Autoliv Nominates Directors for Election at the 2019 Annual Stockholders Meeting and Announces Agreement with Cevian - Seite 2

"I am pleased that we are nominating Ms. Min Liu for election to Autoliv's Board of Directors. We believe that she will bring valuable insights on behalf of our largest stockholder as well as financial and industry expertise that will contribute to our business mission," said Jan Carlson, Chairman of the Board of Directors of Autoliv, Inc.

Autoliv's Board has determined that Ms. Liu is "independent" according to the New York Stock Exchange's rules and regulations.

Autoliv's Board also approved an increase in the size of the Board from nine to ten members effective as of the open of the polls at the 2019 Annual Meeting in conjunction with its decision to nominate Ms. Liu for election by the stockholders at the 2019 Annual Meeting.

Inquiries:

Corporate Communications: Stina Thorman, Tel [phone]
Investors & Analysts: Anders Trapp, Investor Relations, Tel [phone]
Investors & Analysts: Henrik Kaar, Investor Relations, Tel [phone]

This information is information that Autoliv, Inc. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above, at 3.05 pm CET on March 1, 2019.

About Autoliv

Autoliv, Inc. is the worldwide leader in automotive safety systems, and through its subsidiaries develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures, Autoliv has close to 67,000 employees in 27 countries. In addition, the Company has 14 technical centers around the world, with 19 test tracks. The Company's shares are listed on the New York Stock Exchange (NYSE: ALV) and its Swedish Depository Receipts on Nasdaq Stockholm (ALIVsdb). 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 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. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements. 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 publicly or revise any such statements in light of new information or future events, except as required by law.