Autoliv announces pricing of private placement of long-term debt securities

(Stockholm, March 17, 2014) – – – Autoliv, Inc. today announced that the Company
expects to issue $1.25 billion of long term debt securities. Autoliv first
announced its intention to issue long term debt on February 19, 2014.
The offering is part of the Company’s previously communicated strategy of
adjusting its capital structure. The Company currently intends to use the
proceeds of the offering to refinance existing debt in light of scheduled
maturities and for general corporate purposes.

Autoliv currently anticipates that the senior notes planned to be issued would
have an average interest rate of 3.84%, and consist of:

$208 million of 5 year senior notes with an interest rate of 2.84%,

$275 million of 7 year senior notes with an interest rate of 3.51%,

$297 million of 10 year senior notes with an interest rate of 4.09%,

$285 million of 12 year senior notes with an interest rate of 4.24%, and

$185 million of 15 year senior notes with an interest rate of 4.44%.

Autoliv has received initial commitments from the expected purchasers of the
notes. However the issuance of the notes is subject to execution of the
definitive documentation and funding of the commitments, which is expected to
take place during the second quarter of 2014.

Autoliv offered the notes principally to institutional investors in an offering
made pursuant to the exemption from registration requirements under Section
4(a)(2) of the Securities Act of 1933, as amended (the “Act”).

The offering has not been and will not be registered under the Act and may not
be offered or sold in the United States absent registration or an applicable
exemption from the registration requirements of the Act. The Company intends
this notice to comply with Rule 135c of the Act and, accordingly, this notice
does not constitute an offer to sell or the solicitation of an offer to buy any
security and shall not constitute an offer, solicitation or sale of any
securities in any jurisdiction in which such offer, solicitation or sale would
be unlawful.

Inquiries:

Thomas Jönsson, VP Corporate Communications:                       +46 8 587 206
27

Ray Pekar, Director Investor Relations:
+1 248 475 0427
CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS

This release 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, Autoliv’s expected issuance of
securities, including the expected principal amount, interest rate, issuance
date and maturity date of such securities, as well as the use of proceeds
thereof, are based upon our current expectations and various assumptions. 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 our
business and operations, changes in general industry and market conditions, our
ability to agree to definitive documentation with investors, our ability to
satisfy the closing conditions of the offering, the willingness of investors to
complete the offering, 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; unfavourable 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 labour
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.