AS Norma`s evaluation


UPDATED GUIDANCE FOR NORMA

In order to provide all investors with the same information following Autoliv's
offer for the outstanding shares in AS Norma, the management board of Norma is
giving its investors the following financial guidance for the first quarter and
the full year 2010:. 

According to 1Q10 forecasts specified in February 2010, sales during the first
quarter of 2010 will be at the same level as the fourth quarter of 2009 but is
expected to increase compared to the same period in 2009 by 65% to
approximately EUR 16 million. Profitability for the first quarter of 2010 is
expected to decrease from the fourth quarter of 2009 to an operating margin of
approximately 8%. 

On a full year basis, management believes that sales growth will be below first
quarter growth due to market and volume uncertainty for the remainder of 2010
and sales are expected to reach approximately EUR 57 million. This would
indicate a sales growth of 12% compared to 2009. Primarily due to the weaker
trading during the rest of the year, operating margin from the first quarter
cannot be sustained but is still expected to recover from the 2009 level and
amount to approximately 5 % for the full year. 

The preliminary data is unaudited and is not based on financial statements
approved by the Management Board. Norma will publish its annual report for 2009
on March 25 and a release of the first quarter 2010 financial statements on
April 26, 2010. 

Safe Harbor Statement 
This document contains statements that are not historical facts but rather
forward-looking statements. Such forward-looking statements are those that
address activities, events or developments that are believed or anticipated may
occur in the future, including statements relating to industry trends, business
opportunities, sales contracts, sales backlog, and on-going commercial
arrangements and discussions, as well as any statements about future operating
performance or financial results. In some cases, you can identify these
statements by forward-looking words such as “estimates,” “expects,”
“anticipates,” “projects,” “plans,” “intends,” “believes,” “might,” “will,”
“should,” or the negative of these terms and other comparable terminology,
although not all forward-looking statements are so identified. All such
statements are based upon our current expectations and various assumptions, and
apply only as of the date hereof. Our expectations and beliefs are expressed in
good faith and we believe there is a reasonable basis for them. However, there
can be no assurance that forward-looking statements will materialize or prove
to be correct. 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 general industry and market conditions, increased
competition, changes in consumer preferences for end products, customer losses
and changes in regulatory conditions, customer bankruptcies, consolidations or
restructuring, divestiture of customer brands, fluctuation in vehicle
production schedules, continued uncertainty in program awards and performance,
pricing negotiations with customers, product liability, warranty and recall
claims and other litigations, possible adverse results of pending or future
litigation or infringement claims, legislative or regulatory changes,
dependence on customers and suppliers. We undertake no obligation to update
publicly any forward-looking statements whether as a result of new information
or future events. 

Geographic restrictions 
The offer referred to in this press release is not being made to persons whose
participation would require an additional offer document, registration or
actions other than those required under Estonian law. This press release may
not be distributed to, or published in, the United States of America,
Australia, Canada or Japan, or in any other jurisdiction where such
distribution or the offer would require the type of action described in the
preceding sentence or would breach or violate applicable laws, rules or
regulations of such jurisdiction 




Peep Siimon
Chairman of the Management Board 
+ 372 6500 442