Autoliv Buys Back Additional Equity Units at a Discount

Autoliv Buys Back Additional Equity Units at a Discount

(Stockholm, June 1, 2010)  -  -  -  Autoliv, Inc. - the global leader in
automotive safety systems - today accelerated the exchange into common
stock of 8.4% of the Company's equity units originally issued in March
2009. As a result of these transactions, the Company expects to save
approximately $1 million through April 2012 in interest expense, in
addition to savings from similar equity unit transactions announced on
May 24, which should exceed $2 million.       

According to separate exchange agreements entered into on May 26, 2010
and May 27, 2010 with holders representing an aggregate of 554,200
equity units of Autoliv, the Company will now issue an aggregate of
721,623 treasury shares of Autoliv's common stock and pay an aggregate
of $1,645,498 in cash to these holders. The remaining aggregate interest
coupons for each equity unit amounts to $4, while the average cost to be
paid in these transactions is $2.97 per unit, a discount of 26%.

The closings of these separate transactions are scheduled to occur
today.    

The Company may, from time to time, repurchase additional equity units.

 Each of the exchanges is exempt from the registration requirements of
the Securities Act of 1933, as amended, pursuant to Section 3(a)(9)
thereof.

Inquiries:

Mats Wallin, CFO                                                      
Tel +46 (0)8-587 20 600

Hannes Wadell, Treasury                                            Tel
+46 (0)8-587 20 655