Autoliv Raises Dividend - Again Announces Shareholder AGM

Autoliv Raises Dividend - Again

Announces Shareholder AGM

(Stockholm, December 16, 2010) - - - The Board of Directors of Autoliv
Inc. (NYSE: ALV and SSE: ALIV sdb) - the worldwide leader in automotive
safety systems - today declared a 14% increase in the Company's
quarterly dividend to shareholders. This follows upon an increase of 17%
in the previous quarter.

The Board set May 10, 2011 for the Company's next Meeting of
Shareholders.

Dividend

The dividend declared today will be 40 cents per share and be payable on
Thursday, March 3, 2011 to Autoliv shareholders of record on the close
of business on Thursday February 3, 2011. The ex-date when the shares
will trade without the right to the dividend will be Tuesday February 1,
2011.

Thanks to the Company's solid balance sheet, efficient cash management
and rapid recovery from the financial crisis, Autoliv could resume
dividend payments to shareholders already in the third quarter this year
- paying 30 cents per share - and then declaring a 17% dividend increase
to 35 cents in the fourth quarter. The additional increase declared
today of 14% to 40 cents raises the dividend per share almost back to 41
cents, the highest dividend per share Autoliv declared before the
financial crisis. However, the total dividend amount paid in the first
quarter 2011 of $36 million will be 24% higher than the previous record
level of $29 million paid in the third and fourth quarters 2008 as there
are more shares outstanding.  

Shareholder AGM 

The Board of Directors has set Tuesday May 10, 2011, as the date for the
Annual General Meeting of Shareholders to be held in Chicago, IL, USA.

Only holders of record at the close of business on March 14, 2011 will
be entitled to be present and vote at the Meeting. Notice of the General
Meeting will be mailed to the holders of record shortly after the record
date.

Inquiries:
Jan Carlson, President and CEO, Tel. +46-8-587 20 600