Autoliv (ALV) Declares $0.58 Quarterly Dividend; Provides Update on Annual General Meeting

Autoliv (NYSE: ALV) declared a quarterly dividend of $0.58 per share, or $2.32 annualized.

The dividend will be payable on September 1, 2016, to stockholders of record on August 18, 2016, with an ex-dividend date of August 16, 2016.

The annual yield on the dividend is 1.9 percent.

At the Company’s Annual General Meeting of Stockholders (AGM) held today, May 10, in Chicago, Illinois, sufficient votes were received to approve the following proposals:

· The re-election of Ms. Aicha Evans, Dr. Xiaozhi Liu and Dr. Wolfgang Ziebart and Messrs. Robert A. Alspaugh, Leif Johansson, David E. Kepler, Franz-Josef Kortüm, George A. Lorch and Kazuhiko Sakamoto as directors of the Autoliv Board for a one-year term ending at the 2017 AGM;

· Mr. Jan Carlson and Mr. James M. Ringler were not on the ballot for re-election at this meeting and will continue to serve their existing terms until the 2017 AGM, after which all directors will be elected annually for one year terms.

· The non-binding, advisory resolution to approve the Company’s 2015 executive compensation for its named executive officers; and · The ratification of the appointment of Ernst & Young AB as the Company’s independent auditing firm for the fiscal year ending December 31, 2016.

Committees of the Board

Effective May 10, 2016, the Board also approved changes to the membership of its committees, which are now composed as follows:

Audit Committee : Robert W. Alspaugh (Chairman), Aicha Evans, David E. Kepler and Wolfgang Ziebart

Compensation Committee : James M. Ringler (Chairman), Aicha Evans, Leif Johansson, George A. Lorch and Xiaozhi Liu

Nominating and Corporate Governance Committee : George A. Lorch (Chairman), Leif Johansson, Franz-Josef Kortüm, Xiaozhi Liu, and James M. Ringler

Compliance Committee : Kazuhiko Sakamoto (Chairman), Robert W. Alspaugh, David E. Kepler and Wolfgang Ziebart

Lead Independent Director

Because Mr. Carlson is both an officer of the Company and the Chairman of the Board, pursuant to the Company’s Corporate Governance Guidelines, at the same Board meeting, the independent members of the Board again resolved that Mr. George A. Lorch continue to serve as the Lead Independent Director of the Board.

For a dividend history and other dividend-related data on Autoliv (ALV) click here.

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