<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>july21-2009_exhibit99.txt
<DESCRIPTION>PRESS RELEASE DATED JULY 21, 2009
<TEXT>
Exhibit 99

MAGNA INTERNATIONAL INC.
337 Magna Drive
Aurora, ON, Canada L4G 7K1
Tel:  (905) 726-2462
Fax:  (905) 726-7164

Magna and Sberbank announce revised offer for Opel

    AURORA, ON, Canada and MOSCOW, Russia, July 21, 2009 - Magna
International Inc. ("Magna") (TSX: MG.A, NYSE: MGA) and Savings Bank of the
Russian Federation ("Sberbank") (RTS: SBER, MISEX: SBER03) today announced
that Magna and Sberbank have jointly submitted a revised offer to acquire a
55% interest in Adam Opel GmbH ("Opel") as part of a proposed solution that is
intended to assure the long-term viability of Opel. Under the offer, the
acquired 55% interest in Opel would be owned by a 50:50 Magna/Sberbank
consortium ("Consortium"), with General Motors Company ("General Motors")
retaining a 35% interest and Opel employees acquiring 10% as part of a new
labour framework. The offer was made in response to a request by General
Motors for final offers regarding Opel. The offer contemplates a total equity
investment by the Consortium of Euro 500 million over time.
    General Motors is expected to review all submitted offers for Opel and
determine the next steps in the sale process.
    If the offer is successful, any transaction between the Consortium and
General Motors would still be subject to finalization of definitive agreements
and other conditions, including government-backed financing. Therefore, there
is no assurance at this time that any transaction will result from the current
involvement of Magna and Sberbank.
    If the Consortium is successful in completing the acquisition, Magna will
put in place appropriate "firewalls" to ensure that its current business will
operate independently from Opel.

    MAGNA FORWARD-LOOKING STATEMENTS
    --------------------------------

    This press release may contain statements that, to the extent that they
are not recitations of historical fact, constitute "forward-looking
statements" within the meaning of applicable securities legislation.
Forward-looking statements may include financial and other projections, as
well as statements regarding our future plans, objectives or economic
performance, or the assumptions underlying any of the foregoing. We use words
such as "may", "would", "could", "will", "likely", "expect", "anticipate",
"believe", "intend", "plan", "forecast", "project", "estimate" and similar
expressions to identify forward-looking statements. Any such forward-looking
statements are based on assumptions and analyses made by us in light of our
experience and our perception of historical trends, current conditions and
expected future developments, as well as other factors we believe are
appropriate in the circumstances. However, whether actual results and
developments will conform with our expectations and predictions is subject to
a number of risks, assumptions and uncertainties, including, without
limitation: the potential for an extended global recession, including its
impact on our liquidity; declining production volumes and sales levels; the
impact of government financial intervention in the automotive industry;
restructuring of the global automotive industry; the financial distress of
some of our suppliers and the risk of their insolvency, bankruptcy or
financial restructuring; restructuring and/or downsizing costs related to the
rationalization of some of our operations; impairment charges; shifts in
technology; our ability to successfully grow our sales to non-traditional
customers; a reduction in the production volumes of certain vehicles, such as
certain light trucks; our dependence on outsourcing by our customers; risks of
conducting business in foreign countries, including Russia, India and China;
our ability to quickly shift our manufacturing footprint to take advantage of
lower cost manufacturing opportunities; the termination or non-renewal by our
customers of any material contracts; disruptions in the capital and credit
markets; fluctuations in relative currency values; our ability to successfully
identify, complete and integrate acquisitions; the potential acquisition of a
significant stake in Opel; our ability to offset price concessions demanded by
our customers; the continued exertion of pricing pressures by our customers;
warranty and recall costs; product liability claims in excess of our insurance
coverage; changes in our mix of earnings between jurisdictions with lower tax
rates and those with higher tax rates, as well as our ability to fully benefit
tax losses; other potential tax exposures; legal claims against us; work
stoppages and labour relations disputes; changes in laws and governmental
regulations; costs associated with compliance with environmental laws and
regulations; potential conflicts of interest involving our indirect
controlling shareholder, the Stronach Trust; and other factors set out in our
Annual Information Form filed with securities commissions in Canada and our
annual report on Form 40-F filed with the United States Securities and
Exchange Commission, and subsequent filings. In evaluating forward-looking
statements, readers should specifically consider the various factors which
could cause actual events or results to differ materially from those indicated
by such forward-looking statements. Unless otherwise required by applicable
securities laws, we do not intend, nor do we undertake any obligation, to
update or revise any forward-looking statements to reflect subsequent
information, events, results or circumstances or otherwise.

    Magna International Inc. is the most diversified global automotive
supplier. Magna designs, develops and manufactures technologically advanced
systems, assemblies, modules and components, and engineer and assemble
complete vehicles, primarily for sale to original equipment manufacturers
("OEMs") of cars and light trucks. The company's capabilities include the
design, engineering, testing and manufacture of automotive interior systems;
seating systems; closure systems; body and chassis systems; vision systems;
electronic systems; exterior systems; power train systems; roof systems; as
well as complete vehicle engineering and assembly.
    Magna has approximately 70,000 employees in 240 manufacturing operations
and 86 product development, engineering and sales centres in 25 countries.
    www.magna.com

    Sberbank (Savings Bank of the Russian Federation) is the largest Bank in
Russia Central and Eastern Europe, with about 30% of the total assets of the
Russian banking system and around 260 000 of employees. The Central Bank of
the Russian Federation is the founder and the majority shareholder of Sberbank
(over 60% of the voting shares), with the rest of the shares dispersed among
more than 200 thousand individuals and legal entities. The Bank has the most
ramified branch network in Russia: 17 Regional Head Offices, over 20 thousand
branches and banking outlets, as well as subsidiaries in Kazakhstan and
Ukraine. The Bank holds the General License No. 1481, issued by the Central
Bank of the Russian Federation.
    www.sberbank.ru

For further information: Magna International Inc.: Vincent J. Galifi,
Executive Vice-President and Chief Financial Officer, +1 (905) 726-7100;
Sberbank: Anton Karamzin, Deputy Chairman of the Board and Chief Financial
Officer, + 7 (495) 957-5721, media@sbrf.ru

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