Stockholm, Sweden, October 26, 2021 (NYSE: VNE and SSE: VNE-SDB)

Financial Report July - September 2021

Financial Summary - Q3'21

  • Active Safety drives organic sales growth, despite 20% YoY decline in light vehicle production (LVP)
  • Net Sales $391 million, Net sales increase 5%, Organic Sales1 increase 3% YoY
  • Active Safety Net Sales increase 27%, Organic Sales increase 24% YoY
  • Operating cash flow $(120) million
  • Cash balance $420 million
  • Veoneer is currently focusing on providing information relating to the on-going acquisition process and is no longer providing a forward looking outlook and will not be holding an earnings call.

Business Highlights

  • Entered into a definitive merger agreement under which SSW and Qualcomm will acquire Veoneer, terminated merger agreement with Magna International Inc.
  • Organic Sales growth outperformed the global LVP by ~23pp during Q3'21
  • Semiconductor supply chain shortages continue to create industry production, delivery and cost challenges
  • Temporary inventory buildup negatively impacted cash flow, expect the effect to reverse in fourth quarter
  • ADAS and AD software unit Arriver performed first public demonstration running on the Snapdragon Ride platform, at IAA, Munich with positive feedback and reviews
  • Veoneer announced as key active safety contributor to Mercedes S-Class with 4th generation Vision and Perception software enabling Level 3 self-driving
  • Order intake over the Last Twelve Months (LTM) was more than $500 million of average annual sales at the end of Q3'21

Key Figures

Three Months Ended September 30

Nine Months Ended September 30

Dollars in millions,

2021

2020

Change

2021

2020

Change

$

%

$

%

$

$

%

$

%

$

(except where specified)

Net Sales

$

391

$

371

$

20

$

1,208

$

918

$

290

Gross Profit / Margin

$

65

16.6 %

$

54

14.6 %

$

11

$

183

15.1 %

$

110

12.0 %

$

73

RD&E, net / % of Sales

$

(102)

(26.1)%

$

(124)

(33.4)%

$

22

$

(326)

(27.0)%

$

(299)

(32.6)%

$

(27)

Operating Loss / Margin

$

(89)

(22.7)%

$

(103)

(27.8)%

$

14

$

(285)

(23.6)%

$

(290)

(31.6)%

$

5

Operating Cash Flow

$

(120)

$

1

$

(121)

$

(299)

$

(115)

$

(184)

Comments from Jan Carlson, Chairman, President and CEO

Veoneer showed strong operational performance during the third quarter. Despite a sequential drop in the light vehicle production of 12%, our net sales were essentially flat, sequentially. Through our market adjustment initiatives, we also managed to improve our gross profit and reduce our operating loss sequentially and year-over- year. I would like to direct my sincere thanks to the entire Veoneer team who continues to execute in these difficult market conditions and rapidly changing and uncertain environment.

The global underlying demand for all of our products remains very strong, but as is true for many industries and companies today, semiconductor shortages and supply chain constraints continue to hamper our growth. We are managing this situation daily, and are doing our utmost to support our customers through this difficult situation.

The gradual weakening of the LVP during the quarter was especially challenging where we saw a temporary buildup of inventory which is reflected in our working capital and cash flow. We have taken initiatives to rectify the situation and I view this as another sign of our discipline and executional strength as the full year 2021 LVP expectation eroded from a 14% growth in the beginning of the year, to virtually flat growth from the depressed COVID-19 pandemic levels in 2020.

We continue to see strong momentum for our technologies and products. During the quarter the high-volume Subaru Forrester was launched with our stereo vision camera. We also launched our 9th customer for Monovision, we announced that we are delivering key technologies for Mercedes S-Class upgrade to level 3 capabilities, and we had the first public demonstration of the Arriver-Snapdragon Ride solution to great feedback at the IAA Show in Munich.

Following the end of the quarter, we announced that we signed a merger agreement with SSW and Qualcomm for the acquisition of Veoneer by SSW and subsequent transfer of Arriver to Qualcomm. The Board of Directors determined that the $37 per share, all cash transaction offered by SSW and Qualcomm was superior to the previous transaction agreement with Magna International. The proposed transaction with SSW and subsequent SSW-Qualcomm transaction are pending and subject to various conditions and we will provide updates as appropriate.

Our focus continues to be on the day-to-day execution, delivering to our customers, overcoming shortages and logistics issues, and continuing to develop our products and technologies. I am most grateful to our people who are showing great determination and resilience through this period of internal and external change.

1For all Non-U.S. GAAP financial measures, see the reconciliation tables in this earnings release, including the Non-U.S. GAAP Financial Measures section for further discussion of the forward-lookingNon-U.S. GAAP financial measures on page 11.

Page 1 of 10

26 October 2021

Financial Overview for the Quarter

Sales by Product

Net Sales

Three Months Ended September 30

Dollars in millions,

2021

2020

U.S. GAAP Reported

(except where specified)

$

$

Chg. $

Chg.%

Restraint Control Systems

153

188

(35)

(19)%

Active Safety

215

170

45

27 %

Brake Systems

11

13

(2)

(18)%

Other

12

-

12

-

Total

$

391

$

371

$

20

5 %

  • Non-U.S.GAAP measure reconciliation for Organic Sales

Net Sales - Veoneer's net sales for the quarter of $391 million increased by 5% as compared to 2020. The organic sales1 increased by 3% and the net currency translation effects were positive by 2%. Given that the LVP growth expectations declined by around 17pp from the beginning of the quarter to (20%) (according to IHS Markit), our net sales were also lower than our expectations from the beginning of the quarter. Veoneer outperformed the LVP in all regions, except rest of Asia which accounts for only around 4% of net sales.

According to IHS Markit, the main reason for the downward revisions of the LVP (from the beginning of the quarter) is the semiconductor shortages, which reduced the LVP during the quarter by close to 3.5 million vehicles.

Restraint Control Systems - Net sales for the quarter of $153 million decreased by 19% as compared to 2020. Our organic sales decline of 21%, was essentially in line with the underlying LVP changes, primarily driven by the semiconductor shortages.

Components of Change vs. Prior Year

Currency

Divestitures

Organic1

$

%

$

%

$

%

5

2 %

-

-

(40)

(21)%

4

3 %

-

-

41

24 %

-

-

-

-

(2)

(18)%

-

-

-

-

12

-

$

9

2 %

$

-

- %

$

11

3 %

Active Safety - Net sales for the quarter of $215 million increased by 27% as compared to 2020. The organic sales increase was 24%, primarily driven by an intense launch period that started in Q1 2020 and will continue throughout the remainder of 2021 and into 2022 and 2023. Asia saw the strongest growth during the quarter, driven by the continued industry wide ramp up phase for Active Safety in China and the continued ramp up of our Subaru customer programs in Japan.

Strong volume demand for mono, stereo and thermal camera systems, ADAS ECUs and driver monitoring systems on several models, and across multiple customers drove the increase in organic sales. Radar systems also continued to grow, although at a slower rate, reflecting a continued successful transition to 77GHz radars.

Brake Systems and Other - The combined net sales for the quarter was $23 million. The Brake Systems sales of $11 million are related to the Honda legacy business and $12 million of Other sales are Brake ECUs to ZF.

Income Statement

Gross Profit - Gross profit for the quarter of $65 million was $11 million higher as compared to 2020. The YoY improvement was mainly driven by the organic sales growth resulting from the continued ramp up of recent vehicle launches, along with the continued benefits from the Market Adjustment Initiatives (MAI). These positive effects were partly mitigated by higher costs related to supply chain constraints of approximately $2 million. The currency impact was $3 million

Operating Loss - Operating loss for the quarter of $89 million decreased by $14 million as compared to 2020, mainly due to the higher sales and the continued effects from the MAIs, while net currency effects were $3 million.

RD&E, net of $102 million decreased by $22 million for the quarter as compared to 2020, mainly as a result of lower personnel costs and higher customer reimbursements.

SG&A expense of $38 million for the quarter decreased by around $5 million as compared to 2020 reflecting the continued effects from our efficiency focus under the MAI program.

Other expense net of $12 million was mainly due to extra costs relating to the ongoing merger transaction.

Net Loss - Net loss for the quarter of $94 million decreased by $38 million as compared to 2020, when the net loss was negatively affected by a non-cash impairment charge of $24 million related to the dissolution of the Zenuity joint venture in 2020.

Interest, net and other non-operating items, net combined for the quarter of $5 million, increased by $1 million as compared to 2020.

Income tax expense of $3 million for the quarter increased by $3 million as compared to 2020. There were no discrete tax items during the quarter.

Loss per Share - The loss per share of $0.84 for the quarter decreased by $0.34 per share as compared to a loss of $1.18 per share for the same period in 2020.

Cash Flow and Balance Sheet

Net cash used in operating activities - Net cash used in operating activities of $120 million during the third quarter was $121 million higher as compared to 2020, which was primarily due to the negative changes in net working capital.

Net cash used in investing activities - Net cash used in investing activities of $17 million was due to capital expenditures of $16 million, and equity method investments of $1 million.

Cash flow before financing activities1 - The cash flow before financing activities of $(137) million for the third quarter decreased from $6 million as compared to 2020. This was primarily due to changes in net working capital and positive effects from the dissolution of the Zenuity joint venture in 2020.

Page 2 of 10

Net Working Capital1 - Net working capital for the third quarter of $5 million increased by $122 million as compared to 2020, mainly due to temporary timing effects relating to inventory.

Capital Expenditures - Capital expenditures of $16 million for the quarter decreased by $3 million as compared to 2020 mainly due to lower investments in facility expansions.

Cash and cash equivalents - At the end of the period, the Company had cash and cash equivalents of $420 million, which decreased by $136 million during the third quarter mainly due to the operating cash flow of $(120) million, resulting from the temporary buildup of inventory and capital expenditures of $(16) million, .

26 October 2021

Financial Overview Year to Date

Sales by Product

Net Sales

Nine Months Ended September 30

Components of Change vs. Prior Year

Dollars in millions,

2021

2020

U.S. GAAP Reported

Currency

Divestiture

Organic1

$

$

Chg. $

Chg.%

$

%

$

%

$

%

(except where specified)

Restraint Control Systems

517

450

67

15 %

20

5 %

-

- %

47

10 %

Active Safety

618

411

207

50 %

26

6 %

-

- %

181

44 %

Brake Systems

35

57

-22

(37)%

-

- %

(24)

(43)%

2

11 %

Other

38

$

-

38

-

-

- %

-

- %

38

- %

Total

$ 1,208

$

918

$

290

32 %

$

46

5 % $

(24)

(3)%

$

268

30 %

  • Non-U.S.GAAP measure reconciliation for Organic Sales

Net Sales - Veoneer's net sales for the first nine months increased by 32% to $1208 million as compared to 2020. Our organic sales1 grew 30%, as compared to the 10% increase in LVP for the same period (according to IHS Markit). The remainder of the increase was from net currency translation effects of 5%, and the impact from the brake system divestiture of $(24) million.

During the first nine months, the organic sales increased in North America, Europe and Asia by 26%, 24% and 42%, respectively. The strong organic sales growth reflects the rebound from the negative COVID-19 effects in 2020 which started to affect China in the first quarter and the rest of the world in the second quarter. This strong organic growth was further driven by Veoneer's intense launch period which started in the first quarter 2020 and will continue throughout the remainder of 2021 and into 2022 and 2023.

Restraint Control Systems - Net sales for the first nine months of $517 million increased by 15% as compared to 2020. The organic sales increase of 10% was primarily due to the LVP increase driving higher volumes in all regions.

Income Statement

Gross Profit - The gross profit for the first nine months of $183 million was $73 million higher as compared to 2020. The strong organic sales growth as well as continued benefit from the MAIs were the key contributors, which more than offset the extra costs related to supply chain constraints. Net currency effects were $13 million. The brake systems divestiture impact was $(4) million

Operating Loss - The operating loss for the first nine months of $285 million was $5 million lower as compared to 2020. The underlying operating performance improved more YoY, however this effect was partly offset by above normal engineering reimbursements in the second quarter of 2020. Net currency effects were $1 million and the brake systems divestiture impact was $(1) million.

RD&E, net of $326 million increased by $27 million as compared to 2020, due to $81 million higher than normal engineering reimbursements in the second quarter of 2020, which was partly offset by a lower underlying RD&E run rate and the brake system divestiture impact of $28 million.

SG&A expense of $118 million for the first nine months decreased by $6 million as compared to 2020 including a $1 million positive impact from the brake system divestiture.

Other income and amortization of intangibles combined were $47 million lower for the first nine months as compared to 2020 mainly due to the temporary positive effects from the divestiture of the brake systems joint venture in the first half of 2020, merger related costs of approximately $11 million and restructuring related costs year to date of approximately $5 million.

Active Safety - Net sales for the first nine months increased by 50% to $618 million as compared to 2020. This increase was primarily driven by the organic sales growth of 44%. The strong outperformance compared to the LVP was driven by all regions.

As part of Veoneer's on-going strong launch phase as well as the rebound from the negative COVID-19 effects in 2020 all product areas within Active Safety showed strong growth. Radar systems and vision contributed in particular, but also night vision, Driver Monitoring Systems and ADAS ECU's experienced strong growth based on new launches.

Brake Systems and other - Organic sales for the first nine months increased by 126% to $73 million as compared to 2020, mainly driven by sales of brake ECU's to ZF.

Net Loss - The net loss for the first nine months of $298 million decreased by $155 million as compared to 2020, primarily due to the strong organic sales growth and lower net costs related to the divestiture of the Zenuity joint venture and non-cash net loss on the divestiture of the brake systems business in 2020.

Interest expense, net for the first nine months was $7 million higher as compared to 2020 due to lower interest income. Other non-operating items, net of $1 million improved by $1 million.

Income tax expense of $12 million for the first nine months was $14 million lower as compared to 2020. This was primarily due to a discrete tax expense of $22 million on the VNBS sale in 2020.

The non-controlling interest expense was $1 million favorable as compared to 2020, when it was $(1) million, due to the brake systems divestiture.

Loss per Share - The loss per share of $2.66 for the first nine months decreased by $1.41 as compared to 2020, mainly due to the net loss effect mentioned above.

Page 3 of 10

26 October 2021

Cash Flow and Balance Sheet

Net cash used in operating activities - Net cash used in operating activities of $299 million during the first nine months was $184 million higher as compared to 2020. The change was primarily driven by the net working capital change, which was partly offset by the lower net loss.

Net cash used in/ provided by investing activities - Net cash used in investing activities of $35 million during the first nine months was $139 million lower as compared to 2020. This was mainly due to the proceeds from the VNBS divestiture of $176 million in 2020.

Cash flow before financing activities1 - The cash flow before financing activities of $(334) million for the first nine months was $323 million lower compared to 2020 mainly due to the VNBS divestiture in 2020 and timing effects in working capital.

Net Working Capital1 - The net working capital increase by $122 million for the first nine months as compared to 2020 was mainly due to timing effect related to a build up of inventory and the COVID-19 impact in 2020..

Capital Expenditures - Capital expenditures of $46 million for the first nine months decreased by $24 million as compared to 2020 mainly due to lower investments in facility expansions. The benefit of the VNBS-Asia divestiture was $1 million.

Cash and cash equivalents - At the end of the quarter the company had cash and cash equivalents of $420 million, compared to $758 million at the end of the fourth quarter 2020.

Key Ratios

Three Months Ended

Nine Months Ended

September 30

September 30

Full Year

Dollars in millions, (except where specified)

2021

2020

2021

2020

Last 12 Months

2020

Gross Margin % 1

16.6

14.6

15.1

12.0

15.3

13.3

SG&A %

(9.7)

(11.5)

(9.8)

(13.5)

(9.6)

(12.0)

RD&E %

(26.1)

(33.4)

(27.0)

(32.6)

(26.1)

(29.7)

Operating Margin % 2

(22.7)

(27.8)

(23.6)

(31.6)

(21.7)

(26.7)

Depreciation and Amortization %

(7.3)

(7.1)

(7.1)

(8.0)

(7.0)

(7.5)

EBITDA % 3

(15.4)

(20.7)

(16.4)

(23.6)

(14.8)

(19.2)

Capital Expenditures %

(4.1)

(5.1)

(3.8)

(7.6)

(4.0)

(6.6)

Net Working Capital 4

$

5

$

(117)

$

5

$

(117)

$

5

$

(97)

Operating Cash flow 5

$

(120)

$

1

$

(299)

$

(115)

$

(376)

$

(192)

Shareholders' Equity 6

$

934

$

1,298

$

934

$

1,298

$

934

$

1,239

Cash and Cash Equivalents

$

420

$

846

$

420

$

846

$

420

$

758

Weighted average number of shares outstanding 6

111.96

111.59

111.83

111.55

111.83

111.56

Net loss per share - basic 7

$

(0.84)

$

(1.18)

$

(2.66)

$

(4.07)

$

(3.48)

$

(4.89)

Total Shareholders' Equity per share

$

8.34

$

11.63

$

8.35

$

11.64

$

8.35

$

11.11

Number of Associates at period-ending8

6,046

6,175

6,046

6,175

6,046

6,184

Number of Total Associates at period-ending9

7,242

7,433

7,242

7,433

7,242

7,543

Days Receivables Outstanding 10

56

51

54

58

54

57

Days Inventory Outstanding 11

44

31

36

37

34

35

  • Gross profit relative to sales. 2 Operating income relative to sales. 3 See EBITDA reconciliation to net loss on page 11. 4 Total current assets excluding cash and cash equivalents minus total current liabilities excluding short-term debt. 5 Operating Cash flow is the equivalent to "Net cash used in operating activities". 6 Basic number of shares used to compute net loss per share in millions. Participating share awards without right to receive dividend equivalents are (under the two-class method) excluded from the loss per share calculation. 7 Excluding non-controlling interest. 8 Employees with a

continuous employment agreement, recalculated to full time equivalent heads.

9 Includes temporary hourly personnel. 10 Outstanding receivables relative to average daily sales. 11 Outstanding

inventories relative to average daily sales.

COVID-19 and supply constraint commentary

Veoneer is executing to minimize the impact from the supply chain constraints in semiconductors. These effects are likely to remain at least until the end of 2021 although we do expect a gradual recovery to take place. Currently it is hard to predict the pace of the recovery, but as underlying consumer demand continues to look strong, we anticipate a gradual recovery in 2022.

For 2021 and the upcoming years, the most important driver for Veoneer's business is new customer and technology launches, which we continue to expect to drive outperformance as compared to the global LVP.

As noted in prior results announcements, in response to the pandemic, the Company continues to expand its Market Adjustment Initiatives (MAIs) to further mitigate the impact of the pandemic on its cash flow and operating results.

The COVID-19 pandemic continues to cause significant uncertainty in the global economy. This includes the automotive industry and the global LVP for 2021 and the upcoming years ahead, which are dependent on underlying consumer demand. Simultaneously and triggered by the COVID-19 pandemic, the automotive industry, like other industries dependent on semiconductors, is experiencing challenges in the supply of Semiconductors. This supply constraint and other uncertainties may continue to have an adverse effect on industry performance and our business. The health and safety of our associates continues to be our first priority, and we are taking the necessary actions to continue to protect our associates, safeguard our operations and meet our customers' needs while managing through these unprecedented circumstances.

Deliveries per Quarter (units

000's)

September 30, 2021

June 30, 2021

March 31, 2021

December 31, 2020

September 30, 2020

Restraint Control Systems

2,913

3,462

3,676

4,290

2,727

Active Safety

2,587

2,262

2,332

2,491

2,030

Page 4 of 10

26 October 2021

Associates

September 30, 2021

June 30, 2021

March 31, 2021

December 31, 2020

September 30, 2020

TOTAL

7,242

7,303

7,512

7,543

7,433

Whereof: Direct Manufacturing

1,431

1,452

1,489

1,452

1,370

RD&E

4,196

4,221

4,408

4,476

4,454

Temporary

1,196

1,257

1,372

1,359

1,258

Associates, net decreased by 61 to 7,242 during the quarter as compared to 7,303 in the previous quarter.

The decrease was mainly attributable to a decrease in RD&E associates and to a lesser extent in direct labor. The decreases were a result of the on-going MAIs.

Compared to September 30, 2020 the total number of associates decreased by

191. In support of increased production volumes direct manufacturing associates increased by 61, while RD&E staff decreased by 258 as a part of our on-going MAI's.

Other Topics and Events

Filings - Please refer to our Annual Report for definitions of terms used in this report. Veoneer's annual report on Form 10-K, quarterly reports on Form 10-Q, press releases, current reports on Form 8-K, proxy statement and other documents filed with the SEC can be obtained free of charge from Veoneer at the Company's address. These documents are also available at the SEC's website www.sec.gov and at Veoneer's corporate website www.veoneer.com.

Reporting Tables - Values in tables and other compilations have been rounded separately, therefore minor rounding differences may occur.

Next Report - The next Veoneer earnings report for the fourth quarter of 2021 is planned for Wednesday, February 2, 2022.

Contacts: Thomas Jonsson - EVP Communications & IR, +46 8 527 762 27 or thomas.jonsson@veoneer.com

Announcements during and subsequent to the third quarter

July 22/23 - Magna International Inc. and Veoneer, Inc announced that they had entered into a definitive merger agreement under which Magna will acquire Veoneer. Pursuant to the agreement, Magna was to acquire all of the outstanding shares of Veoneer at a price of $ 31.25 per share in cash.

August 5 - Veoneer confirmed that it had received a non-binding proposal from Qualcomm Incorporated to acquire all of the outstanding shares of Veoneer at a price of $37.00 per share in cash, (the "Qualcomm Proposal").

August 8- Veoneer announced that its board of directors had determined that the Qualcomm Proposal would reasonably be expected to result in a "Superior Proposal", as defined under the terms of Veoneer's merger agreement with Magna. As a result of the Board's determination, Veoneer engaged in discussions with Qualcomm.

August 20- Veoneer announced that it had, as part of the process following the previously announced merger agreement with Magna filed a preliminary proxy statement with the Securities and Exchange Commission for a special meeting of stockholders to consider the merger agreement with Magna.

September 2 - Veoneer announced that it set a date of October 19, 2021 for its special meeting of stockholders to consider the merger agreement with Magna.

September 6 - Veoneer announced that it is a proud contributor to the Highly Automated Driving solution in the Mercedes-BenzS-class, equipped to offer level 3 hands-offself-driving tech.

September 9 - Veoneer announced that it had filed a definitive proxy statement with the Securities and Exchange Commission for a Special Meeting of stockholders to consider the merger agreement with Magna.

September 13 - Veoneer confirmed that it had received an updated non-binding proposal from Qualcomm Incorporated providing for the acquisition of all of the outstanding shares of Veoneer at a price of $37.00 per share in cash.

September 20 - Magna and Veoneer, announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, or HSR Act, in connection with the previously announced acquisition of Veoneer by Magna.

October 4 - Veoneer, Qualcomm Incorporated and SSW Partners, a New York- based investment partnership, announced they had entered into a definitive merger agreement for the acquisition of Veoneer for $37.00 per share in an all-cash transaction, representing a total equity value for Veoneer of $4.5 billion. Veoneer terminated its prior acquisition agreement with Magna and canceled its October 19, 2021 special meeting of stockholders that was previously scheduled to approve that agreement.

October 15 - Veoneer announced that it had been recognized as a top- performing global supplier at the 23rd annual Ford World Excellence Awards. Veoneer was announced as a Create Must-Have Products winner at Ford Motor Company's virtual event.

October 20 - Veoneer, as part of the process following the previously announced merger agreement with SSW and Qualcomm, made the filing required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ("HSR Act"), as amended, and the rules and regulations thereunder. The applicable waiting period under the HSR Act is set to expire at 11:59 p.m. on November 19, 2021.

October 25 - Veoneer, as part of the process following the previously announced merger agreement with SSW and Qualcomm, filed a preliminary proxy statement with the Securities and Exchange Commission for a special meeting of stockholders to consider such merger agreement.

Definitions:AD - Autonomous Driving, ADAS - Advanced Driver Assistance Systems, AV (Autonomous Vehicle), CPV - Content per Vehicle, CMD - Capital Markets Day, ECU - Electronic Control Unit, JV - Joint Venture, LTM - Last Twelve Months, LVP - Light Vehicle Production according to IHS Markit, MAIs - Market Adjustment Initiatives OEM - Original Equipment Manufacturer, Order Book - Estimated total future sales attributable to documented new business awarded, based on estimated product volumes and pricing and exchange rates, Order Intake - Estimated future average annual sales attributable to documented new business awarded based on estimated average annual product volumes, average annual sales price for such products, and exchange rates, PP - Percentage Points, RCS (Restraint Control Systems), TAM (Total Addressable Market), VNBS JV - Veoneer Nissin Brake Systems Joint Venture, YoY - Year over Year.

This report is information that Veoneer, Inc. is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the EVP Communications and IR set out above, at 12:00 CET on Tuesday, October 26, 2021. Inquiries - Company Corporate website www.veoneer.com.

Qualcomm, Snapdragon, Snapdragon Ride are trademarks or registered trademarks of Qualcomm incorporated. Arriver is a registered trademark of Veoneer, Inc.

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Veoneer Inc. published this content on 26 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2021 10:25:11 UTC.