Autoliv Enters into License Agreement

(Stockholm, December 2, 2003) --- Autoliv's wholly-owned subsidiary OEA, Inc. has received $35 million as a one-time consideration for past and future use of certain initiator and inflator technologies.

In the current quarter, Autoliv considers to make provisions for warranty and contractual issues. If the provisions are made, the combined effect of the license agreement and the provisions will be an increase of Autoliv's pre-tax profit in the fourth quarter by approximately $15 million.

Inquiries:
Lars Westerberg, President & CEO, Autoliv Inc. Tel +81 (90) 4369-6999
Mats Ödman, Dir. Corp. Comm., Autoliv Inc. Tel +46 (708) 32 09 33