Autoliv Raises Dividend and Calls Stockholders Meeting

Autoliv Raises Dividend and Calls Stockholders Meeting (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 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/12/17/20021217BIT00670/wkr0001.doc http://www.waymaker.net/bitonline/2002/12/17/20021217BIT00670/wkr0002.pdf