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| Autoliv Expands Share Buy Back Program, Declares Dividend and Holds AGM - Q3 2003 |
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| (Stockholm, April 30, 2003)– Autoliv Inc. (NYSE: ALV and SSE: ALIV) – the worldwide leader in automotive safety systems – today announced that its Board of Directors has approved an expansion of the Company's stock repurchase program. As a result, management is authorized to repurchase an additional 10 million shares of its outstanding common stock in addition to the existing authorization of 10 million shares. Of this authorization, 7.7 million has been utilized following the repurchase of 1.7 million shares during the first quarter this year. Currently, Autoliv has 94.7 million shares outstanding. According to the authorization, purchases can be made from time to time as market and business conditions warrant, in open market, negotiated or block transactions.
Dividend
At the board meeting, a dividend of 13 US cents per share of common stock was declared. This dividend is payable on September 4, 2003, to all shareholders of record at the close of business on August 7, 2003. The Ex-date when the shares will trade without the right to the dividend is August 5.
Shareholders Meeting
The Company also held its Annual General Meting (AGM) of Shareholders. Proxies from Shareholders were received in sufficient quantity to approve the proposals that came before the shareholders' meeting.
This means that James M. Ringler, Tetsuo Sekiya and Per Welin were re-elected directors of the corporation for a regular three-year term, and that Ernst & Young AB was ratified as Autoliv's independent auditing firm for 2003.
Standing Committees
The board also re-elected the members to the Nominating & Corporate Governance Committee, the Compensation Committee and the Audit Committee except for Mr. Sekiya who had informed the Board that he did not want to be re-elected to the Audit Committee.
Inquiries:
Mats Ödman, Dir. Corp. Comm., Tel. +46 (8) 58 72 06 23,
or mob. +46 (708) 32 09 33
Patrick Jarboe, Director Investor Relations, Tel. +1 (248) 475-0407
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