Autoliv appoints Chairman of the Board and Lead Independent Director

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| Source: Autoliv Inc.
(Stockholm, Sweden, May 5, 2014) – – – The Board of Directors of Autoliv, Inc.
(NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems,
at a meeting on May 4, 2014, elected Mr. Jan Carlson to serve as its new
Chairman of the Board, effective immediately.  Since April 3, 2014, Mr. Carlson
has been serving as Interim Chairman following the resignation of the previous
Chairman Mr. Lars Nyberg.
Mr. Carlson is the President and Chief Executive Officer of Autoliv, a position
he has held since 2007. The Board believes that Mr. Carlson’s long experience
with Autoliv, including the extensive knowledge of the Company he has gained
through his service as President and Chief Executive Officer, as well as his
deep knowledge of the auto industry, make him the best choice for Chairman at
this time.

Jan Carlson joined Autoliv in 1999. Prior to becoming the President and CEO he
has held the positions of President Europe, President Electronics and Vice
President Engineering. He is additionally a board member of BorgWarner Inc. and
Trelleborg AB.

At the same meeting, the Board approved amendments to the Company’s Corporate
Governance Guidelines to provide for a Lead Independent Director if the position
of Chairman is held by an officer of the Company. The Lead Independent Director
will generally be responsible for ensuring that the views of the independent
directors are adequately considered and weighed in the Board’s decision-making
process, and to perform the specific duties set out in the amended Corporate
Governance Guidelines. Consistent with the Company’s commitment to strong
corporate governance, the Board believes that appointing a Lead Independent
Director will counterbalance any issues and concerns related to the Board having
a non-independent Chairman.

Because Mr. Carlson is both an officer of the Company and the Chairman, pursuant
to the amended Corporate Governance Guidelines, at the same meeting, the
independent members of the Board selected Mr. George Lorch to serve as the Lead
Independent Director, effective immediately. Mr. Lorch has been a director of
the Company since June 2003 and currently is the Chairman of the Nominating and
Corporate Governance Committee.

A copy of the amended Corporate Governance Guidelines is available at the
Company’s website at the following address:
http://www.autoliv.com/AboutUs/Governance/Pages/Ethics-and-Policies.aspx.

Inquiries:

Thomas Jönsson, Vice President Communications      Tel +46 (8) 58 72 06
27
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 over 56,000 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 2013 amounted to US $8.8
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 Statement

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. Such forward-looking statements include those that address
activities, events or developments that Autoliv, Inc. or its management believes
or anticipates may occur in the future. All forward-looking statements,
including without limitation, management’s examination of historical operating
trends and data, as well as estimates of future sales, operating margin, cash
flow, effective tax rate or other future operating performance or financial
results, are based upon our current expectations, various assumptions and data
available from third parties. 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 forward-looking statements are inherently subject to
known and unknown risks, uncertainties and other factors which may cause actual
future results, performance or achievements to differ materially from the future
results, performance or achievements expressed in or implied by such forward
-looking statements. Because these forward-looking statements involve risks and
uncertainties, the outcome could differ materially from those set out in the
forward-looking statements for a variety of reasons, including without
limitation, changes in global light vehicle production; fluctuation in vehicle
production schedules for which the Company is a supplier, changes in general
industry and market conditions, changes in and the successful execution of our
capacity alignment, restructuring and cost reduction initiatives discussed
herein and the market reaction thereto; loss of business from increased
competition; higher raw material, fuel and energy costs; changes in consumer and
customer preferences for end products; customer losses; changes in regulatory
conditions; customer bankruptcies or divestiture of customer brands; unfavorable
fluctuations in currencies or interest rates among the various jurisdictions in
which we operate; 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 pricing negotiations with
customers, our ability to be awarded new business; product liability, warranty
and recall claims and other litigation and customer reactions thereto; higher
expenses for our pension and other postretirement benefits; work stoppages or
other labor issues; possible adverse results of pending or future litigation or
infringement claims; negative impacts of antitrust investigations or other
governmental investigations and associated litigation (including securities
litigation) relating to the conduct of our business; tax assessments by
governmental authorities and changes in our effective tax rate; dependence on
key personnel; legislative or regulatory changes limiting our business;
political conditions; dependence on and relationships with customers and
suppliers; and other risks and uncertainties identified under the headings “Risk
Factors” and “Management’s Discussion and Analysis of Financial Condition and
Results of Operations” in our Annual Reports and Quarterly Reports on Forms 10-K
and 10-Q and any amendments thereto. The Company undertakes no obligation to
update publicly or revise any forward-looking statements in light 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 Private Securities Litigation Reform
Act of 1995, and we assume no obligation to update any such statement.