Autoliv elects new Board Member, announces Stockholder's Meeting and declares dividend

12/14/2001 9:06 AM EST

Autoliv Elects New Board Member, Announces
Stockholders' Meeting and Declares Dividend

(Stockholm, Dec. 14, 2001) -- The Board of Directors of Autoliv Inc.
(NYSE: ALV and SSE: ALIV), the worldwide leader in automotive safety
systems, decided at its meeting today to increase the number of
directors to nine and to elect Mr. James Ringler as new director to
serve until the annual meeting in 2003.

Mr. Ringler is Vice Chairman of Illinois Tool Works Inc (ITW), a $10
billion diversified manufacturer of highly engineered components and
industrial systems for customers around the world. He also serves on the
boards of the Dow Chemical Company, FMC Technologies, Inc. and other
companies. James Ringler has been the Chairman, President Chief
Executive Officer of Premark International Inc., a $3 billion
diversified manufacturing company with its shares listed on the New York
Stock Exchange. Before joining Premark, Mr. Ringler was President of
White Consolidated Industries' Major Appliance Group, a $2.5 billion
subsidiary of Electrolux AB. Mr. Ringler holds an M.B.A. in finance from
the State University of New York.

Meeting of Stockholders
At its meeting, the Board also set April 24, 2002, 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 February 26, 2002 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 7, 2002, to Autoliv stockholders of record
at the close of business on February 7.

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) 475-0409