Celestica completes cash tender offer

TORONTO, Aug. 3 /CNW/ - Celestica Inc. (NYSE: CLS, TSX: CLS/SV), a world
leader in electronics manufacturing services (EMS), today announced that it
has completed its previously announced cash tender offer (the "Offer") for the
repurchase of any or all of its US$614,435,000 aggregate principal amount of
Liquid Yield Option(TM) Notes due 2020 (Zero Coupon-Subordinated)
(CUSIP No. 15101QAA6) (the "LYONs").
The Offer expired on August 2, 2005 at 5pm EDT (the "Expiration Date").
As of the Expiration Date, Celestica has accepted for purchase LYONs having a
total principal amount of US$612,286,000 at maturity. The purchase price for
tendered LYONs was equal to US$572.82 per US$1,000 principal amount at
maturity. Celestica has accepted for payment all of the LYONs validly tendered
on or prior to the Expiration Date, representing 99.65% of the aggregate
principal amount of the LYONs. The aggregate cash purchase price was
US$350,729,666.52 million. US$2,149,000 principal amount at maturity of LYONs
remains outstanding after the completion of the Offer. The terms of the Offer
are described in Celestica's Company Notice to Holders of Celestica Inc.
Liquid Yield Option(TM) Notes due 2020 (Zero Coupon-Subordinated), dated   
July 5, 2005 (the "Company Notice"), filed with the United Stated Securities
and Exchange Commission on July 5, 2005. Copies of this document are
available, without charge, at the Securities and Exchange Commission website
located at www.sec.gov or by calling Celestica's Investor Relations department
at 416-448-2211. JPMorgan Chase Bank acted as Depositary in the Offer.
This announcement is not an offer to purchase, a solicitation of an offer
to purchase or a solicitation of consent with respect to any securities. The
Offer was made solely by the Company Notice.

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 integrated services and solutions to leading OEMs
(original equipment manufacturers). Celestica's expertise in quality,
technology and supply chain management, and leadership in the global
deployment of Lean principles, enables the company to provide competitive
advantage to its customers by improving time-to-market, scalability and
manufacturing efficiency.

For further information on Celestica, visit its website at
www.celestica.com.

The company's security filings can also be accessed at www.sedar.com and
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 information technology 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 our restructuring and the
shift of production to lower cost geographies. These and other risks and
uncertainties and factors are discussed in the Company's various public
filings at 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.
As of its date, this press release contains all material information
associated with this event.

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