The Audit Committee of the Board has appointed Ernst & Young AB as the independent accounting firm for the company’s fiscal year ending December 31, 2021.

The external auditor was last presented to the shareholders for ratification at the 2021 Annual Meeting. Ratification by shareholders of this appointment is not required by law, the company’s Restated Certificate of Incorporation or the By-Laws. However, the Audit Committee and management believe that such ratification is desirable.

Ernst & Young AB has no relationship with the company or its subsidiaries other than that arising from the firm’s employment as accountants.

Ernst & Young AB has been the independent accounting firm for the company since May 1997. Ernst & Young AB has been the independent auditors for Autoliv AB since 1984.