Autoliv Announces Incentive Compensation Awards

23 September 1997
Autoliv Announces Incentive Compensation Awards

    STOCKHOLM, Sept. 23 -- Autoliv Inc. , a worldwide
leader in automotive safety, has granted compensation awards to its executive
officers.  The awards were approved by the Company's Board of Directors, based
on a recommendation by the Compensation Committee of Autoliv Inc.
    As a part of the awards, Mr. Gunnar Bark, Chairman and Chief Executive
Officer of the Company, has been awarded a grant of 25,000 shares of Autoliv
Inc. common stock.  The stock grant is in lieu of any other annual bonus or
long-term incentive compensation.
    In addition, awards under Autoliv's Long-Term Incentive Plan have been
approved by the Board of Directors, based on a recommendation by the Company's
Compensation Committee, for senior Autoliv Inc. executives located in Sweden.
The value of these awards in the aggregate corresponds to the increase in
value of 45,000 Autoliv Inc. shares.  In the United States, senior Autoliv
officers have been granted stock option awards exercisable into an aggregate
of approximately 28,000 newly issued Autoliv Inc. common shares under
Autoliv's Stock Option Plan.
    The value of the stock options for the U.S. executives and the awards for
the non-U.S. executives will increase by the amount that the price per Autoliv
share exceeds US $35.75.  Subject to certain conditions and exceptions, the
options and the awards will be exercisable from August 1998 until August 2007.
    The Long-Term Incentive Plan and the Stock Option Plan cover a total of
some 15 key officers of the Autoliv Group.
    Autoliv Inc. manufactures airbags for driver, passenger and side-impact
applications, inflatable knee bolsters, seat belts, pretensioners, steering
wheels, seat components, child seats, sensors and electronics for virtually
all major automotive manufacturers in the world.  Autoliv Inc. has more than
50 wholly-owned subsidiaries and joint ventures with 16,000 employees in
25 vehicle-producing countries.  In addition, the company has more research
and development centers around the world, including 14 test tracks, than any
other automotive safety supplier.  Sales in 1996 totaled US $3.2 billion and
net income US $174 million.  The company's shares are listed on the New York
Stock Exchange , its Swedish Depository Receipts on the Stockholm
Stock Exchange (SSE: ALIV) and its stock options on the Chicago Board Options
Exchange (CBOE: ALV).

SOURCE  Autoliv, Inc.