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Autoliv Declares Dividend

15 December 1997

Autoliv Declares Dividend

    STOCKHOLM, Dec. 15 -- The Board of Directors of Autoliv Inc.
, a leading global automotive safety company, declared
today a dividend of US $0.11 per share of common stock, payable on March 5,
1998, to the Autoliv stockholders of record at the close of business on
February 5, 1998.
    Autoliv Inc. intends to pay dividends on the first Thursday in the last
month in each quarter (i.e. March, June, September and December) to its
stockholders.
    The Autoliv Board of Directors has set April 21, 1998, as the date for the
Annual General Meeting of Stockholders.  The 1998 meeting will be held in
Chicago, Illinois.  Holders of record at the close of business on February 26,
1998, are entitled to be present and vote at the Meeting and will be provided
proxy statements by mail.
    As previously announced the Board adopted a Shareholder Rights Plan at its
August meeting, with an effective date of December 4, 1997.  A summary of the
plan can be obtained from the company.
    Autoliv Inc. manufactures airbags for driver, passenger and side-impact
applications, knee bolsters, seat belts, pretensioners, steering wheels, seat
components, sensors and electronics for virtually all major automotive
manufacturers in the world.  Autoliv Inc. has 60 wholly-owned subsidiaries and
joint ventures with 17,000 employees in 28 vehicle-producing countries.  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 of Option Exchange (CBOE: ALV).

SOURCE  Autoliv Inc.