Autoliv Elects New Board Member

(Stockholm, March 24, 2014) – – – Autoliv Inc. – the global leader in automotive
safety systems – has elected Mr. Franz-Josef Kortüm as a new member to its Board
of Directors.
Mr. Kortüm has a long and impressive career in the automotive industry, in 1994
joining Webasto SE (Stockdorf/Munich), a leading German automotive industry
supplier focused on roof and heating systems. From 1998 to 2012 he was active as
Chief Executive Officer.

From 1976 to 1992 Mr. Kortüm held various positions with Daimler AG. From 1989
to 1991 he was General Manager of the Domestic Commercial Vehicle Sales
Division. In 1992 Mr. Kortüm joined Audi AG, where he from 1993 to 1994 was
active as Chief Executive Officer.

In addition to joining the Board of Directors of Autoliv Mr. Kortüm is also Vice
Chairman of the Supervisory Board of Webasto SE, Chairman of the Advisory Board
of Brose Fahrzeugteile Gmbh & Co.KG (Coburg) and member of the Supervisory Board
of Wacker Chemie AG (Munich). Until recently Mr. Kortüm was also a member of the
Supervisory Board of Schaeffler AG (Herzogenaurach). From 2004 thru 2012 Mr.
Kortüm was a member of the managing board of the VDA (German Association of the
Automotive Industry) and during this time also the Deputy spokesman of the
German Automotive Supplier industry.

“I am pleased to welcome Franz-Josef Kortüm to Autoliv’s Board of Directors. His
extensive automotive industry experience and proven leadership will be very
valuable assets in the future work of the board”, said Jan Carlson, President &
CEO for Autoliv Inc.

Franz-Josef Kortüm born in 1950 holds a MBA equivalent degree in Business
Administration from the University of Regensburg, Germany.

Autoliv’s Board has determined that Mr. Kortüm is “independent” according to the
New York Stock Exchanges’ rules and regulations.

Attached with the press release is a photo of Mr. Franz-Josef Kortüm.

Inquiries:

Jan Carlson, President & CEO Autoliv Inc.
                                         Tel +46-8-587 20 600
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 around 80 facilities
with over 56,000 employees in 29 countries. In addition, the Company has 18
technical centers in nine countries around the world, with 20 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.

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forward-looking statements within the meaning of the Private Securities
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