Question: How much value do you believe would be created if Magna successfully unwinds its dual-class structure? How would you propose to divide this value between

How much value do you believe would be created if Magna successfully unwinds its dual-class structure? How would you propose to divide this value between Magna's Class A and B shareholders, i.e., how much would you propose to offer Mr. Stronach per Class B share?

Hint: There are multiple factors to consider, some more relevant than others. These factors include: 1) Magna Class B share trading prices and transactions (page 5), 2) precedent unification transactions (Exhibit 3A), and 3) the value unlocked by eliminating the dual-class structure (Exhibits 3B, 4, and 5). Choose a factor that you believe is the most relevant and appropriate and perform your analysis.

How much value do you believe would be created ifHow much value do you believe would be created if
Magna International Exhibit 6 Data on Value and Performance of Selected North American Automotive Component Manufacturers 2010E 2010E Total 2010E % of 2009 2002-2007 CAGR Projected Growth: 20118/2010E Revenue EBITDA Enterprise Net Debt/ Sales to Adjusted Adjusted US$ MM) (US$ MM) Value EBITDA US Big 3 Revenue EBITDA Net Income Revenue EBITDA Net Income Company 5,177 $ 673 $ 5,625 1.0x 16.0% 14.3% 11.9% 14.0% 19.3% 24.5% 36.9% Borg Warner 2,539 $ 24,550 1.3x 25.0% 11.5% 8.8% 15.8% 8.4% 20.9% 24.6% Johnson Controls 33,847 $ 2,173 $ 311 1,612 1.5x 91.0% -1.4% -3.0% -14.5% 9.7% 10.4% 43.0% American Axle 10,871 $ 620 $ 3,279 2.1x 53.0% 2.1% 0.2% 2.9% 19.1% 37.2% 128.2% Lea 2,206 287 $ 1,576 1.1x 11.2% 12.5% 12.9% 19.7% 23.4% 55.0% Linamar 77.0% TRW Automotive 12,950 S 1,178 S 5,645 2.3x 41.8% 6.7% -0.6% .8% 8.7% 11% 31.2% Average 11,204 $ 935 $ 7,048 1.6x 50.6% 7.4% 5.0% 5.3% 14.2% 21.2% 53.2% Magna 20,359 $ 1,283 $ 6,094 -0.6x 64.1% 14.4% 6.5% 7.1% 11.0% 27.0% 69.5% 2010E Margins Average Margins 2002-2007 TEV/ TEV/ Price/ Price EBITDA [EBITDA- Return on 2010E 2011E 2010E 2011E EBITDA [EBITDA- Return on Company Margin Capx] Mgn Cap Empl Margin Capx] Mgn Cap Empl EBITDA EBITDA Earnings Earnings 13.0% 8.0% 8.1% 13.8% 8.2% 10.8% 8.4x 6.7x 17.4x 12.9 Borg Warner Johnson Controls 7.5% 5.2% 11.8% 7.8% 5.1% 15.1% 9.7x 7.3x 15.8x 11.7x American Axle 14.3% 10.2% 11.6% 11.3% 6.8% 10.5% 5.2x 4.7x 10.2x 7.5x Lear 5.7% 4.2% 10.0% 6.1% 3.8% 14.0% 5.3x 3.8x 29.1x 12.8x 9.9% 14.1% 4.1% 13.7% 5.5x 4.6x 20.6x 12.4x Linamar 13.0% 5.2% TRW Automotive 9.1% 6.6% 12.3% 9.5% 5.6% 8.9% 4.8x 4.3x 14.3x 10.9x 10.4% 6.6% 10.6% 10.4% 5.6% 12.2% 5.5X 5.2x 17.9x 11.4x Average 8.7% 4.5% 13.7% 4.8x 3.7x 19.5x 12.0x Magna 6.3% 2.6% 6.5% a. Adjusted EBITDA excludes unusual and non-recurring items. b. Return on Capital Employed equals EBIT / (total assets - current liabilities). Source: Magna International, Inc., Supplement to the Management Information Circular / Proxy Statement, July 8, 2010, and casewriter calculations.Magna International Exhibit 5 Dual-Class Share Conversion Precedents in Canada Descriptive Data on Old and New Structures Votes per New Shares % Dilution Premium Subject to Market Shares Outstanding (MM) Issued to of Sub-vote Offered Shareholder Industry Cap Subordinate- Superior- Superior- Superior-Voting Class Announce Shares Sup/Sub Vote Coattail Sunset (C$ MM) Voting Voting Total Voting Share Econ. % Vote % Vote-Econ Vote/Econ Sup-vote (MM) Date Company Sector 68.9 10.0 17.1% 67.3% 50.2% 3.9x 0.88 1.28% 7.5% Yes 31-May-06 Extendicare REIT No N $1,84 57.1 11.8 47.3x 1.65 3.04% 343.4% Yes 14-May-06 Canam Group Building Products Yes No $430 47.1 7.0 54.1 5.0 0.9% 42.6% 41.7% 10.0 10.7% 54.6% 43.9% 5.1x 0.00 0.00% 0.0% Yes Branded Food Yes No $50 50.0 6.0 56.0 13-Dec-05 CoolBrands 129.5 10.0 10.1% 52.8% 42.7% 5.2x 0.00 0.00% 0.0% Yes 13.0 13-Sep-05 ProMetic Life Sciences Healthcare Yes No $51 116.5 7.4x .00 0.00% 0.09 Yes 31-Mar-05 Diaz Resources Materials Yes No $41 53.8 6.0 59.8 25.0 10.0% 73.5% 63.5% No 0.1 18.7 20.0 2.4% 32.7% 30.3% 13.6x 0.00 0.00% 0.0% Media Yes No $365 18.6 26-Feb-04 MDC Partners 46.9% 3.3x .00 0.00% 0.0% No 3-Feb-04 Gildan Retail Yes No $590 23.4 6.1 29.5 8.0 20.6% 67.5% 0.0% No $277 84.2 6.0 90.2 5.0 6.7% 26.3% 19.6% 3.9x 0.00 0.00% 17-Oct-03 Sino-Forest Materials Yes No 19.9% 1507.3x 0.00 0.00% 0.0% Yes 7-May-03 Sceptre Financial No No $64 13.6 :0.05 13.6 0.1% 100.0% 35.7% 6.2x 2.32 2.90% 42.0% Yes 2-Aug-00 Goldcorp Metal & Mining No No $728 74.5 5.5 80.0 10.0 6.9% 42.6% 12.3 59.6 20.7% 100.0% 79.3% 4.8x 0.62 1.03% 5.0% Yes Yes 47.3 23-Dec-99 MDS Inc. Healthcare No $1,682 15.0% Yes No No $6,066 273.7 47.6 321.3 4.8% 100.0% 85.2% 6.8x 7.12 2.22% 12 16-Jun-97 Laidlaw Transportation Yes $223 17.8 3.3 21.1 15.6% 100.0% 84.4% 6.4x 0.16 0.78% 5.0% 13 12-Aug-96 Agra Agriculture Yes No Yes 9.1 11.5 79.1% $112 2.4 0.9% 100.0% 4.8x 0.24 2.09% 10.0% 14 12-Dec-94 Slater Steel Yes No 66.08% 65.44% 102.4x Automotive No No $7,379 111.9 0.7 112.6 300.0 0.65% Magna Note: some figures do not appear to tally correctly due to rounding of one or more components. *These companies' subordinate-voting shares had zero votes. a. Dilution is computed as the number of new shares issued to the superior voting class divided by the pre-transaction total number of shares outstanding. b. Premium equals value received by superior voting shares minus the pre-transaction value of subordinate shares, divided by the latter. Stock Price, Float, and Trading Volume Changes Relative to Pre-announcement Closing Price Public Float of Sub-voting shares (MM) Average Daily Trading Volume Stock Price Change Pre- Post- Pre-Reorg Post-Reorg % Change Announcement 3 mos(%) 6 mos (%) 1-year (%) Date Company 1-day 10-day Reorg Reorg % change 1-year (000s) 6.6% 307 11% 51% 32% 31-May-06 Extendicare 6.3% -10.4% 57 61 37 37 0.0% 81 94% 34% 21% 14-May-06 Canam Group 5.9% 15.5% 0.1% -74% -26% 50 388 -55% 13-Dec-05 CoolBrands 1.9% 14.9% 50 4% 4.3% -12.8% 116 116 0.0% 146 69% 28% 13-Sep-05 ProMetic Life Sciences 36 37 4.7% 128 -24% 0% 14% 31-Mar-05 Diaz Resources 1.4% -1.4% 15 15 0.0% 109 37% 2% 23% 6 26-Feb-04 MDC Partners 1.7% 12.5% 9.8% 23 24 2.5% 381 -24% 15% 28% 3-Feb-04 Gildan 0.9% 130 388% 552% 391% 8 17-Oct-03 Sino-Forest 7.5% 5.5% 76 76 0.4% 7.4% 29.8% 14 14 0.1% 15 9% 3% 21% 9 7-May-03 Sceptre 8.4% 18.0% 73 79 7.6% 444 -3% -12% 33% 10 2-Aug-00 Goldcorp 142 63% 62% 106% 11 23-Dec-99 MDS Inc. 2.0% 19.4% 38 45 18.4% 18% 244 322 32.09 1269 9% 5% 12 16-Jun-97 Laidlaw 1.3% 1.1% n/a n/a n/a n/a n/a n/a n/a n/a n/a 13 12-Aug-96 Agra 12 29.1% 22 9% 22% 11% 14 12-Dec-94 Slater 0.0% 5.0% 43.4% 53.6% 47.8% Average 2.8% 8.2% 7.8% Source: Magna International, Inc., Supplement to the Management Information Circular / Proxy Statement, July 8, 2010, and casewriter calculations

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