Magna Announces Renewal of Normal Course Issuer Bid

Core Viewpoint - Magna International Inc. has announced the renewal of its normal course issuer bid (NCIB), allowing the purchase of up to 25,300,000 common shares, which is approximately 10% of its public float, starting from November 7, 2025, and ending no later than November 6, 2026 [1][7]. Summary by Sections NCIB Details - The primary purposes of the NCIB include facilitating share purchases for cancellation and funding stock-based compensation awards [2]. - The NCIB allows purchases to be made on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE), adhering to respective regulations [3]. - The maximum number of shares that can be purchased daily on the TSX is 321,966, based on 25% of the average daily trading volume over the past six months [4]. Previous NCIB - The current NCIB, which allows for the purchase of up to 28,500,000 common shares, will expire at the close of trading on November 6, 2025. As of October 31, 2025, Magna had repurchased 5,834,714 shares at average prices of C$61.21 and US$43.45 [5]. Automatic Purchase Plan - An automatic share purchase plan has been established to facilitate share purchases under the NCIB, effective November 7, 2025. This plan will operate under strict parameters to comply with regulatory restrictions [6][8].