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Autoliv Declares Stockholders' Meeting and Dividend

8 December 1999

Autoliv Declares Stockholders' Meeting and Dividend

    STOCKHOLM, Sweden, Dec. 8 -- The Board of Directors of
Autoliv Inc. , the worldwide leader in automotive
safety systems, has set May 4, 2000, as the date for the Annual General
Meeting of Stockholders.  The meeting will be held in Chicago.  Holders of
record at the close of business on March 6, 2000 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.

     Dividend
     The Board of Directors also declared a dividend of US $.11 per share of
common stock payable on March 2, 2000, to Autoliv stockholders of record at
the close of business on February 3.

    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 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.)

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