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Autoliv Stockholders' Meeting and Dividend Declaration

8 December 1998

Autoliv Stockholders' Meeting and Dividend Declaration

    STOCKHOLM, Dec. 7 -- The Board of Directors of Autoliv Inc.
, a worldwide leader in automotive safety systems,
decided today to set May 6, 1999, as the date for the Annual General Meeting
of Stockholders.  The meeting will be held in Stockholm, Sweden.
    Holders of record at the close of business on March 8, 1999, will be
entitled to be present and vote at the Meeting.  Notice of the General
Meeting, the Annual Report and the Proxy Statement are intended to be mailed
to Autoliv's stockholders at the end of March.
    The Board of Directors also declared a dividend of US $.11 per share of
common stock payable on March 4, 1999, to Autoliv stockholders of record at
the close of business on February 4.
    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: ALIV) and its stock options on the Chicago Board Options
Exchange (CBOE: ALV.)