Magna Code of Conduct and Ethics

To report suspected violations of Magna’s Code of Conduct and Ethics,

Q: Based on internal reports, I know that Magna’s sales have

increased significantly and that our profit this quarter will be

higher than anticipated by industry analysts. Can I tell my

sister to buy Magna stock before we publicly announce our

quarterly earnings?

A: No. Using inside information for the benefit of yourself or

others, including your family and friends, is contrary to our

Code and illegal.

Improper Securities Trading

Our employees may sometimes gain access to confidential information about Magna, our suppliers,

competitors, customers or business partners through their work. This

, if used by an

employee for investment purposes, could give that employee an unfair advantage over other investors.

Buying or selling securities, like stocks and bonds, based on inside information is illegal and the penalties

can be severe. Therefore, if you have inside information about Magna or another company, you are

prohibited from making investments in that company until that information becomes public and investors

have had a chance to evaluate it.

Employees are also not permitted to share inside information with co-workers or people outside Magna if they are

not authorized to receive it. This prohibition extends to sharing inside information with

There are even more demanding requirements for the directors and officers of Magna and other designated

individuals listed in the

Policy on Insider Trading and Reporting.

These individuals are prohibited from

buying or selling Magna securities during certain time periods.

Our

Policy on Insider Trading and Reporting

provides guidance on how to avoid insider trading and

improper disclosure.

Public Disclosures

As a public company, Magna has a responsibility to provide full, accurate and timely information in its

public documents. We take that responsibility very seriously and strive to follow all applicable laws related

to disclosure of our business, operations and financial conditions. To comply with these complex legal

requirements, Magna has established a Corporate Disclosure Committee consisting of senior corporate

management.

Any employee authorized to speak to the media or shareholders, or to make public disclosures of any kind,

must comply with applicable securities laws and our

Policy on Corporate Disclosure

More details can be found in our

Policy on Corporate Disclosure