Autoliv Prices Common Share / Equity Unit Offering for an Aggregate of $364 Million


Autoliv Prices Common Share / Equity Unit Offering for an Aggregate of $364
Million

(Stockholm, March 25, 2009) - - - Autoliv Inc. (the “Company”) - the global
leader in automotive safety systems - today announced that it has successfully
priced its public offerings of common stock and equity units. The offerings were
made pursuant to the Company's registration statement and prospectuses filed
with the Securities and Exchange Commission. Total proceeds from the offerings
are $364 million.  

The Company announced that it has agreed to sell 13.4 million treasury shares of
its common stock at a public offering price of $16.00 per share and 6.0 million
equity units at a stated amount of $25.00 per unit. The Company has also granted
the underwriters an option to purchase up to an additional 1.34 million shares
of common stock and up to an additional 600,000 equity units on the same terms
and conditions to cover over-allotments, if any.

The equity units will initially consist of a forward purchase contract and a
2.5% undivided beneficial ownership interest in $1,000 principal amount senior
notes due 2014. Under the purchase contract, holders are required to purchase
shares of the Company's common stock no later than April 30, 2012. The reference
price of the equity units is $16.00 and the threshold appreciation price of the
equity units is $19.20, which represents a premium of 20%. The cash coupon of
the equity units is 8%.

The offerings are expected to settle on March 30, 2009, subject to customary
closing conditions. The closing of each offering is not contingent on the
closing of the other.
Morgan Stanley & Co. Inc. is acting as sole bookrunner for both offerings.

Inquiries: 
Jan Carlson, President & CEO, Autoliv Inc +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 ~80 facilities with
~37,000 associates in 31 vehicle-producing countries. In addition, the Company
has 13 technical centers in 11 countries around the world, including 21 crash
test tracks, more than any other automotive safety supplier. Sales in 2008
amounted to US $6.5 billion. The Company's shares are listed on the New York
Stock Exchange (NYSE: ALV) and its Swedish Depository Receipts on NASDAQ OMX
Stockholm (SSE: ALIV SDB).

This press release does not constitute an offer to sell or the solicitation of
an offer to buy any common shares, any equity units or any other securities, nor
will there be any sale of common shares, equity units or any other securities in
any state or jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of any
such state or jurisdiction.

Attachments

03252012.pdf