(Stockholm, Aug. 19, 2008) – – – The Board of Directors of Autoliv Inc. (NYSE: ALV and SSE: ALIVsdb) – the worldwide leader in automotive safety systems – declared a quarterly dividend of 41 cents per share for the fourth quarter 2008.

The dividend will be payable on Thursday, December 4, 2008 to Autoliv shareholders of record on the close of business on Thursday, November 6, 2008. The ex-date when the shares will trade without the right to the dividend, will be November 4. The dividend for the fourth quarter is unchanged compared to the dividend for the third quarter when the dividend was raised by 5% to 41 cents per share from 39 cents for the second quarter.

In order to create value for its shareholders, Autoliv also has an active share repurchase program. Through this program, the Company has returned more than 1.4 billion dollars to shareholders since the program was adopted in 2000 of which $392 million during the last twelve months. During this 12 month period, Autoliv also paid quarterly dividends of $117 million making the total amount returned to shareholders almost $510 million. This gives a total yield of nearly 13% in relation to the Company’s average market capitalization during the last twelve months.

Inquiries:

Jan Carlson, President and CEO, Tel. +46-8-587 20 600
Ray Pekar, Director Business Development and Investor Relations, Tel +1-519-973-3799

Autoliv Inc., the worldwide leader in automotive safety systems, develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures, Autoliv has 80 facilities with approximately 43,000 employees in 32 vehicle-producing countries. In addition, the Company has technical centers in twelve countries around the world, with 21 test tracks, more than any other automotive safety supplier. Sales in 2007 amounted to US $6.8 billion. The Company's shares are listed on the New York Stock Exchange (NYSE: ALV) and its Swedish Depository Receipts on the OMX Nordic Exchange in Stockholm (ALIVsdb).

“Safe Harbor Statement”

Statements in this report that are not statements of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These statements involve risks and uncertainties, including – but not limited to – the economic outlook for the Company’s markets, fluctuation of foreign currencies, fluctuation in vehicle production schedules for which the Company is a supplier, continued uncertainty in program awards and performance, the financial results of companies in which Autoliv has made technology investments, pricing negotiations with customers, fluctuating fuel and commodity prices and other costs, supply issues, product liability, warranty and recall claims, dependence on customers and suppliers, and other factors discussed in Autoliv’s filings with the Securities and Exchange Commission (SEC). We do not intend or assume any obligation to update any of these statements.