Linamar Corporation Announces Repatriation of Hungarian Forint

GUELPH, ONTARIO, Jan 22 (MARKET WIRE) --
Linamar Corporation (TSX: LNR) today announced the repatriation of funds
held in escrow in Hungary intended for the repurchase of shares of
Linamar Hungary NYRT. Linamar announced it was making an offer to
purchase all of the outstanding ordinary shares of Linamar Hungary NYRT
in February of 2007. The offer expired in May 2007.

Volatility in global currency markets had resulted in the company
realizing non cash gains and losses intermittently throughout 2007.
Repatriation of the money back to Canada into Canadian dollars removes
this noise from the company's P&L.

The money was repatriated at the same exchange rate at which it was
placed in escrow.

Linamar Corporation (TSX: LNR) is a diversified global manufacturing
company of highly engineered products. The company's Powertrain and
Driveline focused divisions are world leaders in the collaborative
design, development and manufacture of precision metallic components,
modules and systems for global vehicle markets. The company's Industrial
division is a world leader in the design and production of innovative
mobile industrial products, notably its class-leading aerial work
platforms. With more than 12,000 employees in 38 manufacturing locations,
5 R&D centers and 9 sales offices in Canada, the US, Mexico, Germany,
Hungary, China, Korea and Japan Linamar generated sales of close to $2.3
Billion in 2006. For more information about Linamar Corporation and its
industry leading products and services, visit www.linamar.com.

Certain information regarding Linamar set forth in this document,
including management's assessment of the Company's future plans and
operations may constitute forward-looking statements. This information is
based on current expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results may differ
materially from these anticipated in the forward-looking statements due
to factors such as customer demand and timing of buying decisions;
product mix; competitive products; the cost, timing and effectiveness of
cost reduction initiatives; and pricing pressure. In addition,
uncertainties and difficulties in domestic and foreign financial markets
and economies could adversely affect demand from customers. These
factors, as well as general market, economic and political conditions,
may in turn have a material adverse effect on the Company's financial
results. The Company assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ from
those reflected in the forward-looking statements.

Contacts:
Linamar Corporation
Crystal Roberts
(519) 836-7550 ext. 2009
(519) 824-8479 (FAX)
Email: crystal.roberts@linamar.com
Website: www.linamar.com

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