Celestica named by CIO magazine as one of the CIO 100 award honourees

    Award recognizes Celestica for its innovative use of information
    technology to drive flexibility, visibility and simplicity through its
    supply chain

    TORONTO, June 5 /CNW/ - Celestica Inc. (NYSE, TSX: CLS), a global leader
in the delivery of end-to-end product lifecycle solutions, today announced it
has been named a recipient of the 2008 CIO 100 by CIO magazine. The 21st
annual award program recognizes organizations around the world that exemplify
the highest level of operational and strategic excellence in information
technology (IT).
    Celestica is being recognized by CIO magazine for deploying
Liveshare (TM), an innovative e-collaboration tool, powered by E2open's
multi-enterprise value network solution. Synchronizing and managing processes
through LiveShare has enabled Celestica to work more effectively with its
global suppliers by providing enhanced end-to-end communication and supply
chain visibility, quick and more accurate execution data, and increased
productivity in the procurement process. As a result, Celestica is enhancing
the level of responsiveness and flexibility it is providing to its customers.
    "Our customers are looking to Celestica for product lifecycle solutions
that will help them stay ahead in a dynamic world and adapt to changes
quickly," said Craig Muhlhauser, President and Chief Executive Officer,
Celestica. "By developing a highly-visible supply chain, supported by
innovative IT solutions and a strong global technology platform, we are able
to anticipate and prepare for unexpected changes and respond quickly. We are
proud that our IT achievements are being recognized by CIO magazine."
    "The CIO 100 honors organizations that have used technology in innovative
ways to generate value to the business," said Abbie Lundberg, Editor in Chief
of CIO magazine. "Unlike other top lists, it's not just about who's
biggest-it's about who's doing the most interesting and relevant things."
    The 2008 CIO 100 awards will be presented in Colorado Springs, Colorado,
on August 26 at the conclusion of the tenth annual CIO 100 Symposium(R) and
Awards Ceremony.

    About the CIO 100
    The recipients of this year's CIO 100 award were selected through a
three-step process. First, companies filled out an online application form
detailing their innovative practices in both business and IT. Next, a team of
judges reviewed the applications in depth, looking for unique practices and
substantial results. Finally, CIO editors reviewed the judges' recommendations
and voted on the final 100. Once the top 100 honorees were selected, several
honorees were chosen to receive an additional special award.
    Complete coverage of the 2008 CIO 100 awards will be in the August 15
issue of CIO magazine and available online at www.cio.com on June 1.

    About CIO Magazine
    CIO produces award-winning content and community resources for
information technology executives thriving and prospering in this fast-paced
era of business, as well as create opportunities for information technology
and consumer marketers to reach them. The CIO portfolio includes CIO.com, CIO
magazine (launched in 1987), CIO Executive Programs and the CIO Executive
Council. CIO properties provide business technology leaders with analysis and
insight on information technology trends and a keen understanding of IT's role
in achieving business goals. The U.S. edition of the magazine and website are
recipients of more than 200 awards to date, including three Grand Neals from
the Jesse H. Neal National Business Journalism Awards and two Magazine of the
Year awards from the National Society of Business Publication Editors. CIO
websites and magazines appear in more than 25 countries, including Australia,
Canada, China, France and Germany. CIO, and sister brand CSO, are produced by
CXO Media a subsidiary of International Data Group (IDG), the world's leading
technology media, research and event company.

    About Celestica
    Celestica is dedicated to delivering end-to-end product lifecycle
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.

    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: 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: Pam White, Manager, External Communications,
Celestica, Phone: (416) 448-2200, Email: pamw@celestica.com

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