In practical application, an appearance of low temperature superplasticity is one of necessaries conditions. In this paper, to estimate an appearance and deformation mechanisms of this superplasticity, the role of grain boundary sliding, intragranular deformation and the change of microstructure during superplastic deformation have been investigated for ultrafine-grained Al-Mg alloy with a grain size of less than 1 μm using Multi-Axial Alternative Forging (MAF) technique. In these materials, it shows that the elongation and strain rate sensitivity (m-value) were 340% and 0.39, respectively, at 473 K under a strain rate of 2.8×10⁻³ s⁻¹. These result shows that superplastic appearance is possible at 473 K. The void formed at 473 K elongated in parallel to the tensile direction, with a length of 15 μm and a width of 5 μm. The intragranular deformation contribution was estimated from the aspect ratio of the grains after deformation and its contribution ratio was about 43%. Therefore, for the appearance of lower temperature superplasticity with large elongation and m-value, the role of intragranular deformation was the most important factor together with grain boundary sliding under these conditions. As described above, the MAF technique is one of the most effective methods to produce ultrafine-grained material and appearance of lower temperature superplasticity.