Autoliv Extends Tender Offer for OEA Shares

Autoliv Extends Tender Offer for OEA Shares (Stockholm, April 25, 2000) - Autoliv, Inc. (NYSE: ALV and SSE: ALIV) - the worldwide leader in automotive safety systems - announced today that its indirect wholly owned subsidiary, OEA Merger Corporation, is extending its offer to purchase all outstanding shares of common stock of OEA, Inc. for $10.00 per share, net to the seller in cash, until midnight, New York City time, on Monday, May 1, 2000. The offer had previously been scheduled to expire on April 24, 2000. The terms of the extended offer otherwise are identical to the original offer as set forth in offering materials filed with the Securities and Exchange Commission on March 24, 2000. Based on information provided by First Chicago Trust Company of New York, as Depositary, 17,863,616 shares of OEA, Inc. have been validly tendered and not properly withdrawn (including 158,521 shares subject to guarantees of delivery), representing approximately 81% of all outstanding shares. Under the terms of the Amended and Restated Agreement and Plan of Merger dated as of March 12, 2000 between Autoliv, Inc., OEA Merger Corporation and OEA, Inc., OEA Merger Corporation may extend the offer for five business days if the number of shares validly tendered and not properly withdrawn is less than 90% of all outstanding shares. OEA Merger Corpora- tion is extending the offer in order to obtain 90% of all outstanding shares. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/04/25/20000425BIT00580/bit0001.doc http://www.bit.se/bitonline/2000/04/25/20000425BIT00580/bit0002.pdf