Autoliv to Make Another Subsidiary Wholly Owned

(Stockholm, March 1, 2010) --- The Autoliv Inc. Group (NYSE: ALV), the worldwide leader in automotive safety products, today announced its intention to make a cash offer for all outstanding shares not owned by the Group in its 51%-owned Estonian subsidiary Aktsiaselts Norma (“Norma”). An offering prospectus for approval by the Estonian Financial Supervisory Authority (EFSA)will be filed today.

Norma is the leading supplier of automotive safety products for the Russian market and an important component supplier to Autoliv. Last year, it had sales of €50 million and 600 employees. The Norma shares are listed on the Tallin Stock Exchange. Shareholders representing 26.4% of the outstanding shares in Norma have over the past weekend made irrevocable sales commitments for the planned offer. Total cost for the 49% outstanding shares amounts to approximately $50 million. The planned acquisition is expected to have virtually no effect on Autoliv’s earnings per share for 2010. The offer is conditioned upon the Autoliv Group reaching at least 90 percent of all shares in Norma. The offer is made through AS Automotive Holding, a 100%-owned subsidiary of Autoliv. Regarding the tender offer, Autoliv’s President and Chief Executive Officer, Jan Carlson, explained: “Norma is facing certain challenges as vehicle manufacturers require their suppliers to be global. In addition, car manufacturers want their suppliers to continuously provide them with new technologies. These technologies are very expensive to develop and as a smaller player Norma has limited resources to do this. At the same time, system suppliers such as Autoliv have a need for efficient and financially solid component manufacturers such as Norma, and Norma could with the support of Autoliv take advantage of restructuring opportunities in the automotive component industry. Therefore, expansion in component supply and integration into Autoliv’s pan-European manufacturing and logistics system provides a strong platform for Norma and its employees. In addition, it will be easier to coordinate sales to the Russian plants of our global customers if all Autoliv companies active in this market have the same ownership structure”, explained Mr. Jan Carlson. Inquiries: Jan Carlson, President and CEO, Autoliv Inc., Tel +46 8 587 20656 Mats Ödman, Vice President corp. comm.. Autoliv Inc Tel +46-708-32 09 33 Geographical Restrictions This press release is not an offer to acquire shares.. In addition, the offer will not be made to persons whose participation would require an additional offer document, registration or actions other than those required under Estonian law.