a free copy of this organization's annual report, please go to
http://www.newswire.ca and click on reports@cnw.

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