EXHIBIT 99.1

PRESS RELEASE

Magna Announces 2026 Annual Meeting Results

AURORA, Ontario, May 04, 2026 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today announced voting results from its 2026 annual meeting of shareholders held on May 4, 2026. A total of 218,968,145 Common Shares or 79.21% of our issued and outstanding Common Shares were represented in person or by proxy at the meeting. Shareholders voted in favour of each item of business, as follows:

a.        Election of Directors        

                                                        
b.        Other Items of Business

Based on the voting results, all 12 nominees were elected to the Board, Deloitte was reappointed as independent auditor, and the “Say on Pay” resolution was approved – in each case by a substantial majority. Detailed voting results are included as Appendix “A” to this press release.

Following the annual meeting, Magna’s Board confirmed:

• Robert F. MacLellan as Board Chair;
• Mary Lou Maher as Audit Committee Chair; and
• Hon. V. Peter Harder as Governance, Nominating and Sustainability Committee Chair.
  

Additionally, with the retirement of Dr. Indira V. Samarasekera from the Board after 12 years, the Board made the following Committee Chair appointments, effective immediately:

• William A. Ruh as Talent Oversight and Compensation Committee Chair; and
• Matthew Tsien as Technology Committee Chair.
  
  

INVESTOR CONTACT 
Louis Tonelli, Vice-President, Investor Relations
louis.tonelli@magna.com │ 905.726.7035

MEDIA CONTACT
Tracy Fuerst, Vice-President, Corporate Communications & PR
tracy.fuerst@magna.com │ 248.761.7004

ABOUT MAGNA
Magna is one of the world’s largest automotive suppliers and a trusted partner to automakers in the industry’s most critical markets—North America, Europe, and China. With a global team and footprint spanning 28 countries, we bring unmatched scale, trusted reliability, and proven execution. Backed by nearly seven decades of experience, we combine deep manufacturing expertise with innovative vehicle system technologies to deliver performance, safety, and quality.

For further information about Magna (NYSE:MGA; TSX:MG), please visit www.magna.com or follow us on social.

Appendix “A”

VOTING RESULTS - 2026 ANNUAL MEETING OF SHAREHOLDERS

EXHIBIT 99.2

MAGNA INTERNATIONAL INC.

REPORT OF VOTING RESULTS

FOR THE ANNUAL MEETING OF SHAREHOLDERS HELD ON MAY 4, 2026

In accordance with Section 11.3 of National Instrument 51-102 - Continuous Disclosure Obligations, the following sets out the matters voted on at the annual meeting of shareholders of Magna International Inc. (the "Company") held on Monday, May 4, 2026. Each of the matters is described in greater detail in the Company's Notice of 2026 Annual Meeting of Shareholders and Management Information Circular/Proxy Statement dated March 26, 2026. A total of 218,968,145 Common Shares, or 79.21% of the Company’s issued and outstanding Common Shares, were represented in person or by proxy at the meeting. The manner in which the votes and proxies received, as applicable, were cast in respect of each matter is set out below.

The following resolutions were passed, and the Company’s 12 nominees were elected as directors of the Company by the holders of Common Shares.

A resolution was passed by holders of Common Shares to reappoint Deloitte as independent auditor of the Company and to authorize the Audit Committee to fix the independent auditor’s renumeration.

A resolution was passed by holder of Common Shares to accept the approach to executive compensation disclosed in the Company’s Management Information Circular/Proxy Statement dated March 26, 2026.