Autoliv to Increase its Share Buyback Pace

Autoliv to Increase its Share Buyback Pace

(Stockholm, July 30, 2008) --- Following the announcement of the agreed
acquisition of the automotive radar sensors business of Tyco Electronics Ltd,
Autoliv Inc. (NYSE: ALV), the worldwide leader in automotive safety, intends to
increase the rate of share repurchases given the current price of the Company. 

 Jan Carlson, Autoliv's President and Chief Executive Officer said: “This is in
line with our stated “opportunistic” buyback philosophy . Simply put, we aim to
buy more shares when we believe the timing is right and the price is attractive.
Working with our external financial advisers we continuously analyse the market
situation and in light of recent stock market developments we believe the timing
is right and that our shareholders are best served by us using our very strong
balance sheet position to increase our repurchases again.”

The current repurchase mandate authorizes the Company's management to repurchase
another 4.9 million shares at a pace it deems best for the Company and its
long-term shareholders, since there is no expiration date of the repurchase
mandate.

Autoliv publishes daily the repurchase program activity of the previous day on
its corporate website.

Inquiries:
Mr. Jan Carlson, President and CEO. +468-587 20 656
Ray Pekar, Director Business Development and Investor Relations, Tel
+519-973-3799 



“Safe Harbor Statement”
Statements in this report that are not statements of historical facts may be
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act. These statements involve risks and uncertainties,
including - but not limited to - the economic outlook for the Company's markets,
fluctuation of foreign currencies, fluctuation in vehicle production schedules
for which the Company is a supplier, continued uncertainty in program awards and
performance, the financial results of companies in which Autoliv has made
technology investments, pricing negotiations with customers, fluctuating fuel
and commodity prices and other costs, supply issues, product liability, warranty
and recall claims, dependence on customers and suppliers, and other factors
discussed in Autoliv's filings with the Securities and Exchange Commission
(SEC). We do not intend or assume any obligation to update any of these
statements.