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Autoliv Declares Dividend and Adopts Rights Plan

5 August 1997

Autoliv Declares Dividend and Adopts Rights Plan

    STOCKHOLM, Aug. 5 -- The Board of Directors of Autoliv Inc.
, a world-leading automotive safety company, has today
declared a dividend of U.S. $0.11 per share of common stock payable on
December 4, 1997, to the Autoliv stockholders of record at the close of
business on November 6, 1997.
    Autoliv Inc. intends to make payments of dividends four times per year on
the first Thursday in the months of September, December, March and June,
provided these days are banking days.  The previous dividend, which was
declared on July 8, will be paid on September 4.
    The Board has furthermore adopted a Shareholders Rights Plan designed to
deter coercive takeover tactics and to encourage third parties interested in
acquiring Autoliv, Inc. to negotiate with the Board of Directors to preserve
the best interest of all Autoliv stockholders.  To implement the Plan, a right
will be distributed on December 4, 1997, for each share of Autoliv's common
stock to holders of record at the close of business on November 6, 1997.  The
plan was not adopted in response to any effort to acquire control of Autoliv
and Autoliv is not aware of any such effort.
   Stockholders will receive comprehensive information by mail.

SOURCE  Autoliv Inc.