BMW ORACLE Racing Ramps Up for 2006 Season. New Additions to Sailing Team include top Danish Match Racer.

Valencia, Spain. BMW ORACLE Racing, the top ranked Challenger for the 32nd
America's Cup, is back in Valencia preparing for the start of the 2006 sailing
season. The team is completing its new base in the Port America's Cup,
preparing for sailing this spring and adding new talent to the sailing team.
Construction of the team's first new generation race boat continues in
Anacortes, WA, in the USA.

"After a well-deserved holiday break, we are all ready to get back to
business," said BMW ORACLE Racing CEO and Skipper Chris Dickson. "Eighteen
months from now, the 32nd America's Cup will be over, making each day between
now and then extremely valuable. This is a critical year for us. We will be
operating from our new base, we will launch and sail the first of our new race
boats, we will continue development of the new boat and start designing a
second new boat, and we will be out on the race course continuing our crew
development and improving performance. We have three important pre-Regattas all
in Valencia as well as a full schedule of match racing. This year will be a
good barometer as to where we stand for 2007."

Sailing Team
Dickson and tactician Bertrand Pacé are not wasting any time getting onto the
race course. The 2006 racing season starts this week with the Auckland Match
Racing Cup in New Zealand. Dickson and Pacé each lead a BMW ORACLE Racing crew
at this Grade 1 match racing event. Dickson will sail with Paul Westlake,
Robbie Naismith, Kazuhiko Sofuku, and Jamie Gale. Pacé sails with Rod Dawson,
Brad Webb, Zach Hurst, and Sean Clarkson.

When the sailing team reports to Valencia in February, the new additions will
include world-class match racer Sten Mohr who joins the afterguard. Other new
additions include New Zealander Morgan Trubovich, Australian Nick Partridge and
American John Ziskind. New Zealander Paul Wallbank joins the sailing team as
physical trainer/conditioner.

The team will be two-boat training and testing this spring in Valencia prior to
the start of competition in the three America's Cup Class pre-Regattas, Louis
Vuitton Acts 10, 11 and 12. The first regatta starts May 11 in Valencia. "As
we get back to running a full two-boat testing and training program, we will
need to sail with two complete race crews," Dickson said. "We had a few spots
to fill to achieve that goal. Sten Mohr brings additional depth to our
afterguard."

The Danish match racing veteran Mohr will be part of the sailing team
afterguard. Mohr, often found at or near the top of the International Sailing
Federation's (ISAF) world match racing ranking list, recently sailed with the
Victory Challenge team.

Trubovich, 33, from Auckland, New Zealand, joins the sailing team as a trimmer.
This will be his fourth America's Cup (1995 Team New Zealand, 2000 AmericaOne
and 2003 Stars & Stripes). Partridge, 30, sailed with BMW ORACLE Racing
extensively during the 2005 two-boat testing program in Valencia. Part of the
winning 2005 Fastnet Race with Maximus, Partridge joins the foredeck crew.
Wallbank, 33, a well-known boxing trainer in Auckland also is a former sparring
partner for New Zealand World Heavyweight contender "Tuaman." Ziskind, a member
of Oracle BMW Racing in the 2002-2003 campaign, returned to the team at the end
of 2005 season and will sail this year as a trimmer. A former World Match
Racing Champion, the American is in his third Cup campaign.

New Boat
New boat construction continues throughout the winter at the purpose-built
facility in Anacortes, WA in the US. Team members Mark Turner, Mark Somerville,
and Tim Smyth are managing the build of the team's first new race boat. BMW
engineers are on site contributing their automotive and technical know-how as
part of the Seattle-based structural engineering team. The boat's keel fin is
being manufactured at a BMW facility in Eisenach, Germany. The boat will be
launched this spring at a date to be announced.

New Base at World-Class Venue
Construction of the new BMW ORACLE Racing team base on the Port America's Cup
in Valencia is nearing completion. A formal base opening will be scheduled this
spring at a date to be announced. Once the base is complete, the team looks
forward to welcoming the public to its innovative interactive centre. While the
team's global operations are ongoing at various sites around the world, the 125
Valencia based team members will be working from the base when the program is
at full capacity this spring.

The team's base is part of the overall event development at the Port America's
Cup. Since the regattas staged in Valencia last June, the harbour area, which
serves as the focal point of the shoreside America's Cup activities, has
undergone major construction works. Most of the team bases are finished or
nearing completion and commercial truck traffic has been re-routed away from
the waterfront. A canal has cut to allow the boats a short tow to the race
course.

"We are on track to where we wanted to be at this stage of the campaign,"
Dickson said.
I am pleased with progress to date and look forward to what promises to be a
busy but exciting year as we see years of vision and planning becoming a
tangible reality. We are here only through tremendous dedication from the
entire team and the ongoing support of our partners and sponsors as well as our
families. I am proud of what we have achieved to get to this stage. The true
test awaits us on the water."

The New Era Delivers Results
With 18 months remaining for the 2007 America's Cup cycle, the New Era of the
event in Europe is delivering the results hoped for, Dickson says. "The 2005
television and media results demonstrate the commercial value of a continuous
circuit of racing in the years leading up to the America's Cup. This hopefully
will provide a good basis for more coverage in 2006 as momentum builds for
2007. We look forward to welcoming even more fans to Valencia to watch the
thrilling competition in 2006."

About BMW ORACLE Racing
BMW ORACLE Racing is the Challenger of Record for the 32nd America's Cup,
representing Golden Gate Yacht Club of San Francisco, and the only American
entry in the contest for sailing's most prestigious prize and the oldest trophy
in international sport. Team owner is American Larry Ellison, CEO of Oracle
Corporation. Partner of the team is German premium car manufacturer BMW.
Sponsors include Allianz, leading global financial services provider;
Girard-Perregaux, Swiss manufacturer of high-class mechanical timepieces, and
Henri Lloyd, Technology Partner and supplier of team clothing. BMW ORACLE
Racing is currently the top-ranked Challenger for the 2007 Louis Vuitton Cup,
the Challenger Selection Series for the 32nd America's Cup. Eleven teams from
nine nations are challenging for the Cup, with the winning Challenger facing
the Swiss Defender Team Alinghi in the 32nd America's Cup Match in June 2007 in
Valencia.

Photo and video material are available from BMW ORACLE Racing at
www.bmor-photo.com and www.bmor-video.com.

For further information please contact:

BMW ORACLE Racing Ramps Up for 2006 Season
New Additions to Sailing Team include top Danish Match Racer
Sten Mohr

Valencia, Spain. BMW ORACLE Racing, the top ranked Challenger for the 32nd
America's Cup, is back in Valencia preparing for the start of the 2006 sailing
season. The team is completing its new base in the Port America's Cup,
preparing for sailing this spring and adding new talent to the sailing team.
Construction of the team's first new generation race boat continues in
Anacortes, WA, in the USA.

"After a well-deserved holiday break, we are all ready to get back to
business," said BMW ORACLE Racing CEO and Skipper Chris Dickson. "Eighteen
months from now, the 32nd America's Cup will be over, making each day between
now and then extremely valuable. This is a critical year for us. We will be
operating from our new base, we will launch and sail the first of our new race
boats, we will continue development of the new boat and start designing a
second new boat, and we will be out on the race course continuing our crew
development and improving performance. We have three important pre-Regattas all
in Valencia as well as a full schedule of match racing. This year will be a
good barometer as to where we stand for 2007."

Sailing Team
Dickson and tactician Bertrand Pacé are not wasting any time getting onto the
race course. The 2006 racing season starts this week with the Auckland Match
Racing Cup in New Zealand. Dickson and Pacé each lead a BMW ORACLE Racing crew
at this Grade 1 match racing event. Dickson will sail with Paul Westlake,
Robbie Naismith, Kazuhiko Sofuku, and Jamie Gale. Pacé sails with Rod Dawson,
Brad Webb, Zach Hurst, and Sean Clarkson.

When the sailing team reports to Valencia in February, the new additions will
include world-class match racer Sten Mohr who joins the afterguard. Other new
additions include New Zealander Morgan Trubovich, Australian Nick Partridge and
American John Ziskind. New Zealander Paul Wallbank joins the sailing team as
physical trainer/conditioner.

The team will be two-boat training and testing this spring in Valencia prior to
the start of competition in the three America's Cup Class pre-Regattas, Louis
Vuitton Acts 10, 11 and 12. The first regatta starts May 11 in Valencia. "As
we get back to running a full two-boat testing and training program, we will
need to sail with two complete race crews," Dickson said. "We had a few spots
to fill to achieve that goal. Sten Mohr brings additional depth to our
afterguard."

The Danish match racing veteran Mohr will be part of the sailing team
afterguard. Mohr, often found at or near the top of the International Sailing
Federation's (ISAF) world match racing ranking list, recently sailed with the
Victory Challenge team.

Trubovich, 33, from Auckland, New Zealand, joins the sailing team as a trimmer.
This will be his fourth America's Cup (1995 Team New Zealand, 2000 AmericaOne
and 2003 Stars & Stripes). Partridge, 30, sailed with BMW ORACLE Racing
extensively during the 2005 two-boat testing program in Valencia. Part of the
winning 2005 Fastnet Race with Maximus, Partridge joins the foredeck crew.
Wallbank, 33, a well-known boxing trainer in Auckland also is a former sparring
partner for New Zealand World Heavyweight contender "Tuaman." Ziskind, a member
of Oracle BMW Racing in the 2002-2003 campaign, returned to the team at the end
of 2005 season and will sail this year as a trimmer. A former World Match
Racing Champion, the American is in his third Cup campaign.

New Boat
New boat construction continues throughout the winter at the purpose-built
facility in Anacortes, WA in the US. Team members Mark Turner, Mark Somerville,
and Tim Smyth are managing the build of the team's first new race boat. BMW
engineers are on site contributing their automotive and technical know-how as
part of the Seattle-based structural engineering team. The boat's keel fin is
being manufactured at a BMW facility in Eisenach, Germany. The boat will be
launched this spring at a date to be announced.

New Base at World-Class Venue
Construction of the new BMW ORACLE Racing team base on the Port America's Cup
in Valencia is nearing completion. A formal base opening will be scheduled this
spring at a date to be announced. Once the base is complete, the team looks
forward to welcoming the public to its innovative interactive centre. While the
team's global operations are ongoing at various sites around the world, the 125
Valencia based team members will be working from the base when the program is
at full capacity this spring.

The team's base is part of the overall event development at the Port America's
Cup. Since the regattas staged in Valencia last June, the harbour area, which
serves as the focal point of the shoreside America's Cup activities, has
undergone major construction works. Most of the team bases are finished or
nearing completion and commercial truck traffic has been re-routed away from
the waterfront. A canal has cut to allow the boats a short tow to the race
course.

"We are on track to where we wanted to be at this stage of the campaign,"
Dickson said.
I am pleased with progress to date and look forward to what promises to be a
busy but exciting year as we see years of vision and planning becoming a
tangible reality. We are here only through tremendous dedication from the
entire team and the ongoing support of our partners and sponsors as well as our
families. I am proud of what we have achieved to get to this stage. The true
test awaits us on the water."

The New Era Delivers Results
With 18 months remaining for the 2007 America's Cup cycle, the New Era of the
event in Europe is delivering the results hoped for, Dickson says. "The 2005
television and media results demonstrate the commercial value of a continuous
circuit of racing in the years leading up to the America's Cup. This hopefully
will provide a good basis for more coverage in 2006 as momentum builds for
2007. We look forward to welcoming even more fans to Valencia to watch the
thrilling competition in 2006."

About BMW ORACLE Racing
BMW ORACLE Racing is the Challenger of Record for the 32nd America's Cup,
representing Golden Gate Yacht Club of San Francisco, and the only American
entry in the contest for sailing's most prestigious prize and the oldest trophy
in international sport. Team owner is American Larry Ellison, CEO of Oracle
Corporation. Partner of the team is German premium car manufacturer BMW.
Sponsors include Allianz, leading global financial services provider;
Girard-Perregaux, Swiss manufacturer of high-class mechanical timepieces, and
Henri Lloyd, Technology Partner and supplier of team clothing. BMW ORACLE
Racing is currently the top-ranked Challenger for the 2007 Louis Vuitton Cup,
the Challenger Selection Series for the 32nd America's Cup. Eleven teams from
nine nations are challenging for the Cup, with the winning Challenger facing
the Swiss Defender Team Alinghi in the 32nd America's Cup Match in June 2007 in
Valencia.

Photo and video material are available from BMW ORACLE Racing at
www.bmor-photo.com and www.bmor-video.com.

For further information please contact:

BMW Group
Nicole Stempinsky
Tel.: +49 (0) 89-382 51 584
Fax: +49 (0) 89-382 28017

Michael Kirsch
Tel.: +49 (0) 89-382 25111
Fax: +49 (0) 89-382 28017

E-Mail: presse@bmwgroup.com
Internet: www.bmworacleracing.com
www.press.bmwgroup.com