Autoliv's Chairman Retires

    STOCKHOLM, Sweden, Feb. 16 Dr. Gunnar Bark, the Chairman
of the Board of Directors of Autoliv Inc (SSE: ALIV), has informed
the Board that he plans to retire from the Board in conjunction with the
Company's Annual General Meeting of Share holders on April 24.  The Board of
Directors has therefore elected Mr. S. Jay Stewart as new Chairman of the
Board, effective as of that day.
    In a comment on his resignation Gunnar Bark said, "I want to do what I
intended to do when I resigned in 1996 -- have more time for my private
business and for my family.  But then the merger discussions with Morton ASP
started and I had to postpone my plans and assumed the position as CEO and
Chairman for the new company.  Two years ago, I stepped down as CEO, and now
that the new CEO is well established in his position, I can realize my plans
and retire from the Board as well."
    Mr. Stewart has been a Director of Autoliv's Board since the merger in
1997 with Morton ASP, a division of Morton International Inc.  He was Chairman
and Chief Executive Officer of Morton International between 1994 and the end
of 1999 and Director of that company from 1989. Mr. Stewart holds a Bachelor
of Science degree in Chemical Engineering from the University of Cincinnati
and an M.B.A. from West Virginia University.
    In a comment on Gunnar Bark's resignation Jay Stewart said, "Gunnar Bark
has been instrumental in building Autoliv to what it is today, the
world-leading company in its industry from a small local company with less
than $20 million in sales.  On behalf of our Company, I want to thank Gunnar
Bark for his unique contribution to Autoliv and the automotive safety
industry."

    Dividend
    At its meeting the Board of Directors also declared a dividend of
US $.11 per share of common stock payable on June 7, 2001, to Autoliv
stockholders of record at the close of business on May 10.

    Autoliv Inc. develops and manufactures automotive safety systems for all
major automotive manufacturers in the world.  Together with its joint ventures
Autoliv have close to 80 facilities with almost 30,000 employees in more than
30 vehicle-producing countries. In addition, the company has eight technical
centers around the world, including 19 test tracks, more than any other
automotive safety supplier.  Sales in 2000 amounted to US $4.1 billion and net
income US $170 million.  The company's shares are listed on the New York Stock
Exchange and its Swedish Depositary Receipts on the OM Stockholm
Stock Exchange (SSE: ALIV).