Veoneer: Stabilisation Notice

04.06.2019

Not for distribution, directly or indirectly, into any jurisdiction in which such distribution would be unlawful.

Veoneer, Inc. (the "Company")

Mid-stabilisation Period Announcement

Morgan Stanley & Co. LLC (contact: Ben Dannhauser; telephone: +1 212 761-9005) hereby gives notice that the Stabilisation Manager(s) named below undertook stabilisation (within the meaning of Article 3.2(d) of the Market Abuse Regulation (EU/596/2014) and of the rules of the Swedish FSA) in relation to the offer of the following securities, as set out below.

Securities

Issuer: Veoneer, Inc.Company number (or equivalent ID):   82-3720890
Securities: Shares of the Company's Common   Stock ("Shares"); Swedish
Depository Receipts (each   representing one Share) ("SDRs")
ISIN: US92336X1090 ("Shares")   ; SE0011115963 ("SDRs")
Offer   24,000,000 Shares ("Offer Shares")   (excluding the over
size: -allotment option), a portion of which were delivered to a  
depository, which issued SDRs
Offer   17.50 USD per Share
price:

Stabilisation

Stabilising Morgan Stanley & Co. LLC, c/o   The Corporation Trust Company
  Manager: (DE), Corporation Trust, 1209 Orange Street,   Wilmington,
Delaware, 19801, USA

For each of the dates during which stabilisation transactions were carried out during the period covered by this announcement, the aggregate quantity and price range was as follows:

Stabilisation transactions

Date  Buy/ Se Aggregate Lowest Highest Currency  Stabilisation
ll  (Quantity)  Price  Price  Trading  
Venue 
23/05/ BUY  189,079  16.4100  17.5000  USD  New York Stock
2019  Exchange
(XNYS) 
23/05/ BUY  234,579  16.4100  17.4600  USD  NASDAQ - ALL
2019  MARKETS (XNAS) 
23/05/ BUY  238,572  16.3700  17.4600  USD  Pacific Stock
2019  Exchange (P) 
23/05/ BUY  12,827  16.4200  17.4600  USD  EDGA EXCHANGE
2019  (EDGA) 
23/05/ BUY  4,900  16.4800  17.4200  USD  Nasdaq PHLX
2019  (XPSX) 
23/05/ BUY  4,589  16.4500  17.4600  USD  NASDAQ OMX BX
2019  (XBOS) 
23/05/ BUY  9,077  16.4100  17.4500  USD  Investor's
2019  Exchange
(IEXG) 
23/05/ BUY  700  16.4900  17.2100  USD  American Stock
2019  Exchange
(XASE) 
23/05/ BUY  801  16.5800  17.4700  USD  BATS Y
2019  -EXCHANGE, INC.
(BATY) 
23/05/ BUY  15,537  16.4600  17.4600  USD  EDGX EXCHANGE
2019  (EDGX) 
23/05/ BUY  11,445  16.4000  17.4600  USD  BATS EXCHANGE
2019  (BATS) 
23/05/ BUY  122  16.5400  17.1100  USD  XCIS 
2019 
23/05/ BUY  1,800  16.5187  17.1200  USD  MS TRAJECTORY
2019  CROSS (MSTX) 
23/05/ BUY  11,000  17.0500  17.1900  USD  MS POOL (MSPL) 
2019 
23/05/ BUY  2,300  16.8800  17.1400  USD  HRTF 
2019 
23/05/ BUY  31,900  16.6600  17.1900  USD  MS RETAIL POOL
2019  (MSRP) 
23/05/ BUY  9,500  17.1500  17.4500  USD  CITADEL
2019  SECURITIES
(CDED) 
23/05/ BUY  240,023  17.2728  17.2728  USD  Third Market
2019  (TH) 

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Company in any jurisdiction.

A copy of the final prospectus for the offering of Shares, which has been filed with the Securities and Exchange Commission, may be obtained from Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department.

END.

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