Celestica Updates Guidance for Fourth Quarter

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Celestica Inc. (NYSE, TSX: CLS), a world leader in electronics manufacturing services (EMS), today announced an update to its financial guidance for the fourth quarter ending December 31, 2006.

Based on its current estimates, the company now expects revenue in the range of $2.20 to $2.25 billion, and adjusted net earnings per share of $0.00 to $0.06. The company's previous guidance for the fourth quarter, which was provided on October 26, 2006, was for revenue of $2.25 to $2.45 billion and $0.15 to $0.23 adjusted net earnings per share.

The revision in revenue is due to recent demand reductions from several customers. Included in the revised adjusted net earnings per share is an expected net charge of between $0.08 to $0.12 resulting predominantly from an increase in inventory provisions at the Monterrey, Mexico facility.

The company will hold a conference call today, Tuesday, December 12 at 9:30 am Eastern to discuss the updated guidance.

To participate in the conference call, please dial (416) 644-3419 or 1(800) 814-4861. To ensure your participation, please call in approximately 10 minutes prior to the scheduled start of the call.

For those unable to participate, a taped rebroadcast will be available approximately two hours after the completion of the call until midnight on December 19th. To access the rebroadcast, dial (416) 640-1917 or 1(877) 289-8525 and enter passcode 21213190.

The company's fourth quarter results will be released on January 30, 2007.

About Celestica

Celestica is a world leader in the delivery of electronics manufacturing services (EMS). Celestica operates a 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).

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



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