Autoliv elects new directors and declares increased dividend

(Stockholm, February 16, 2015) – – – Autoliv, Inc. (NYSE: ALV, and SSE: ALIV
sdb), the worldwide leader in automotive safety systems, has elected Ms. Aicha
Evans and Mr. David E. Kepler as new members of its board of directors. The
Board of Directors further declared a quarterly dividend of 56 cents per share
for the second quarter 2015, an increase of 2 cents per share from the previous
level.
New directors

Ms. Evans is Corporate Vice President of the Platform Engineering Group and
General Manager of the Wireless Platform Research and Development Group at Intel
Corporation. In her role Evans is responsible for driving platform engineering
for multi-comm products and platforms as well as emerging wireless technologies.
Prior to this role, she held the same title within the Mobile and Communications
Group. Since joining Intel in 2006 she has held a number of management positions
responsible for Intel's wireless efforts, including managing WiFi engineering
and product lines. Prior to Intel, Evans spent 10 years in various engineering
management positions at Rockwell Semiconductors, Conexant and Skyworks. Evans
received a bachelor's degree in computer engineering from The George Washington
University.

Mr. Kepler retired in late 2014 from the role as Executive Vice President, Chief
Sustainability Officer and Chief Information Officer of The Dow Chemical
Company. As CSO, Kepler was responsible for Environment, Health and Safety and
leading the company's commitment to sustainability. As CIO, a role he held for
fifteen years, Kepler was in the forefront of information technology deployment
in the industry. He is a recognized leader in areas such as cyber security, risk
management, value delivery, and provides advice and guidance across industry.
Kepler was appointed to the U.S. National Infrastructure Advisory Council that
advises the U.S. President on issues related to the security and resilience of
the Nation’s critical infrastructure sectors and their functional systems,
physical assets and cyber networks.

Kepler graduated from the University of California, Berkeley with a Bachelor’s
degree in Chemical Engineering. Today, he serves on the Board of Trustees of the
University of California, Berkeley Foundation. He is a member of the board of
directors of the Teradata Corporation, an analytical data solutions company, and
the TD Bank Group.

“I am pleased to welcome Aicha Evans and David Kepler to Autoliv's board of
directors. Each brings valuable experience from different fields that are all
very relevant for the future development of the Company”, said Jan Carlson,
Chairman, President & CEO of Autoliv.

Ms. Evans and Mr. Kepler were each elected to the board class with a term
expiring at the 2015 Annual General Meeting.

Autoliv’s Board has determined that Ms. Evans and Mr. Kepler are “independent”
according to the New York Stock Exchanges’ rules and regulations.

Dividend

The Board of Directors declared a quarterly dividend of 56 cents per share for
the second quarter 2015.

The dividend will be payable on Thursday, June 4, 2015 to Autoliv shareholders
of record on the close of business on Wednesday, May 20. The ex-date will be
Monday, May 18 for holders of the common stock listed on the New York Stock
Exchange (NYSE) and Tuesday, May 19 for holders of Swedish Depository Receipts
(SDRs) listed on the NASDAQ OMX, Stockholm.

Stockholders AGM

As previously announced, the Board of Directors has set Tuesday May 5, 2015 as
the date for the Annual General Meeting of Stockholders to be held in Chicago,
IL, USA.

Only stockholders of record at the close of business on March 9, 2015 will be
entitled to be present and vote at the 2015 Annual Meeting. Notice of the 2015
Annual Meeting will be delivered to the holders of record in late March.

All of the directors with terms expiring at the 2015 Annual Meeting (i.e. Aicha
Evans, David Kepler, Xiaozhi Liu, George Lorch and Kazuhiko Sakamoto) will be
nominated for re-election at the 2015 Annual Meeting. At its meeting today, the
board also approved an increase in the size of the board from nine to 10 members
effective as of the open of the polls at the 2015 Annual Meeting, and is in the
final stages of approving a sixth nominee to stand for election at this time.

Attached with the press release are photos of Ms. Aicha Evans and Mr. David E.
Kepler.
Inquiries:

Thomas Jönsson, Vice President Communications Tel +46 (8) 58 72 06 27
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 more than 80 facilities
with more than 60,000 employees in 28 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 2014 amounted to US
$9.2 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 report contains statements that are not historical facts but rather forward
-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements include those that address
activities, events or developments that Autoliv, Inc. or its management believes
or anticipates may occur in the future. All forward-looking statements are based
upon our current expectations, various assumptions and data available from third
parties. Our expectations and assumptions are expressed in good faith and we
believe there is a reasonable basis for them. However, there can be no assurance
that such forward-looking statements will materialize or prove to be correct as
forward-looking statements are inherently subject to known and unknown risks,
uncertainties and other factors which may cause actual future results,
performance or achievements to differ materially from the future results,
performance or achievements expressed in or implied by such forward-looking
statements. Numerous risks, uncertainties and other factors may cause actual
results to differ materially from those set out in the forward-looking
statements. The Company undertakes no obligation to update publicly or revise
any forward-looking statements in light 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 Private Securities Litigation Reform Act of 1995, and we assume no
obligation to update any such statement