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Autoliv renews mandate to buy back up to 3.2M shares

Autoliv declared a quarterly dividend of 50c per share for Q4. In addition the board renewed a mandate for the repurchase of up to 3.2M common shares. Autoliv management can now initiate buy backs of Autoliv shares opportunistically at their own discretion. The intent is to from time to time repurchase shares in the open market or otherwise. The mandate to repurchase the shares was first announced on November 8, 2007. The dividend will be payable on December 5, to Autoliv shareholders of record on the close of business on November 20.