LNR Linamar Corp

Linamar Corporation ("Linamar") (TSX:LNR) announces that it has entered into a
binding agreement providing for a private placement of US $130 million aggregate
principal amount of senior unsecured notes (the "Notes"). The Notes will be
issued no later than September 15, 2011, subject to customary closing
conditions. The Notes are comprised of US $130 million principal amount at a ten
(10) year term bearing interest at a rate of 4.84% per annum. The net proceeds
from the sale of the Notes will be used for general corporate purposes.


Linda Hasenfratz, Linamar's CEO, stated that "we were very pleased with the
terms of the Notes and how smoothly this transaction took place. We believe the
success of this private placement shows the strength of Linamar's balance sheet
and reputation as a solid, reliable company with a good track record and great
future growth prospects."


Linamar Corporation (TSX:LNR) is a diversified global manufacturing company of
highly engineered products powering vehicles, motion, work and lives. The
company is made up of 4 key divisions - Manufacturing, Driveline, Industrial
Commercial Energy (ICE) and Skyjack, all world leaders in the design,
development and production of highly engineered products. The company's
Manufacturing and Driveline divisions focus on precision metallic components,
modules and systems for engine, transmission and driveline systems designed for
passenger vehicle markets. The ICE group concentrates on similar products for on
and off highway vehicle, energy and other industrial markets. The company's
Skyjack division is noted for their innovative, high quality mobile industrial
equipment, notably its class-leading aerial work platforms and telehandlers.
With more than 14,000 employees in 39 manufacturing locations, 5 R&D centers and
13 sales offices in 11 countries in North America, Europe and Asia, Linamar
generated sales of more than $2.2 Billion in 2010. 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.

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