<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>a2085613zex-99_1.txt
<DESCRIPTION>EXHIBIT 99.1
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                                                             Exhibit 99.1

FOR IMMEDIATE RELEASE                                MONDAY, JULY 29, 2002


 CELESTICA RECEIVES TORONTO STOCK EXCHANGE APPROVAL FOR NORMAL COURSE ISSUER BID


TORONTO, Canada -- Celestica Inc. (NYSE, TSX: CLS), a world leader in
electronics manufacturing services (EMS), today announced that it has received
approval from the Toronto Stock Exchange for its normal course issuer bid.

The issuer bid, previously announced on July 17, 2002, is effective for a
12-month period effective August 1, 2002 and ending July 31, 2003. During that
period the company is authorized to repurchase, at its discretion, up to
9,565,982 Subordinate Voting Shares, which is 5 per cent of the company's
Subordinate Voting Shares on the open market subject to the normal terms and
limitations of such bids.

Any shares purchased pursuant to the bid will be purchased at the market price
of the shares at the time of purchase and will be cancelled. The shares will be
purchased on behalf of the Corporation by a registered investment dealer through
the facilities of the New York or Toronto Stock Exchange. The funding for any
purchase of will be financed out of the companies cash resources. At July 26,
2002, the company had approximately 191 million subordinate voting shares
outstanding.

The Corporation believes that its Subordinate Voting Shares have been trading in
price ranges which may not fully reflect the value of such Subordinate Voting
Shares. As a result, the Corporation believes that its outstanding Subordinate
Voting Shares represent an attractive investment to the Corporation.

ABOUT CELESTICA
Celestica is a world leader in the delivery of innovative electronics
manufacturing services (EMS). With 2001 revenues in excess of US$10 billion,
Celestica is a global operator of a highly sophisticated manufacturing network,
providing a broad range of services to leading OEMs (original equipment
manufacturers) in the information technology and communications industries.
Unrivalled in quality, technology and supply chain management, Celestica
provides competitive advantage to its customers by improving time-to-market,
scalability and manufacturing efficiency. Celestica has more than 40,000
employees in over 40 locations in the Americas, Europe and Asia.

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


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SAFE HARBOUR AND FAIR DISCLOSURE STATEMENT
STATEMENTS CONTAINED IN THIS PRESS RELEASE 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.
As of its date, this press release contains all material information associated
with this event.




                                      -30-



For further information please contact:
Laurie Flanagan                                    Paul Carpino
Celestica Corporate Communications                 Celestica Investor Relations
(416) 448-2200                                     (416) 448-2211
media@celestica.com                                clsir@celestica.com
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