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<TYPE>EX-99
<SEQUENCE>2
<FILENAME>sep2-2010_exhibit99.txt
<DESCRIPTION>MATERIAL CHANGE REPORT RE PLAN OF ARRANGEMENT
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EXHIBIT 99

FORM 51-102F3
MATERIAL CHANGE REPORT

1. Name and Address of Company

The reporting issuer is Magna International Inc. (the "Corporation" or
"Magna"), a corporation existing under the laws of the Province of Ontario
and having its registered office at 337 Magna Drive, Aurora, Ontario,
Canada L4G 7K1.

2. Date of Material Change

The material change occurred on August 31, 2010.

3. Press Release

On August 31, 2010, at approximately 4:00 p.m. (Toronto time), a press
release describing the material change was issued by the Corporation and
delivered to the Ontario Securities Commission and the other Canadian
securities regulatory authorities, the Toronto Stock Exchange ("TSX"),
the New York Stock Exchange and to Canada NewsWire for publication and
dissemination through its Canadian Disclosure, Custom U.S. National, and
European Financial Markets networks.  A copy of the press release is
attached to this material change report.

4. Summary of Material Change

On August 31, 2010, Magna announced that its previously announced share
capital reorganization that would eliminate its dual-class share structure
and reorganize its vehicle electrification business in connection with the
formation of a new joint venture between Magna and the Stronach Trust (the
"Arrangement") and related transactions had been successfully completed.
The Corporation's Class A subordinate voting shares were renamed as "common
shares" and commenced trading under the symbol 'MG' on the Toronto Stock
Exchange at the start of trading on September 1, 2010.

5. Full Description of Material Change

On August 31, 2010, Magna announced that the Arrangement had been completed.

As a result of the successful completion and implementation of the Arrangement:
Magna has purchased for cancellation from the Stronach Trust all of the 726,829
issued and outstanding Class B shares of Magna; the Stronach Trust has
indirectly received 9,000,000 Class A subordinate voting shares in the capital
of Magna and US$300 million in cash; the Class B Shares have been removed from
the authorized capital of Magna; and the Class A subordinate voting shares have
been renamed as "common shares". Each common share carries one vote per share
and each holder of common shares has a voting interest that is proportionate
to the holder's equity interest.

As a result of the Arrangement, the formation of a new joint venture between
Magna and the Stronach Trust has also been completed. The joint venture is
named "Magna E-Car Systems L.P.", a limited partnership governed by a limited
partnership agreement between Magna E-Car Systems GP Holdings Inc., Magna E-Car
Systems LP Holdings Inc. and Magna Vita Inc. and the Limited Partnerships Act
(Ontario) (the "E-Car Partnership"). The Stronach Trust has indirectly invested
$80 million in cash for a 26.67% interest in the E-Car Partnership. Magna has
indirectly invested $220 million in assets and cash for a 73.33% interest. The
Stronach Trust, indirectly, has effective control over the E-Car Partnership
through the right to appoint three of five members of the management committee
of general partners.

The Class A subordinate voting shares, renamed as "common shares", commenced
trading under the symbol 'MG' on the Toronto Stock Exchange at the start of
trading on September 1, 2010 and continued trading under the symbol 'MGA' on
the New York Stock Exchange.

In connection with the completion of the Arrangement, certain amendments to
the consulting, business development and business services agreements in place
between Magna, and certain of its subsidiaries, and Frank Stronach, and
certain of his affiliated entities, became effective, all as more fully
disclosed by Magna in its public disclosure documents that were previously
filed with the Canadian securities regulatory authorities.

6. Reliance on subsection 7.1(2) of National Instrument 51-102

This report is not being filed on a confidential basis.

7. Omitted Information

Not applicable.

8. Executive Officer

For further information, please contact Bassem A. Shakeel, Vice-President
and Secretary of the Corporation at (905) 726-7070.

DATED at Aurora, Ontario the 2nd day of September, 2010.


Magna International Inc.

337 Magna Drive
Aurora, Ontario
Canada L4G 7K1
Tel:  (905) 726-2462
Fax:  (905) 726-7164
www.magna.com

PRESS RELEASE

MAGNA PLAN OF ARRANGEMENT COMPLETED

August 31, 2010, Aurora, Ontario, Canada. Magna International Inc.
(TSX: MG.A, NYSE: MGA) today announced that the plan of arrangement to
eliminate Magna's dual-class share structure has been completed.
Magna's common shares will commence trading under the symbol 'MG' on
the Toronto Stock Exchange at the start of trading on September 1, 2010.

Contact

For further information, please contact Vince Galifi, Executive Vice-
President and Chief Financial Officer at 905-726-7100 or Louis Tonelli,
Vice-President, Investor Relations at 905-726-7035.

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 76,000 employees in 242 manufacturing operations
and 76 product development, engineering and sales centres in 25 countries.
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