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Autoliv: Autoliv declares dividend and holds annual general meeting

(Stockholm, Sweden, May 10, 2016) - - - Autoliv, Inc. (NYSE: ALV and
SSE: ALIVsdb) provided a correction to the press release issued
earlier today. A previous version of the press release stated in the
heading that Autoliv increased its dividend. The third quarter
dividend of 58 cents per share is the same amount as the second
quarter 2016 dividend. All other information in the press release is
the same and is included below.

The Board of Directors of the worldwide leader in automotive safety
systems, Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), today declared a
quarterly dividend of 58 cents per share for the third quarter of
2016. The dividend will be payable on Thursday, September 1, 2016 to
Autoliv stockholders of record on the close of business on Thursday,
August 18. The ex-date will be Tuesday, August 16 for holders of the
common stock listed on the New York Stock Exchange (NYSE) and
Wednesday, August 17 for holders of Swedish Depository Receipts
(SDRs) listed on the NASDAQ OMX, Stockholm.

Annual Meeting of Stockholders

At the Company's Annual General Meeting of Stockholders (AGM) held
today, May 10, in Chicago, Illinois, sufficient votes were received
to approve the following proposals:

· The re-election of Ms. Aicha Evans, Dr. Xiaozhi Liu and Dr.
Wolfgang Ziebart and Messrs. Robert A. Alspaugh, Leif Johansson,
David E. Kepler, Franz-Josef Kortüm, George A. Lorch and Kazuhiko
Sakamoto as directors of the Autoliv Board for a one-year term ending
at the 2017 AGM;

· Mr. Jan Carlson and Mr. James M. Ringler were not on the ballot
for re-election at this meeting and will continue to serve their
existing terms until the 2017 AGM, after which all directors will be
elected annually for one year terms.

· The non-binding, advisory resolution to approve the Company's 2015
executive compensation for its named executive officers; and

· The ratification of the appointment of Ernst & Young AB as the
Company's independent auditing firm for the fiscal year ending
December 31, 2016.

Committees of the Board

Effective May 10, 2016, the Board also approved changes to the
membership of its committees, which are now composed as follows:

Audit Committee: Robert W. Alspaugh (Chairman), Aicha Evans, David E.
Kepler and Wolfgang Ziebart

Compensation Committee: James M. Ringler (Chairman), Aicha Evans, Leif
Johansson, George A. Lorch and Xiaozhi Liu

Nominating and Corporate Governance Committee: George A. Lorch
(Chairman), Leif Johansson, Franz-Josef Kortüm, Xiaozhi Liu, and
James M. Ringler

Compliance Committee: Kazuhiko Sakamoto (Chairman), Robert W.
Alspaugh, David E. Kepler and Wolfgang Ziebart

Lead Independent Director

Because Mr. Carlson is both an officer of the Company and the Chairman
of the Board, pursuant to the Company's Corporate Governance
Guidelines, at the same Board meeting, the independent members of the
Board again resolved that Mr. George A. Lorch continue to serve as
the Lead Independent Director of the Board.


Thomas Jönsson, Vice President Corporate Communications. Tel: +46 (8)
58 72 06 27

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 more than 80 facilities with
around 66,000 employees in 27 countries. In addition, the Company has
21 technical centers in nine countries around the world, with 20 test
tracks, more than any other automotive safety supplier. Sales in 2015
amounted to about US $9.2 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

"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,
including without limitation, management's examination of historical
operating trends and data, as well as estimates of future sales,
operating margin, cash flow, effective tax rate or other future
operating performance or financial results, 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. In some cases, you can identify these
statements by forward-looking words such as "estimates," "expects,"
"anticipates," "projects," "plans," "intends," "believes," "may,"
"likely," "might," "would," "should," "could," or the negative of
these terms and other comparable terminology, although not all
forward-looking statements contain such words. 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 light vehicle production; fluctuation
in vehicle production schedules for which the Company is a supplier,
changes in and the successful execution of our capacity alignment,
restructuring and cost reduction initiatives discussed herein and the
market reaction thereto; changes in general industry and market
conditions or regional growth decline; 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, consolidations, restructurings or divestiture of
customer brands; unfavorable 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 uncertainties in pricing
negotiations with customers; successful integration of acquisitions
and operations of joint ventures; our ability to be awarded new
business; product liability, warranty and recall claims and
investigations and other litigation and customer reactions thereto;
higher expenses for our pension and other postretirement benefits,
including higher funding requirements for our pension plans work
stoppages or other labor issues; possible adverse results of pending
or future litigation; our ability to protect our intellectual
property rights or infringement claims; negative impacts of antitrust
investigations or other governmental investigations and associated
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
impacting or 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. 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
forward-looking statements in light of new information or future
events, except as required by law.


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