Autoliv announces new operating structure

(Stockholm, August 13, 2014) – – – Autoliv, the world-wide leader in automotive
safety, today announced a new operating structure in order to more effectively
manage its business operations.

During the last five years Autoliv has grown significantly. The new operating
structure announced today creates an organization that will fit the current
scope and size of Autoliv and allow for further growth of the Company. It will
also strengthen the implementation of the Company’s core strategies.

The new operating structure will be introduced in phases and will, when
finalized, create two business segments: Passive Safety and Electronics.

The Passive Safety product organization, effective September 1, will be
responsible for all regional operations with respect to all our passive safety
products, including airbag and seatbelt products.

The Electronics product organization, effective September 1, will include
Autoliv’s active safety products. Beginning January 1, 2015, passive safety
electronics will be transitioned from Passive Safety to the new Electronics
product organization.

This new operating structure reflects the increased importance of Autoliv’s
electronics related business. The heads of Passive Safety and of Electronics
will report directly to the CEO.

As a result of the changes to Autoliv’s operating structure, beginning in
January 2015, Autoliv will have two operating segments and two reportable
segments for financial reporting purposes. Commencing with Autoliv’s quarterly
report on Form 10-Q for the period ending March 31, 2015, the Company will
report its results under two segments – Passive Safety and Electronics.

Additionally, as of September 1, two new global functional units, Sales &
Engineering and Product & Process Development, will be created to further
support Autoliv’s operating segments and the execution of its core strategies.

The heads of the Sales & Engineering and of Product & Process Development will
report directly to the CEO.

“Today we take the next step in the development of our Company. Over the last
five years, we have experienced significant growth and we are making these
changes in order to more effectively manage the current scope of our business as
well as to allow for our future growth. In addition, the creation of a more
global, integrated organization will help us deliver on our core strategies,
with quality as our number one priority,” said Jan Carlson, Chairman, President
and CEO of Autoliv.

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 close to 60,000
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.