Celestica files form 20-F

    TORONTO, March 25 /CNW/ - Celestica Inc. (NYSE, TSX: CLS), a global
leader in the delivery of end-to-end supply chain solutions, today announced
that its annual report on form 20-F for the year ended December 31, 2007 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 20-F will receive these documents in the

    About Celestica
    Celestica is dedicated to delivering end-to-end supply chain solutions to
drive our customers' success. Through our simplified global operations network
and information technology platform, we are solid partners who deliver
informed, flexible solutions that enable our customers to succeed in the
markets they serve. Committed to providing a truly differentiated customer
experience, our agile and adaptive employees share a proud history of
demonstrated expertise and creativity that provides our customers with the
ability 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, our financial and or operational
results, and our financial or operational performance. Such forward-looking
statements are predictive in nature, and may be based on current expectations,
forecasts or assumptions involving risks and uncertainties that could cause
actual outcomes and results to differ materially from the forward-looking
statements themselves. Such forward-looking statements may, without
limitation, be preceded by, followed by, or include words such as "believes,"
"expects," "anticipates," "estimates," "intends," "plans," or similar
expressions, or may employ such future or conditional verbs as "may", "will",
"should," or "would," or may otherwise be indicated as forward-looking
statements by grammatical construction, phrasing or context. The risks and
uncertainties referred to above 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. Our
forward looking statements are also based on various assumptions by
management, which management believes are reasonable under the current
circumstances, but may prove to be inaccurate and many of which may involve
factors that are beyond the control of the Company.
    The material assumptions may include assumptions regarding the following:
forecasts from our customers, which range from 30 days to 90 days; general
economic and market conditions; currency exchange rates; product pricing
levels and competition; customer demand; supplier performance and pricing;
operational and financial matters; technological developments; and the
execution of our restructuring plan. These assumptions are based on
management's current views with respect to current plans and events, and are
and will be subject to the risks and uncertainties referred to above. These
and other risks, uncertainties, factors and assumptions 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. Forward-looking statements are provided for the purpose
of providing information about management's current expectations and plans
relating to the future. Readers are cautioned that such information may not be
appropriate for other purposes.
    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.

    %SEDAR: 00010284E

For further information:

For further information: Laurie Flanagan, Communications, (416)
448-2200, media@celestica.com; Paul Carpino, Investor Relations, (416)
448-2211, clsir@celestica.com

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