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Celestica Introduces an ITANIUM� 2-Based Reference Design for Workstations

Jun 30, 2003

TORONTO, Canada Celestica Inc. (NYSE, TSX: CLS), a world leader in electronics manufacturing services (EMS), today introduced an Intel� Itanium� 2 processor-based workstation reference design. Based on Intel�s industry-leading processor, the reference design will provide high performance, cost efficiencies and a roadmap for growth to the workstation market.

This design will enable OEMs and system builders to offer their technical computing customers a strong performance and scaleable workstation that meets the needs of graphics rich, complex computing environments.

"We are delighted to be working with Intel to bring these innovative products to market," said Dan Shea, senior vice president and group general manager, Celestica. "With a heritage in engineering and technology leadership, Celestica has been a leading supplier of electronics manufacturing services to workstation and server markets for many years. We have expanded our capability to provide 64-bit solutions to meet our customers� specific product needs."

Celestica will be offering two products. The single processor product is an entry level solution that will feature either the upcoming Itanium 2 processor 6M (codenamed Madison) or the upcoming Low Voltage Intel Itanium 2 processor (codenamed Deerfield), five PCI slots, four hard drive bays, 8GB memory capability and AGP 4X graphics. The dual processor product is focused on the performance workstation user and will feature either two Intel Itanium 2 processors 6M or two Low Voltage Intel Itanium 2 processors, four PCI slots, four hard drive bays, 16GB memory capability and AGP 8X graphics.

The Itanium processor family is designed to address the needs of high-performance servers and workstations, and is supported by a broad ecosystem of leading hardware and software vendors worldwide.

"The Itanium processor family is designed to provide higher performance at a lower cost and with greater choice than proprietary RISC offerings," said Mike Fister, senior vice president and general manager, Intel Enterprise Platforms Group. "The Itanium 2-based workstation reference design from Celestica achieves these goals and will enable broader adoption of Itanium 2-based workstations by providing hardware and software vendors with a high�performance, cost-effective solution."

These products will be offered broadly to the OEM market, with a single-processor Itanium 2-based workstation available in the Fall 2003 and the dual-processor Itanium 2-based workstation available in the Spring of 2004. To ensure evolving OEM needs are met, Celestica will provide roadmap refreshes as technology advances.

About Celestica

Celestica is a world leader in the delivery of innovative electronics manufacturing services (EMS). Celestica operates a highly sophisticated global manufacturing network with operations in Asia, Europe and the Americas, providing a broad range of services to leading OEMs (original equipment manufacturers). A recognized leader in quality, technology and supply chain management, Celestica provides competitive advantage to its customers by improving time-to-market, scalability and manufacturing efficiency.

For further information on Celestica, visit its website at http://www.celestica.com. The company�s security filings can also be accessed at http://www.sedar.com and http://www.sec.gov.

Celestica Safe Harbour and Fair Disclosure Statement

This news release contains forward-looking statements related to our future growth, trends in our industry and our financial and operational results and performance that are based on current expectations, forecasts and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include, but are not limited to: the challenges of effectively managing our operations during uncertain economic conditions; the challenge of responding to lower-than-expected customer demand; the effects of price competition and other business and competitive factors generally affecting the EMS industry; our dependence on the computer and communications industries; our dependence on a limited number of customers and on industries affected by rapid technological change; component constraints; variability of operating results among periods; and the ability to manage expansion, consolidation and the integration of acquired businesses. These and other risks and uncertainties and factors are discussed in the Company's various public filings at http://www.sedar.com and http://www.sec.gov, including our Annual Report on Form 20-F and subsequent reports on Form 6-K filed with the Securities and Exchange Commission.

We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

In the Company�s best judgement, the events noted in this press release on a stand-alone basis are not expected to be material to Celestica�s overall financial results.

Intel and Itanium are trademarks or registered trademarks of Intel Corporation or its subsidiaries in the United States and other countries.

Contacts:

Laurie Flanagan

Celestica

(416)448-2200

media@celestica.com

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