Autolivs Chairman Retires

Autoliv's Chairman Retires (Stockholm, February 16, 2001) - Dr. Gunnar Bark, the Chairman of the Board of Directors of Autoliv Inc (NYSE:ALV and SSE:ALIV), has informed the Board that he plans to retire from the Board in conjunction with the Company's Annual General Meeting of Shareholders on April 24. The Board of Directors has therefore elected Mr. S. Jay Stewart as new Chairman of the Board, effective as of that day. In a comment on his resignation Gunnar Bark said "I want to do what I intended to do when I resigned in 1996 - have more time for my private business and for my family. But then the merger discussions with Morton ASP started and I had to postpone my plans and assumed the position as CEO and Chairman for the new company. Two years ago, I stepped down as CEO, and now that the new CEO is well established in his position, I can realize my plans and retire from the Board as well." Mr. Stewart has been a Director of Autoliv's Board since the merger in 1997 with Morton ASP, a division of Morton International Inc. He was Chairman and Chief Executive Officer of Morton International between 1994 and the end of 1999 and Director of that company from 1989. Mr. Stewart holds a Bachelor of Science degree in Chemical Engineering from the University of Cincinnati and an M.B.A. from West Virginia University. In a comment on Gunnar Bark's resignation Jay Stewart said "Gunnar Bark has been instrumental in building Autoliv to what it is today, the world- leading company in its industry from a small local company with less than $20 million in sales. On behalf of our Company, I want to thank Gunnar Bark for his unique contribution to Autoliv and the automotive safety industry" Dividend At its meeting the Board of Directors also declared a dividend of US $.11 per share of common stock payable on June 7, 2001, to Autoliv stockholders of record at the close of business on May 10. Autoliv Inc. develops and manufactures automotive safety systems for all major automotive manufacturers in the world. Together with its joint ventures Autoliv have close to 80 facilities with almost 30,000 employees in more than 30 vehicle-producing countries. In addition, the company has eight technical centers around the world, including 19 test tracks, more than any other automotive safety supplier. Sales in 2000 amounted to US $4.1 billion and net income US $170 million. The company's shares are listed on the New York Stock Exchange (NYSE: ALV) and its Swedish Depositary Receipts on the OM Stockholm Stock Exchange (SSE: ALIV). Autoliv Inc. Autoliv North America, Inc. Klarabergsviadukten 70, 320 Pacific Drive Sec. E P. O. Box 703 81, SE-107 Auburn Hills, MI 48326-1569, USA 24 Stockholm, Sweden Tel +46 (8) 58 72 06 23, Tel +1 (248) 475-0407, Fax +1 (248) Fax +46 (8) 24 44 79 475-9838 e-mail: e-mail: patrick.jarboe@autolivasp.com mats.odman@autoliv.com ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/02/16/20010216BIT00310/bit0001.doc http://www.bit.se/bitonline/2001/02/16/20010216BIT00310/bit0001.pdf