Autoliv Raises Dividend - Again

(Stockholm, May 4, 2006) – – – Autoliv Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, today announced that its quarterly dividend will be increased by 9% to 35 cents per share from 32 cents. Since 2002, the quarterly dividend has been increased six times, totally by more than 300%. The dividend will be payable on Thursday, September 7, 2006, to Autoliv stockholders of record on the close of business on Thursday August 10, 2006. The Ex-date when the shares will trade without the right to the dividend will be August 8. In order to create value for its shareholders Autoliv also has a share repurchase program. Through this program, the Company has returned $399 million over the last twelve months. During the same period, Autoliv has paid quarterly dividends totalling $109 million. In relation to the Company’s net income, this amount of $508 million that has been returned to shareholders represents a pay-out ratio of 61%. In relation to the Company’s average market capitalization the amount represents a total yield of 12.5%. Shareholders Meeting The Company also held its Annual General Meeting (AGM) of Shareholders. Proxies from Share¬holders were received in sufficient quantity to approve the proposals that came before the shareholders meeting. This means that George A. Lorch, James M. Ringler, Tetsuo Sekiya and Per Welin were re-elected directors of the Board for a regular three-year term until the Annual General Meeting in 2009 and that Ernst & Young AB was ratified as Autoliv’s independent auditing firm for the fiscal year ending December 31, 2006. Inquiries: Mats Ödman, Vice President Corp. Com., Tel. +46 (8) 58 72 06 23, or +46 (708) 32 09 33 Ray Pekar, Director Investor Relations, Tel. +1 (248) 475-0427