<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>jun16-2010_exhibit99.txt
<DESCRIPTION>PRESS RELEASE RE RESPONSE TO OSC
<TEXT>
Exhibit 99

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

Magna responds to OSC notice of hearing, believes shareholders should be
permitted to decide the outcome of proposed transaction

AURORA, ON, June 16, 2010 - Magna International Inc. (TSX: MG.A, NYSE: MGA)
today responded to the Ontario Securities Commission's June 15, 2010
announcement that it will convene a hearing to determine whether it is in
the public interest to prevent Magna's proposed transaction to eliminate
the company's dual class share structure from proceeding. The hearing is
scheduled for June 23, 2010.

The proposed transaction would be effected by way of a court-approved plan
of arrangement, and be subject to the approval of a majority of Magna's
minority Class A shareholders. The Magna shareholder vote is scheduled to
take place at a special meeting on June 28, 2010.
"We strongly believe our existing disclosure is complete, that Magna's
board undertook a proper process, and that our shareholders should not
be denied the opportunity to decide the outcome of the proposed transaction,
"said Vincent J. Galifi, Executive Vice President and Chief Financial
Officer of Magna. "Nonetheless, we will work to address the OSC's concerns
though we do not believe any additional information we might disclose will
change shareholders' views of the value this transaction can unlock for
holders of Magna's Class A shares."

Mr. Galifi added, "Based on all of our discussions to date, the vast
majority of Magna's shareholders are having no difficulty in understanding
the transaction. Moreover, the market reaction has been very positive,
indicating that most shareholders view the transaction as one that enhances
value for them. Shareholders who want to see this transaction proceed are
encouraged to express their views to the OSC and vote their shares in
advance of the hearing," said Mr. Galifi.

Magna has been advised that more than 24% of its shares outstanding have
been voted thus far, with over 99% voting to approve the proposed transaction.

Since the announcement of the proposal on May 6, 2010 through the market
close on June 15, 2010, Magna's shares have traded up 14.2% on the New York
Stock Exchange (on which the greatest volume of trading has occurred), as
compared to a loss of 4.3% for the S&P 500 Index over the same period, and
a loss of 1.0% in respect of Magna's U.S. comparable companies (consisting
of BorgWarner Inc., Johnson Controls Inc., American Axle & Manufacturing
Holdings, Inc., Lear Corporation, TRW Automotive Holdings Corp., Dana Holding
Corp. and ArvinMeritor, Inc.). On the Toronto Stock Exchange, Magna's shares
are up 14.1% compared to a gain of 0.3% for the S&P/TSX Index over this period.

On June 13, 2010, RiskMetrics Group, an independent proxy advisor,
recommended to its institutional clients that they vote in favour of the
proposed transaction.

A copy of the OSC's Notice of Hearing is available at: http://www.osc.gov.on.ca.
Magna's Management Information Circular/Proxy Statement dated May 31, 2010
has been mailed to shareholders and is available on Magna's website at
 www.magna.com/magna/en/investors/ and at www.sedar.com. Shareholders are
encouraged to read the circular in its entirety and vote their shares.

About Magna
We are the most diversified global automotive supplier. We design, develop
and manufacture 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. Our
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;
powertrain systems; roof systems; hybrid and electric vehicles/systems as
well as complete vehicle engineering and assembly.
We have approximately 74,000 employees in 240 manufacturing operations and
76 product development, engineering and sales centres in 25 countries.

    FORWARD-LOOKING STATEMENTS
    --------------------------
This Press Release may contain statements that constitute "forward-looking
statements" within the meaning of applicable securities legislation,
including, but not limited to, statements relating to the results and the
potential benefits expected to be achieved from the completion of the
transactions contemplated by the proposed Arrangement. The forward-looking
information in this Press Release is presented for the purpose of providing
information about Magna's current expectations relating to the transactions
contemplated by the Arrangement and such information may not be appropriate
for other purposes. Forward-looking statements may also include statements
regarding our future plans, objectives or economic performance, or the
assumptions underlying any of the foregoing, and other statements that are
not recitations of historical fact. We use words such as "may", "would",
"could", "should", "will", "likely", "expect", "anticipate", "believe",
"intend", "plan", "forecast", "outlook", "project", "estimate" and similar
expressions suggesting future outcomes or events to identify forward-looking
statements. Any such forward-looking statements are based on information
currently available to us, and 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, many of
which are beyond our control, and the effects of which can be difficult to
predict, including, without limitation, risks, assumptions and uncertainties
related to the consummation of the Arrangement, including, shareholder
approval, Court approval, the satisfaction or waiver of the conditions to
complete the transactions contemplated by the Arrangement, and the
termination of the transaction agreements; future growth prospects for
electric vehicles; the market value and trading price of the Class A
Subordinate Voting Shares; and other factors set out in our management
information circular/proxy statement dated May 31, 2010, 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 any forward-
looking statements in this Press Release, we caution readers not to place
undue reliance on any forward-looking statements. Readers should
specifically consider the various factors which could cause actual
events or results to differ materially from those indicated by our
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 contained in this
Press Release to reflect subsequent information, events, results or
circumstances or otherwise.

For further information: Vincent J. Galifi, Executive Vice-President
and Chief Financial Officer at (905) 726-7100

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