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Autoliv Sells OEA Aerospace, Inc.

29 November 2000

Autoliv Sells OEA Aerospace, Inc.

    STOCKHOLM, Sweden, Nov. 29 Autoliv Inc. -- the
worldwide leader in automotive safety systems -- announced today that it has
agreed to sell substantially all of the assets of OEA Aerospace, Inc., to The
BFGoodrich Company.  The companies expect to complete the cash transaction by
year end or early January 2001, pending completion of government reviews.  The
purchase price was not disclosed.
    OEA Aerospace, Inc. produces propellant-actuated devices for aerospace and
military applications.  Located in Fairfield, California, USA, OEA Aerospace
employs 250 people and has current annual sales of approximately $35 million.
    "The OEA Aerospace business has a rich history of innovation in energetic
and pyrotechnic materials," said Tom Hartman, president of Autoliv Inflators.
"We are pleased to have found a buyer who will continue to invest in the
business and build on this strong foundation by supporting ongoing customer
initiatives."
    The divestiture of the aerospace business follows upon the sale of eight
other non-core units over the last two years allowing Autoliv to significantly
reduce its net debt and operating costs.  The sale of the aerospace business
will not have a material effect on Autoliv's earnings.

    Autoliv Inc. develops and manufactures automotive safety systems for all
major automotive manufacturers in the world.  Together with its joint ventures
Autoliv has close to 80 facilities with almost 30,000 employees in more than
30 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 1999 amounted to US $3.8 billion and net
income US $200 million.  The company's shares are listed on the New York Stock
Exchange and its Swedish Depositary Receipts on the OM Stockholm
Stock Exchange (SSE: ALIV).

    The BFGoodrich Company has its headquarters in Charlotte,
North Carolina and employs 27,000 people worldwide.  BFGoodrich's major
business segments currently include Aerospace, Performance Materials and
Engineered Industrial Products.  Its Aerospace Segment, which accounts for
$3.6 billion of the company's $5.5 billion in annual sales, is one of the
world's leading suppliers of components, systems, and services to the
aerospace industry.