Autoliv Correction

Autoliv Corrects: Autoliv Declares Dividend and Calls Stockholders Meeting (Stockholm, Dec. 17, 2003) -- Autoliv Inc. (NYSE: ALV and SSE: ALIV), the worldwide leader in automotive safety, has declared the next quarterly dividend to shareholders which will amount to US$ .15 per share of common stock and 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 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/12/18/20031218BIT00150/wkr0001.doc http://www.waymaker.net/bitonline/2003/12/18/20031218BIT00150/wkr0002.pdf

About Us

Autoliv, Inc. is the worldwide leader in automotive safety systems, and through its subsidiaries develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures, Autoliv has more than 80 facilities with 70,000 employees in 27 countries. In addition, the Company has 22 technical centers in nine countries around the world, with 19 test tracks, more than any other automotive safety supplier. Sales in 2016 amounted to about US $10.1 billion. The Company's shares are listed on the New York Stock Exchange (NYSE: ALV) and its Swedish Depository Receipts on the OMX Nordic Exchange in Stockholm (ALIV sdb). For more information about Autoliv, please visit our company website at www.autoliv.com.

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