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BMW AG reaches agreement with investor on sale of the BMW Sauber F1 Team.

Tue Sep 15 13:23:22 CEST 2009 Press Release

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Munich/Hinwil, 15th September 2009. BMW AG, based in Munich, Germany, is pleased to announce today that Qadbak Investments Ltd, a Swiss-based foundation which represents the interests of certain Middle East and European based families, has agreed to purchase the BMW Sauber F1 Team, based in Hinwil, Switzerland. The contract was signed today (Tuesday).

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Joerg Kottmeier
BMW Group

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Munich/Hinwil, 15th September 2009. BMW AG, based in Munich, Germany, is pleased to announce today that Qadbak Investments Ltd, a Swiss-based foundation which represents the interests of certain Middle East and European based families, has agreed to purchase the BMW Sauber F1 Team, based in Hinwil, Switzerland. The contract was signed today (Tuesday).

A strong investor has therefore been found for the Hinwil-based team. Qadbak´s interest in the team will be represented by Lionel Fischer, a Swiss national.

BMW wishes Qadbak and the Sauber Team every success for the 2010 season and beyond.

For further information on the transaction, please contact:

Qadbak:

Tavistock Communications London, Tel.: +44 20 7920 3150.

BMW AG:

Jörg Kottmeier, Manager BMW Sports Communications, Tel.: +49 89 38223401.

Hanspeter Brack, Communications Hinwil, Tel.: +41 44 9379450.

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