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Report from the Autoliv Shareholders' Meeting

21 April 1998

Report from the Autoliv Shareholders' Meeting

    CHICAGO, April 21 -- Autoliv Inc. , a
worldwide leader in automotive safety systems, held the company's annual
meeting in Chicago today.  Shareholders' proxies were received in sufficient
quantity to approve all three proposals that came before the shareholders'
meeting.
    Per-Olof Aronson was elected a director of the corporation, the Autoliv
1997 Stock Incentive Plan was approved and Ernst & Young AB was ratified as
the Autoliv independent auditing firm for 1997 and 1998.

    Dividend
    At a board meeting following the shareholders' meeting a dividend of
11 cents per share of common stock was declared.  This dividend is payable on
June 4, 1998 to all shareholders of record at the close of business on May 7,
1998.
    Autoliv Inc. develops and manufactures automotive safety systems for all
major automotive manufacturers in the world.  The company has 60 wholly owned
subsidiaries and joint ventures with close to 20,000 employees in 27 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 1997 totaled US $3.3 billion and net income
US $185 million.  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.