Autoliv Diversifies Debt Portfolio

Autoliv Diversifies Debt Portfolio

Issues $400 million of Private Placement Notes

(Stockholm, Nov. 9, 2007) - Autoliv Inc. (NYSE: ALV and SSE: ALIV) - the
worldwide leader in automotive safety systems - today announced details for the
issuance and sale of $400 million of guaranteed senior notes by Autoliv Inc's
principal US operating subsidiary, Autoliv ASP Inc.

The guaranteed senior notes include 20 investors, consist of four series of
varying sizes maturing between 2012 and 2019 and are guaranteed by Autoliv Inc.
This inaugural issue meets the Company's funding objectives of extending its
maturity profile and diversifying its investor base. 

The original issue size of $200 million was increased to $400 million in
response to the very strong demand following road shows conducted across the
United States and in London. Despite this increase the offering was
oversubscribed.  

The Company has entered into swap arrangements with respect to the proceeds of
the notes offering. The maturity and interest rate profile of the notes
following these swaps is as follows:
- $110 million of five-year notes at 5.56%, 
- $90 million of seven-year notes at 5.81%
- $35 million of seven-year notes at LIBOR +0.81%
- $105 million of ten-year notes at LIBOR +0.94% and 
- $60 million of twelve-year notes at LIBOR +0.97%.

The proceeds of the notes will be used for repayment of existing indebtedness
and other general corporate purposes. HSBC and JP Morgan acted as joint-agents
for the transaction. All customary negotiations and regulatory approvals have
been concluded and the closing occurred on November 8, 2007. For further
details, please see the Company's Form 8-K as filed with the Securities and
Exchange Commision on November 9, 2007 or please contact the individuals
mentioned below. 


Inquiries:
Hannes Wadell, Treasurer, Tel. +46 (8) 587 20655, or mob. +46 (733) 86 99 77
Ray Pekar, Director Investor Relations and Business Development, Tel. +1 (519)
973-3799


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 80 facilities with
approximately 42,000 employees in 28 vehicle-producing countries. In addition,
the Company has technical centers in twelve countries around the world,
including 21 test tracks, more than any other automotive safety supplier. Sales
in 2006 amounted to US $6.2 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).