Autoliv Raises Dividend and Holds Shareholders Meeting

(Stockholm, May 6, 2008) – – – Autoliv Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, today announced a 5% increase in its quarterly dividend to shareholders. The dividend per share will be raised in the third quarter 2008 to 41 cents from 39 cents per share for the second quarter.

The dividend will be payable on Thursday, September 4, 2008, to Autoliv stockholders of record on the close of business on Thursday August 7, 2008. The Ex-date when the shares will trade without the right to the dividend will be August 5

Over the past six years, the quarterly dividend has been raised ten times and nearly quadrupled from 11 cents per share. This corresponds to a compounded annual average growth rate of 25%.

In order to create even more value for its shareholders Autoliv also has a share repurchase program. Through this program, the Company has returned $1.4 billion to shareholders since the program was adopted in 2000, and $400 million during the last twelve months. During the same period, Autoliv has paid quarterly dividends totaling $120 million. In relation to the Company’s average market capitalization this total of $520 million having been returned to shareholders represents a total yield of more than 12%.

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 Jan Carlson, Sune Carlsson, William E. Johnston, Jr., and S. Jay Stewart were re-elected directors of the Board for a regular three-year term until the Annual General Meeting in 2011 and that Ernst & Young AB was ratified as Autoliv’s independent auditing firm for the fiscal year ending December 31, 2008.

Inquiries:
Mats Ödman, VP Corporate Communications, +46 (0)8 58 72 06 23, or +46 (0)708 32 09 33
Ray Pekar, Director Investor Relations, +1 248 475 0427