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Autoliv Inc. Declares Dividend

7 August 1998

Autoliv Inc. Declares Dividend

    STOCKHOLM, Sweden, Aug. 7 -- The Board of Directors of
Autoliv Inc. , a worldwide leader
in automotive safety, has declared a dividend of US$0.11 per share of common
stock payable on December 3, 1998, to the Autoliv stockholders of record at
the close of business on November 5, 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 (Stockholm Stock Exchange: ALIV), and its stock options on the
Chicago Board Options Exchange (CBOE: ALV).