Autoliv Announces Exercise of Over-Allotment Options – Offerings Increased to $400 Million

(Stockholm, March 27, 2009) --- Autoliv Inc. (the “Company”), the global leader in automotive safety systems today announced in connection with its offering of common stock and equity units the exercise in full by the underwriter of the over-allotment options to purchase an additional 1.34 million shares of common stock and an additional 600,000 equity units.

As a result of the exercise of the over-allotment options, the aggregate gross proceeds to the company of the offerings to the Company have increased from $364 million to $400 million. The offerings were made pursuant to the Company’s registration statement and prospectuses filed with the Securities and Exchange Commission.

Including the over-allotment securities, the total number of treasury shares offered in the common stock offering is 14,687,500, and the total number of equity units offered is 6,600,000. The additional shares of common stock are being sold at the offering price of $16.00 per share, and the equity units are being sold at the stated price of $25.00 per unit. The equity units will result in the issuance of an additional 8.6 to 10.3 million shares of common stock, depending on the stock price at the time of the execution of the forward purchase contract of each equity unit.

Morgan Stanley & Co. Incorporated is acting as sole bookrunner for both offerings.

A copy of the prospectuses relating to the common stock and Equity Unit offerings, each dated March 24, 2009, may be obtained by contacting Morgan Stanley & Co. Incorporated, 180 Varick Street, 2nd Floor, New York, New York 10014. Attention: Prospectus Department, or by e-mailing prospectus@morganstanley.com.

Inquiries:
Jan Carlson, President & CEO, Autoliv Inc +46 8 587 20 600