Autoliv reaches settlements in US Antitrust Class Actions

(Stockholm, Sweden, June 2, 2014) – – – Autoliv, Inc. (NYSE: ALV and SSE:
ALIVsdb) has entered into separate settlement agreements with three classes of
purchasers in antitrust class actions in the United States.
As previously disclosed, Autoliv and certain of its subsidiaries are defendants
in multiple putative antitrust class actions pending in the United States
District Court for the Eastern District of Michigan (the “MDL”). These class
actions are brought on behalf of three separate alleged classes of purchasers of
occupant safety systems in the United States, namely: direct purchasers, auto
dealers and “end-payors” (consumers).

In entering the settlement agreements, Autoliv does not admit any liability and
is settling for the purpose of avoiding the uncertainty, risk, expense and
distraction of further class action litigation in the MDL. Pursuant to the
settlement agreements, Autoliv has agreed to pay $40 million to the direct
purchaser settlement class, $6 million to the auto dealer settlement class, and
$19 million to the end-payor settlement class, for a total of $65 million.

The direct purchaser settlement amount is subject to potential downward
adjustments to a floor of $24 million based on the volume of Autoliv’s sales
represented by direct purchasers who elect to opt out from the settlement class.
Each settlement agreement gives Autoliv the option to void that settlement if
the opt-outs from the settlement class exceed varying thresholds.

Each settlement agreement also provides that the settlement class members will
release Autoliv, its subsidiaries, and its and their respective current and
former officers, directors and employees, from the claims and demands that were
or could have been asserted. Each settlement is subject to certain conditions
including court approval following notice to the settlement class members. If
approved, the settlements will resolve the claims asserted against Autoliv and
its subsidiaries on behalf of the three settlement classes. Autoliv expects to
record an expense of approximately $65 million in its second quarter 2014
results.

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 over 56,000 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 2013 amounted to US $8.8
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,
including without limitation, management’s examination of historical operating
trends and data, as well as estimates of future sales, operating margin, cash
flow, effective tax rate or other future operating performance or financial
results, 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. Because these forward-looking statements involve risks and
uncertainties, the outcome could differ materially from those set out in the
forward-looking statements for a variety of reasons, including without
limitation, the ability to obtain court approval of the settlements; changes in
global light vehicle production; fluctuation in vehicle production schedules for
which the Company is a supplier, changes in general industry and market
conditions, changes in and the successful execution of our capacity alignment,
restructuring and cost reduction initiatives discussed herein and the market
reaction thereto; loss of business from increased competition; higher raw
material, fuel and energy costs; changes in consumer and customer preferences
for end products; customer losses; changes in regulatory conditions; customer
bankruptcies or divestiture of customer brands; unfavorable fluctuations in
currencies or interest rates among the various jurisdictions in which we
operate; component shortages; market acceptance of our new products; costs or
difficulties related to the integration of any new or acquired businesses and
technologies; continued uncertainty in pricing negotiations with customers, our
ability to be awarded new business; product liability, warranty and recall
claims and other litigation and customer reactions thereto; higher expenses for
our pension and other postretirement benefits; work stoppages or other labor
issues; possible adverse results of pending or future litigation or infringement
claims; negative impacts of antitrust investigations or other governmental
investigations and associated litigation (including securities litigation)
relating to the conduct of our business; tax assessments by governmental
authorities and changes in our effective tax rate; dependence on key personnel;
legislative or regulatory changes limiting our business; political conditions;
dependence on and relationships with customers and suppliers; and other risks
and uncertainties identified under the headings “Risk Factors” and “Management’s
Discussion and Analysis of Financial Condition and Results of Operations” in our
Annual Reports and Quarterly Reports on Forms 10-K and 10-Q and any amendments
thereto. 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.