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Report from the Autoliv Shareholders' Meeting

7 May 1999

Report from the Autoliv Shareholders' Meeting

    STOCKHOLM, May 6 -- Autoliv Inc. , the
worldwide leader in automotive safety systems, held its annual meeting in
Stockholm today.  Shareholders' proxies were received in sufficient quantity
to approve the three proposals that came before the shareholders' meeting.
    Wilhelm Kull, S. Jay Stewart and Roger W. Stone were re-elected directors
of the corporation, the Amendment to the Autoliv 1997 Stock Incentive Plan was
approved and Ernst & Young AB was ratified as Autoliv's independent auditing
firm for 1999.

    Dividend
    At the board meeting today, a dividend of 11 cents per share of common
stock was declared.  This dividend is payable on September 2, 1999 to all
shareholders of record at the close of business on August 5, 1999.

    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 more than 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.)

    Inquiries:  Mats Odman, Dir. Corp. Com.,  Tel. +46-8-58-72-06-23, or
    mob. +46-708-32-09-33
    Barry Murphy,  Director Investor Relations, Tel. +1-248-475-0409
    Website: http://www.autoliv.com