P R E S S R E L E A S E (Tallinn, 2010-03-24) - - - The Supervisory Council of AS Norma today decided to issue an opinion on the offer from the Autoliv group to acquire all outstanding shares in AS Norma. After considering the relevant facts, the Council concluded that in light of the current trends in the highly competitive global automotive industry, a full integration of Norma's operations with Autoliv may improve Norma's ability to develop a strong and sustainable market position in the European automotive subsystem- and components business. In a comment to the opinion, the Council explained: Norma's current business is highly dependent on Russia and Autoliv group. Based on CSM and other market institutes, Norma's Russian business is not expected, in several years, to reach the levels before the crisis. In addition, Norma's main customer, Autovaz, has formed an alliance with Renault. This means that new Autovaz business probably will be part of global contracts, where Norma can be more successful if fully integrated with the global leader in automotive safety, Autoliv group. Furthermore, also for its second largest business - seatbelts for Volvo - Norma is already highly dependent on Autoliv group. To take advantage of Norma's unique engineering and manufacturing expertise, the Norma has begun to invest and expand as a supplier of engineered components for the European automotive industry. The most recent example of this strategy is the EEK50 million plant currently under construction in Tallinn. As part of its offer, Autoliv group has declared its intention to support and to accelerate Norma's growth in this business area. The Supervisory Council of Norma therefore concluded that a full integration with Autoliv is in the best interest of Norma and its employees. For additional information: Halvar Jonzon, Chairman of the Supervisory Council, Tel. +46-706-63 65 67 About Norma Norma's Supervisory Council consists of three members from Autoliv and three independent board members. Norma's main field of activity is production and sale of car safety systems, including seatbelts and their components, for the Russian market, and niche-type customers as well as assembly of seatbelts for Volvo as a subcontractor to Autoliv. Norma also manufactures components for Autoliv and other global safety systems suppliers, as well as tools for plastic injection molding and stamped steel parts. AS Norma also offers engineering services related to design and tooling of car safety systems and seatbelts. About Autoliv Autoliv Inc., the worldwide leader in automotive safety systems, develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures, Autoliv has 80 facilities with approximately 38,000 employees in 29 vehicle-producing countries. In addition, Autolive group has technical centers in ten countries around the world, with 21 test tracks, more than any other automotive safety supplier. Sales in 2009 amounted to US $5.1 billion. Autolive Inc's shares are listed on the New York Stock Exchange (NYSE: ALV) and its Swedish Depository Receipts on the OMX Nordic Exchange in Stockholm (ALIV sdb). For more information about Autoliv group, please visit our company website at www.autoliv.com.