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Autoliv Sells A Marling Unit

5 March 1998

Autoliv Sells A Marling Unit

    STOCKHOLM, March 5 -- Autoliv Inc. ,
a worldwide leader in automotive safety, has decided to sell Moxham Industrial
Pty Ltd, a non-core business for Autoliv within the recently acquired Marling
Industries plc group.
    An agreement to this effect has been reached with the French company
Christian Dalloz S.A., a world's leading manufacturer of Fall Protection and
similar safety equipment.  Moxham is a leading Fall Protection and sling
manufacturer in Australia with annual sales of $A 8.5 million (approx. US $6
million).
    The sale of Moxham is expected to have only a marginal positive effect on
Autoliv's cash position.
    The main business of the Marling group, which Autoliv acquired in October
last year, is seat belt webbing for automobiles.
    The deal has already been approved by the Australian Foreign Investment
Review Board and completion will take place on or before March 11.
    Autoliv Inc. develops and manufactures automotive safety systems for all
major automotive manufacturers in the world.  The company has more than 60
wholly-owned subsidiaries and joint ventures with close to 20,000 employees in
27 vehicle-producing countries.  Autoliv has 19 test tracks, more than any
other automotive safety supplier.  Sales in 1997 totaled US $3.3 billion. The
company's shares are listed on the New York Stock Exchange , its
Swedish Depositary Receipts on the Stockholm Stock Exchange (SSE: ALIV) and
its stock options on the Chicago Board Options Exchange (CBOE: ALV).

SOURCE  Autoliv Inc.