The BMW WilliamsF1 Team Launches The FW25 at Barcelona

Barcelona,Spain.... With an innovative chassis, strong engine and raised
expectations, the BMW WilliamsF1 Team unveiled its new car the WilliamsF1 BMW
FW25 at the Circuit de Catalunya in Spain. The car launch ceremony began at
11:30 hrs in front of an audience of international media and guests. Team
drivers Juan Pablo Montoya (COL) and Ralf Schumacher (GER) are scheduled to
complete their first laps in the new FW25 at 14:30 hrs, and give their
assessment of the new chassis and BMW's new P83 powerplant.
Patrick Head, Technical Director of WilliamsF1 commented, "The chassis derives
little from previous cars. The approach has relied less on iteration, and
instead has called for the generation of new ideas. 2002 showed us that our
chassis was a model of reliability, but that there's still room for improvement
particularly on the aerodynamic front. That's why the FW25 is a completely new
race car."

The FW25 is shorter than the FW24, under the skin all of the key installations
are reworked, not least of which is the drivetrain. In terms of the aero
package, WilliamsF1 has approached this car with a new philosophy, which is
apparent in the different visual appearance.

The FW25 was designed by a team led by Chief Designer Gavin Fisher at the
WilliamsF1 headquarters in Grove, while the engine was designed at the BMW F1
factory in Munich under the guidance of Heinz Paschen (Director of F1
Development).

"To achieve our aims," added BMW Motorsport Director Mario Theissen, "We have
built an even more powerful engine in Munich. Yet again, we were the first to
test it on the track and even earlier than last year. The BMW P83, like its two
predecessors, is designed to be the most powerful engine in Formula One."

Team Principal Frank Williams confirmed "We are well prepared and completely
determined to get to the top. We have a new, innovative chassis as a product of
a completely different way of thinking. And with the P83, BMW has developed
another new and more powerful engine. With Juan Pablo Montoya and Ralf
Schumacher we have two winning drivers ably assisted by a skilled and committed
team. Moreover, we have been very impressed by the performance steps taken by
Michelin over the winter."

Referring to the targets for 2003, BMW Motorsport Director Gerhard Berger said,
"We want to pick up from where we left off in terms of our qualifying
performance of 2002, especially under the new regulations for a single timed
lap. But for the 2003 season we have firmly resolved to claim more wins and
podium places. We're focused ahead while also keeping an eye on the competition
in the rear-view mirror."

The partnership between WilliamsF1 and BMW enters its fourth year in 2003, and
having so far demonstrated a year-on-year progression towards the ultimate goal
of securing a world championship title by 2004, both organisations are acutely
aware that there is significant expectation for the season ahead to realise the
team's ultimate ambitions.

A major initiative has been underway since June 2002 to better integrate the
WilliamsF1 and BMW operations. Process management improvements will more
closely integrate the partnership, accelerating the exchange of information,
linking production considerations between Oxford and Munich, and ultimately
delivering developments to the track in a shorter and more effective fashion.
However, with major changes envisaged after the January 15 FIA meeting, the
season is certain to be less predictable.

In spite of what is widely regarded as a difficult economic climate, the BMW
WilliamsF1 Team has maintained a strong commercial momentum going into the 2003
season. Before the New Year, the team announced renewals of long term
associations with Accenture (September) and Petrobras (December), bringing the
duration of these two partnerships to sixteen years in total. Reuters also
announced a renewed association with the team, with their branding now visible
on team assets such as radio headsets. With an established principal
partnership with HP carrying over into 2003, other major sponsors such as
Allianz, FedEx and 7 Up (who have increased their commitment to the team) are
joined by two new global organisations for the new season ahead. Technical
sponsors Castrol and Michelin continue to contribute vital technology and funds
to the team.

Oris, the premium Swiss watch manufacturer join the BMW WilliamsF1 Team as an
official supplier as do PPG, the industrial conglomerate, who will supply the
team with specialist paint coatings.

In conclusion to a hectic commercial winter, BMW WilliamsF1 Team Principal
Frank Williams said, "It is undoubtedly a tougher commercial terrain out there,
but I am extremely pleased that the team has managed to buck the trend. It is
heartening that both our existing partners continue to derive value from their
association with Formula One, and that we have attracted valuable new
partnerships with some extremely prestigious organisations."

Alongside Montoya and Schumacher, Spaniard Marc Gené, the team's official test
driver, will support the car's development programme. The first official test
session for the FW25 will start on the 1st of February at the Circuit de
Catalunya.

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