MAGNA INTERNATIONAL INC. TSE: MG.A; NYSE; MGA - Online Webcast Notification - May 18 and 19, 2000. Magna, one of the most diversified automotive suppliers in the world, designs, develops and manufactures automotive systems, assemblies and components and engineers and assembles complete vehicles, primarily in North America, Europe, Mexico, South America and Asia.

Magna will webcast its Annual and Special Meeting of Shareholders on May 18 at 10:00 am Toronto Time at www.magnaint.com. Magna will also webcast its Q1 earnings conference call on May 19, 2000 at 10:30 am Toronto Time at http://www.magnaint.com. This call will be archived for a period of 30 days.

The CNW Earnings Call Notification Network is consistent with Toronto Stock Exchange (TSE) initiatives to broaden investor access through the use of new technology.