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Autoliv's CEO Sees Strong Growth Prospects

30 September 1999

Autoliv's CEO Sees Strong Growth Prospects

    -- We expect to sell 50% more airbags already within two years than in
    1998. Although most of this growth will come from side-impact airbags,
    which command a lower price than frontal airbags, we are confident that
    our company will continue to show a faster growth trend than the total
    world market for automotive safety products, and we will thereby continue
    to take market shares.

    STOCKHOLM, Sweden, Sept. 29 -- Mr. Lars Westerberg, President
and Chief Executive Officer for Autoliv Inc. -- the
worldwide leader in automotive safety systems, made these comments to an
international audience of financial analysts and investors at the Company's
capital market conference in New York.
    - Last year, we sold more than 20 million frontal airbags and close to 8
million side-impact airbags or 28 million in total. But in our order books,
which reach out through the calendar year 2001, we currently show more than 40
million bags for that year and more than 20 million of them are side-impact
airbags.
    - We see a moderation in the pricing pressure, but the trend towards lower
average selling prices for airbags will continue as a result of the product
mix shift towards side-impact airbags which are smaller and therefore less
expensive than frontal airbags, Mr. Westerberg explained.
    - We continue to increase our supply value per vehicle by developing new
safety systems, such as anti-whiplash, roll-over protection and collision
warning systems, and by upgrading existing products by introducing, for
instance, smart airbags. These systems will reduce fatalities and human
suffering, and be the drivers for Autoliv's continued long-term growth,
declared Mr. Westerberg.

    Autoliv Inc. develops and manufactures automotive safety systems for all
major automotive manufacturers in the world. The company has more than
60 wholly owned subsidiaries and joint ventures with 22,000 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:
    Lars Westerberg, President & CEO, Autoliv Inc., +46-8-58-72-06-20
    Mats Odman, Dir. Corp. Com., +46-8-58-72-06-23, or mob. +46-708-32-09-33
    Barry Murphy, Director Investor Relations, +1-248-475-0409