Autoliv Declares Dividend

Announces Meeting of Stockholders
(Stockholm, December 18, 2012) – – – The Board of Directors of Autoliv Inc.
(NYSE: ALV and SSE: ALIV sdb) – the worldwide leader in automotive safety
systems – today declared a quarterly dividend to shareholders of 50 cents per
share for the first quarter of 2013.

The dividend declared today will be payable on Thursday, March 7, 2013 to
Autoliv shareholders of record on the close of business on Thursday, February
21, 2013. The ex-date when the shares will trade without the right to the
dividend will be Tuesday, February 19.

The dividend paid to shareholders in the fourth quarter of 2012 – on December 6
– was also 50 cents per share. That dividend was an increase of 6% from the
dividend of 47 cents per share paid in each of the third and second quarters of
2012, which in turn was 4% higher than the dividend of 45 cents per share paid
in the first quarter of 2012.

The total dividend to be paid in the first quarter of 2013 will amount to
approximately $48 million, based on the current number of shares outstanding of
95.5 million.

Shareholder AGM

The Board of Directors set Tuesday May 7, 2013 as the date for the Annual
General Meeting of Shareholders to be held in Chicago, IL, USA.

Only holders of record at the close of business on March 11, 2013 will be
entitled to be present and vote at the Meeting. Notice of the General Meeting
will be mailed to the holders of record in the last week of March 2013.

Changes in the Board

Also at today's meeting, Prof. Walter Kunerth, who recently turned 72, offered
his resignation from the Board in accordance with Autoliv policy regarding
director age limits. The Board accepted his resignation, effective at the
conclusion of the Board meeting today, and thanked Prof. Kunerth for his long
and distinguished service to the Board since first being elected as a director
of Autoliv in 1998.

Under the rules of the New York Stock Exchange, listed companies with staggered
boards should, if possible, have classes of equal size. Following Prof.
Kunerth’s resignation, Dr. Wolfgang Ziebart, whose term as a director would have
otherwise expired in 2015, agreed to be reclassified to the class standing for
election in 2013. As a result, Autoliv now has three classes of directors, each
consisting of three directors.

Inquiries:
Jan Carlson, President and CEO, Tel. +46-8-587 20 600
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 approximately 80
facilities with more than 50,000 employees in 29 countries. In addition, the
Company has ten technical centers in nine countries around the world, with 21
test tracks, more than any other automotive safety supplier. Sales in 2011 grew
by 15% to US $8.2 billion. The Company'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, please
visit our company website at www.autoliv.com.

Safe Harbor Statement

This release contains statements that are not historical facts but rather
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995 (PSLRA). All such statements are based upon our
current expectations and various assumptions, and apply only as of the date of
this report. Our expectations and beliefs are express­ed in good faith and we
believe there is a reasonable basis for them. How­ever, there can be no
assurance that forward-looking statements will materialize or prove to be
correct. Because such state­ments involve risks and uncer­tainties, the outcome
could differ materially from those set out in the statements. For a summary of
such risk factors, please refer to our latest 10-K and 10-Q, and any amendments
thereto, filed with the SEC.  Except for our ongoing obligation to disclose
information under law, we under­take no obligation to update publicly any
forward-looking statements whether as a result of new informa­tion or future
events. For any forward-looking statements con­tained in this or any other
document, we claim the protection of the safe harbor for forward-looking
statements contained in the PSLRA.