Autoliv Elects New Board Member

Autoliv Elects New Board Member

(Stockholm, February 27, 2012) – – – Autoliv Inc. – the global leader in
automotive safety systems – has elected Mr. Bo Andersson as a new member to its
Board of Directors.

Mr. Andersson has a long and impressive career in the automotive industry. For
the past three years, he has, as President and CEO, led the turnaround of the
GAZ Group, the leading manufacturer of commercial vehicles in Russia, with
expected sales of $4.4 billion in 2011.

Prior to joining GAZ, Mr. Andersson pursued a successful career at General
Motors. He was on the corporate management team from 2001 to 2009, and became
Group Vice President of Global Purchasing and Supply Chain, responsible for a
global budget of nearly $100 billion. Mr. Andersson began his automotive career
at Saab in 1987. He was appointed Vice President of purchasing in 1990, and
transitioned from Saab to GM in 1993, as Executive Director of Global Purchasing
for the Electrical Component Group. During his tenure with General Motors, Mr.
Andersson worked in several countries, and had responsibility for all areas of
purchasing and supply chain.

Bo Andersson, who was born in 1955, holds a bachelor’s degree in Business
Administration from the Stockholm University and graduated from the Senior
Management Program at Harvard University in 1999.

GAZ is a customer of Autoliv. Autoliv had approximately $3.3 million in total
sales to GAZ in 2011, which was 0.04% of the Company’s turnover and 0.08% of
GAZ’s sales. Autoliv’s Board has determined Mr. Andersson is “independent”
according to the New York Stock Exchanges’ rules and regulations.  

Attached with the press release you will find a photo of Mr. Bo Andersson.

Inquiries:

Bo Andersson,           Tel +7 (910) 896-0000
Jan Carlson,               Tel +46-8-587 20 600