Autoliv Raises Dividend to a Record Level

Autoliv Raises Dividend to a Record Level

Announces Annual Meeting of Stockholders

(Stockholm, February 21, 2012) – – – The Board of Directors of Autoliv, Inc.
(NYSE: ALV and SSE: ALIV sdb) – the worldwide leader in automotive safety
systems – today raised the Company’s quarterly dividend to stockholders by two
cents to 47 cents per share for the second quarter 2012, an increase of 4.4%
from the previous quarter.

The dividend declared today will be payable on Thursday, June 7, 2012 to Autoliv
stockholders of record on the close of business on May 23, 2012. The ex-date,
when the shares will trade without the right to the dividend, will be Monday,
May 21.

The dividend amount paid to stockholders is expected to be close to $45 million,
an increase of nearly $5 million, or approximately 10%, from the dividend paid
in the first quarter. In addition to the higher dividend per share, the increase
in the dividend amount is due to the fact that there will be approximately 6%
more shares outstanding on the record date for the second quarter, primarily
resulting from the settlement of equity units on April 30, 2012.

Shareholder AGM

The Board of Directors has set Tuesday, May 8, 2012 as the date for the Annual
General Meeting of Stockholders to be held in Chicago, IL, USA.

Only holders of record at the close of business on March 12, 2012 will be
entitled to be present and vote at the Annual Meeting. Notice of the Annual
Meeting will be mailed to the holders on approximately March 26, 2012.

All of the directors with terms expiring at the 2012 Annual Meeting (Dr. Xiaozhi
Liu, Mr. George A. Lorch, Mr. Kazuhiko Sakamoto and Dr. Wolfgang Ziebart), will
be nominated for re-election at the Annual Meeting.

Inquiries:
Jan Carlson, President and CEO, Tel. +46-8-587 20 600