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Autoliv, Inc. Swedish Depository Receipts

Following Euroclear Sweden’s termination of its agreement to serve as Withholding Agent, Autoliv, Inc. Swedish Depository Receipts (Autoliv SDRs) will receive a new ISIN code1 with updated terms and conditions as of February 29, 2024.

A consequence of this is that as of February 29, 2024, it will no longer be possible to have your Autoliv SDRs (Autoliv's Swedish Depositary Receipts) securities as owner registered in your own securities account with Euroclear Sweden. As further described below, your options are to either transfer your Autoliv SDRs to another account with a bank/custodian/nominee or, if you do nothing, your Autoliv SDR holdings will automatically be converted to Autoliv, Inc. Common Stock, which are traded on the New York Stock Exchange.

What you need to do

If you currently hold your Autoliv SDR's in your own securities account (VP-konto) with Euroclear Sweden, you need to transfer your holding to a custody account or account with a bank/custodian/nominee that is a member of Euroclear Sweden and offers nominee registration. Most Swedish banks/custodians/nominees meet these requirements.

To transfer your holdings, you need to contact the bank/custodian/nominee of the account you wish to move your Autoliv SDRs to.

What happens if you do not act?

As of February 29, 2024, it will not be possible to hold Autoliv SDRs on your own  securities account (VP-konto) with Euroclear Sweden. Investors who still hold Autoliv SDRs in an owner-registered securities account with Euroclear Sweden as of February 29, 2024, will have their Autoliv SDR holdings automatically converted to Autoliv Common Stock which is denominated in US dollars and traded on the New York Stock Exchange.  After conversion, the shares will be directly registered in the U.S.A. and you will receive a letter from Computershare confirming your ownership in Autoliv Common Stock, as well as a request for additional information about your applicable tax residency, account details for payment of dividends, etc.

Tax Considerations Relating to Dividends

In order for you as a holder of Autoliv SDRs to not be subject to so-called double taxation in potential future Autoliv dividends, your bank/custodian/nominee needs to be a Qualified Intermediary (QI) and thus have a tax agreement with the US Internal Revenue Service (IRS). In the event that your bank/custodian/nominee does not have a QI agreement, higher US withholding tax will be charged in connection with dividends compared to if your bank/custodian/nominee has a QI agreement. It is therefore important that you as an investor contact your bank/custodian/nominee to ensure that they have a QI agreement. This should be done in connection with the opening of a custody account.2

Timeline

The record date for the new ISIN code exchange is February 29, 2024. The last day of trading for the current Autoliv SDR ISIN code on Nasdaq Stockholm is February 27, 2024. The first day of trading of Autoliv SDRs with the new ISIN code on Nasdaq Stockholm is February 28, 2024. During the period of February 26 thru February 29, 2024, you will be unable to convert between Autoliv SDRs traded on Nasdaq Stockholm and Autoliv Inc. Common Stock traded on the New York Stock Exchange.

General terms and conditions

English

Swedish/Svenska

You can send questions to: [email protected]

1 ISIN is a unique code for identifying securities.
2 The foregoing information is of a general nature and is not intended to constitute tax advice. Investors are asked to consult their own advisors regarding the specific tax consequences for each investor due to dividends, including the application and effect of U.S. and foreign tax laws.