Magna Announces Renewal of Normal Course Issuer Bid

AURORA, Ontario, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) announces today the Toronto Stock Exchange’s (the "TSX") acceptance of its notice of intention to renew its normal course issuer bid (the "Notice"). Pursuant to the Notice, Magna may purchase up to 25,778,000 Magna Common Shares (the "NCIB"), representing approximately 10% of its public float. As at October 31, 2026, Magna had 258,383,499 issued and outstanding Common Shares, including a public float of 257,862,127 Common Shares.