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Autoliv Elects New Director and Declares Dividends

10 February 1999

Autoliv Elects New Director and Declares Dividends

    STOCKHOLM, Sweden, Feb. 10 -- Autoliv Inc.
, a worldwide leader in automotive safety has today elected
the company's new President and Chief Executive Officer, Mr. Lars Westerberg,
new Director of the Board for a regular three-year term, expiring at the
Annual Stockholders' Meeting in 2002.  He assumed his executive positions on
February 1.
    The Board also declared a dividend of US $.11 per share of common stock,
payable on Thursday, June 3, 1999, to the Autoliv stockholders on record of
the close of business on Thursday, May 6, 1999.
    Autoliv Inc. develops and manufactures automotive safety systems for all
major automotive manufactures in the world.  The company has 60 wholly-owned
subsidiaries and joint ventures with over 20,000 employees in
28 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 1998 amounted to close to
US $3.5 billion and net income US $188 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)

    CONTACT:  Mats Odman, Dir. Corp. Com., +46-8-58-72-06-23, or mobile,
              +46-708-32-09-33, or Barry Murphy, Director Investor Relations,
              248-475-0409, both of Autoliv.