Veoneer: Stabilisation Notice

10.06.2019

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 size: 24,000,000 Shares ("Offer Shares") (excluding the over-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 (DE),
Manager: 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/  Aggregate Lowest Highest Currency  Stabilisation
(Quantity)  Price  Price  Trading Venue 
Sell 
30/05/ BUY  500  16.7800  16.9500  USD  American Stock
2019  Exchange (XASE) 
30/05/ BUY  3979  16.5700  16.9900  USD  BATS EXCHANGE
2019  (BATS) 
30/05/ BUY  842  16.6900  16.9900  USD  BATS Y-EXCHANGE,
2019  INC. (BATY) 
30/05/ BUY  100  16.9100  16.9100  USD  CHICAGO STOCK
2019  EXCHANGE, INC
(XCHI) 
30/05/ BUY  5100  16.6600  16.9800  USD  CITADEL
2019  SECURITIES
(CDED) 
30/05/ BUY  3467  16.5500  17.0000  USD  EDGA EXCHANGE
2019  (EDGA) 
30/05/ BUY  8216  16.6100  16.9500  USD  EDGX EXCHANGE
2019  (EDGX) 
30/05/ BUY  100  16.9100  16.9100  USD  HRTF 
2019 
30/05/ BUY  1295  16.7500  16.9400  USD  Investor's
2019  Exchange (IEXG) 
30/05/ BUY  12600  16.5600  16.7200  USD  MORGAN STANLEY
2019  AND CO. LLC
(MSCO) 
30/05/ BUY  600  16.8524  16.8800  USD  MS TRAJECTORY
2019  CROSS (MSTX) 
30/05/ BUY  18816  16.5600  16.9800  USD  NASDAQ - ALL
2019  MARKETS (XNAS) 
30/05/ BUY  687  16.6900  16.9900  USD  NASDAQ OMX BX
2019  (XBOS) 
30/05/ BUY  700  16.6900  16.9800  USD  Nasdaq PHLX
2019  (XPSX) 
30/05/ BUY  31525  16.5600  17.0000  USD  New York Stock
2019  Exchange (XNYS) 
30/05/ BUY  100020  16.5700  17.0000  USD  NYSE ARCA (ARCX) 
2019 
30/05/ BUY  200  16.7400  16.8800  USD  XCIS 
2019 

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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