Celestica files form 20-F

    TORONTO, March 20 /CNW/ - Celestica Inc. (NYSE, TSX: CLS), a world leader
in electronics manufacturing services (EMS), today announced that its annual
report on form 20-F for the year ended December 31, 2006 has been filed with
the United States Securities and Exchange Commission.
    The annual report on form 20-F can be accessed on the company's website
at www.celestica.com. The form 20-F can also be viewed at http://www.sedar.com
and the Edgar Filing on http://www.sec.gov.com.
    The company's shareholders are entitled to receive copies of the Form
20-F free of charge. Shareholders can request the document on the Investor
Relations page of Celestica's website at www.celestica.com. Shareholders who
have already requested copies of Form-20F will receive these documents in the

    About Celestica
    Celestica is dedicated to providing innovative electronics manufacturing
services that accelerate our customers' success. Through our efficient global
manufacturing and supply chain network in Asia, Europe and the Americas, we
deliver competitive advantage to companies in the computing, communications,
consumer, industrial, and aerospace and defense sectors. Our 42,000 employees
share a proud history of proven expertise and creativity that provides our
customers with the flexibility to overcome any challenge.
    For further information on Celestica, visit its website at
    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. Such statements are predictive in nature,
depend upon or refer to future events or conditions, or include words such as
"expects", "believes", "intends", or future or conditional verbs such as
"may", "will", "should" and "would". These risks and uncertainties include,
but are not limited to: variability of operating results among periods;
inability to retain or grow our business due to execution problems resulting
from significant headcount reductions, plant closures and product transfer
associated with major restructuring activities; the effects of price
competition and other business and competitive factors generally affecting the
EMS industry; the challenges of effectively managing our operations during
uncertain economic conditions; our dependence on a limited number of
customers; our dependence on industries affected by rapid technological
change; the challenge of responding to lower-than-expected customer demand;
our ability to successfully manage our international operations; and delays in
the delivery and/or general availability of various components used in the
manufacturing process. These and other risks and uncertainties and factors are
discussed in the Company's various public filings at www.sedar.com and
www.sec.gov, including our 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.

    %SEDAR: 00010284E

For further information:

For further information: Investor Relations Contact, Donna Singh,
clsir@celestica.com, (416) 448-2211; Media Contact, Kristy Bailey,
media@celestica.com, (416) 448-2200

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