Autoliv Raises Dividend and Calls Stockholders Meeting

12/17/2002 7:30 AM EST

(Stockholm, Dec. 17, 2002) -- Autoliv Inc. (NYSE: ALV and SSE: ALIV),
the worldwide leader in automotive safety, has decided to increase its
quarterly dividend to shareholders by 18% to US $.13 per share of common
stock from $.11. The dividend will be payable on Thursday March 6, 2003,
to the Autoliv stockholders of record of the close of business, Thursday
February 6, 2003.

In addition, Autoliv continues its share repurchase program under which
the Company has bought back just over 1.5 million Autoliv shares during
2002 for a total of approximately $30 million.

Stockholders Meeting
The Board also set April 29, 2003 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 4, 2003 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.

Corporate Governance
The Board also took actions in expanding policies on governance. The
adopted Corporate Governance Guidelines, Code of Business Conduct and
Ethics, Code of Ethics for Financial Officers, as well as Committee
Charters will be published on Autoliv's web site (www.autoliv.com).

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