Autoliv receives Excellence award from Volvo Car

(Stockholm, December 30, 2013) – – –Autoliv Inc – the worldwide leader in
automotive safety systems –  has received Volvo Car Corporation’s Excellence
award for the development of  the worlds-first pedestrian protection airbag. The
new airbag first debuted on the Volvo V40/XC40 and contributed to Volvo
achieving a top result in the EuroNCAP crash testing evaluation.
At the award ceremony in Sweden Lars Wrebo, Senior Vice President Purchasing and
Manufacturing at Volvo Car Group, recognized the excellent contribution from
Autoliv with the award.

“The excellent cooperation between Volvo and Autoliv has over the past 60 years
resulted in several ground-breaking safety innovations. We are proud to have
been recognized by Volvo, one of the most safety-minded vehicle manufacturers in
the world”, said Autoliv's CEO Jan Carlson who received the award.

According to the World Health Organization (WHO), vulnerable road users such as
pedestrians and cyclists represent nearly half of the annual 1.2 million road
fatalities in the world. The main cause for fatalities among pedestrians is head
injuries. Vehicle manufacturers have, in the past, mainly addressed the head
injuries by focusing on creating sufficient clearance between the hood and
structures in the engine compartment to allow the hood to act as a cushion.
Several studies suggest that this is not enough, since adult head injuries occur
even more frequently near the frames of the windshield.

Autoliv has together with Volvo developed the first outside airbag to provide
protection if the head of the pedestrian hits the windshield area. In a
collision with a pedestrian, the hood raises and a U-shaped airbag deploys upon
the windshield to cover the scuttle and the lower parts of the windshield as
well as the A-pillars to help cushion the blow to the head. Studies indicate
that the airbag can reduce head injuries and fatalities by more than a third in
frontal pedestrian collisions and thereby save thousands of vulnerable road
users lives every year.

Inquiries:

Henrik Kaar, Director Corporate Communications                       Tel +46-8
-587 20 614

Lars-Gunnar Jönsson, Business Director                                     Tel
+46-322-667 799
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 55,000 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 2012 amounted to US $8.3
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.