Autoliv Declares Dividend and Holds Annual General Meeting

 (Stockholm, May 8, 2012) – – – The Board of Directors of the worldwide leader
in automotive safety systems, Autoliv Inc. (NYSE: ALV, and SSE: ALIV sdb), today
declared a quarterly dividend of 47 cents per share for the third quarter 2012.
The dividend will be payable on Thursday, September 6, 2012 to Autoliv
shareholders of record on the close of business on Wednesday, August 22. The ex
-date when the shares will trade without the right to the dividend will be
Monday, August 20.

Shareholders Meeting

At the Company’s Annual General Meeting (AGM) of Stockholders in Chicago, held
today, May 8, sufficient votes in favor were received to approve the following
proposals:

-          The re-election of Dr. Xiaozhi Liu, Mr. George A. Lorch, Mr. Kazuhiko
Sakamoto and Dr. Wolfgang Ziebart as directors of the Board for a regular three
-year term ending at the Annual General Meeting in 2015, with each of them
receiving a majority of the votes cast on his or her election;

-          The non-binding resolution to approve the Company’s 2011 executive
compensation;

-          The proposed amendments to the 1997 Stock Incentive Plan;

-          The ratification of the appointment of Ernst & Young AB as Autoliv’s
independent auditing firm for the fiscal year ending December 31, 2012.

Inquiries:
Jan Carlson, President and CEO, Autoliv Inc.
                                                 Tel +46-8-587 20 600
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 nearly 50,000 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 2011 grew by 15% to US $8.2
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

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 (PSLRA). All such statements are based upon our current
expectations, various assumptions, and data available from third parties and
apply only as of the date of this report. 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 these assumptions are inherently subject
to risks and uncertainties and contingencies which are difficult or impossible
to predict and are beyond our control, such as, without limitation, changes in
and the successful execution of our restructuring and cost reduction initiatives
discussed herein and the market reaction thereto, changes in general industry
and market conditions, increased competition, higher raw material, fuel and
energy costs, changes in consumer and customer preferences for end products,
customer losses, customer bankruptcies, consolidations or restructuring,
divestiture of customer brands, fluctuation in currencies or interest rates,
fluctuation in vehicle production schedules for which the Company is a supplier,
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 program awards and performance, the
financial results of companies in which Autoliv has made technology investments
or joint venture arrangements, pricing negotiations with customers, our ability
to be awarded new business, increased costs, supply issues, product liability,
warranty and recall claims and other litigation and customer reactions thereto,
possible adverse results of pending or future litigation or infringement claims,
negative impacts of governmental investigations and litigation relating to the
conduct of our business, tax assessments by governmental authorities, dependence
on key personnel, legislative or regulatory changes, political conditions,
dependence on customers and suppliers, as well the risks identified in Item 1A
“Risk Factors” in our Annual Report and Quarterly Report on Forms 10-K and 10-Q
and any amendments thereto. Except for the Company’s ongoing obligation to
disclose information under the U.S. federal securities laws, the Company
undertakes no obligation to update publicly or revise any forward-looking
statements whether as a result 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
PSLR and we assume no obligation to update any such statements.