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Autoliv

At the Autoliv general meeting on May 12th, 2021, Folketrygdfondet, manager of the Government Pension Fund Norway, voted against item 1.01 for the following reasons:

Item 1.01: Elect CEO Mikael Bratt as a board member

Rationale:
Folketrygdfondet opposes the election of the CEO to the board of directors as a matter of
principle. One of the board’s main tasks is the supervision of company management, which
includes appointment and dismissal of the CEO. Folketrygdfondet considers that board members
can only supervise company management adequately if they are not recruited from among
management. For this reason, we voted against item 1.01.