Autoliv declares Dividend and Calls Stockholders Meeting

12/18/2003 3:26 AM EST

Autoliv Raises Dividend and Calls Stockholders Meeting

(Stockholm, Dec. 17, 2003) -- Autoliv Inc. (NYSE: ALV and SSE: ALIV),
the worldwide leader in automotive safety, has decided to increase its
quarterly dividend to shareholders by 13% to US $.17 per share of common
stock from $.15. This is the third time in the last 12 months that
Autoliv raises its dividend. The new dividend will be payable on
Thursday March 4, 2004, to the Autoliv stockholders of record of the
close of business, Thursday February 5, 2004.

Stockholders Meeting
The Board also set April 27, 2004 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 2, 2004 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, starting in the week of March 8, 2004.

Inquiries:
Mats Ödman, Dir. Corp. Com., Tel. +46 (8) 58 72 06 23, or
mobile +46 (708) 32 09 33
Patrick Jarboe, Director Investor Relations, Tel. +1 (248) 475-0407