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CELESTICA COLLABORATES WITH MICROSOFT ON THE DEVELOPMENT OF THE BEE3 PLATFORM PROTOTYPES

Platform that Enables Emulation of a Multi-Core Processor Environment with at least 1000 Cores to be Demonstrated at Microsoft’s Techfest in Redmond, WA on March 4, 2008

March 4, 2008

TORONTO, Ontario - Celestica Inc. (NYSE, TSX: CLS), a global provider of innovative electronics manufacturing services (EMS), today announced it has collaborated with Microsoft on the design of the BEE3, Berkeley Emulation Engine 3rd version, to improve the ability of Microsoft and other companies to conduct computer architecture research.

Microsoft’s BEE3 development platform enables emulation of a multi-core processor environment with at least 1000 cores.  This is accomplished by four interconnected field-programmable gate arrays (FPGAs) linked to a variety of high-speed interfaces. The platform can scale smoothly from a single board to 64 boards or 256 FPGAs. The BEE3 platform enables large-scale architectural research in areas such as ECAD tool acceleration, scientific computing and computer architecture emulation.

“We are dedicated to developing new and innovative technologies that will shape the future computing experience,” said Chuck Thacker, Microsoft Technical Fellow. “The production of the BEE3 platform required a deep understanding of complex high speed design and production. Based on our experience with Celestica, we knew their engineering talent, experience and CoreSimTM design tools would ensure successful development of this innovative platform.”

Celestica collaborated with Microsoft on the design and manufacturing of the prototypes.  Specifically, Celestica was responsible for the detailed hardware specification, schematic capture, layout, signal integrity analysis, static timing analysis, schematic modeling, design for test and manufacturing.

““We are delighted Microsoft chose to utilize our expertise in design to develop this innovative technology that could contribute to the future of computing,” said Brian Lau, Vice President, Microsoft Global Customer Business Unit, Celestica. “We have a strong track record supporting Microsoft and are proud of our ability to provide a broad range of services to meet their needs including engineering, design, manufacturing, fulfillment and after-market services.”

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, we deliver competitive advantage to companies in the computing, communications, consumer, industrial, and aerospace and defense end markets. Our 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 www.celestica.com

The company's security filings can also be accessed at www.sedar.com and www.sec.gov.

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. 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.

Contacts:

Pam White
Celestica Global Communications
(416) 448-2200
media@celestica.com