Securities Law & Instruments

IN THE MATTER OF

THE SECURITIES ACT,

R.S.O. 1990, c. S.5, AS AMENDED

AND

IN THE MATTER OF

MAGNA INTERNATIONAL INC.

AND

IN THE MATTER OF

THE STRONACH TRUST

AND 446 HOLDINGS INC.

ORDER GRANTING INTERVENOR STATUS

TO THE ONTARIO TEACHERS' PENSION

PLAN BOARD, CANADA PENSION PLAN

INVESTMENT BOARD, OMERS ADMINISTRATION

CORPORATION, ALBERTA INVESTMENT

MANAGEMENT CORPORATION, LETKO,

BROSSEAU & ASSOCIATES INC., AND BRITISH

COLUMBIA INVESTMENT MANAGEMENT

CORPORATION

(Application for standing in the hearing

on the merits in the matter of

Magna International Inc. under section 127)

WHEREAS the Ontario Securities Commission (the "Commission") has convened a hearing pursuant to a Notice of Hearing dated June 15, 2010 (the "Hearing") to consider an application brought by Staff of the Commission pursuant to section 127 of the Ontario Securities Act, R.S.O. 1990, c. S.5, as amended (the "Application");

AND WHEREAS the Hearing is scheduled to be heard by the Commission on June 23 and 24, 2010;

AND WHEREAS Ontario Teachers' Pension Plan Board, Canada Pension Plan Investment Board, OMERS Administration Corporation, Alberta Investment Management Corporation, Letko, Brosseau & Associates Inc., and British Columbia Investment Management Corporation (the "Proposed Intervenors") filed a notice of motion for an order that they be granted leave to intervene in the Application with full standing, including the opportunity to adduce evidence and make submissions at the hearing on the merits;

AND UPON considering the submissions made by counsel at the motion hearing held on June 18, 2010;

AND UPON being satisfied that it is in the public interest in the circumstances to grant limited standing to the Proposed Intervenors to make oral and written submissions before the Commission but not to tender evidence, cross-examine any witnesses or otherwise become a party to the proceeding (such limited standing is referred to as "Torstar standing");

IT IS ORDERED THAT:

The Proposed Intervenors are granted Torstar standing at the hearing on the merits of the Application, provided the Proposed Intervenors abide by the timetable agreed to by the other parties to this proceeding or imposed by the Commission, including by delivering any written submissions or factums they intend to rely upon in accordance with that timetable.

DATED at Toronto this 18th day of June, 2010.

"James Turner"