Market-leading 'Performance ISA' launched by BMW

BMW Savings today (11 July 2007) announced the launch of the new 'Guaranteed
BMW Performance ISA' - offering a market-leading rate of 6.57 % Gross/AER fixed
until 05 September 2008.

The 'Guaranteed BMW Performance ISA' is a one year fixed rate Mini Cash ISA and
can be opened from as little as £100 - up to a maximum of £3,000. Funds are
strictly limited and no ISA transfers are accepted. A Direct Investment Bond is
also available.

Enquiries and applications can be made to BMW Savings online at
www.bmwsavings.co.uk or by telephone on 0845 607 6130 (8am-8pm Mon-Thu,
8am-6.30pm Fri and 9am-5pm Sat).

Bob Chamberlain, General Manager - Banking, BMW Group Financial Services said:
"One of the appeals of the BMW brand is its guarantee of performance - whether
in motorsport, our vehicles or financial services. We think that the Guaranteed
BMW Performance ISA will appeal to BMW Drivers looking to improve their
investment performance, as well as a significant number of UK savers interested
in experiencing the rewards of BMW performance."

At the same time, the 'BMW eSaver' account - a flexible, no-notice savings
account which can be operated either online or by telephone - reacted to last
week's Bank of England decision by increasing its variable rate to 6.00%
Gross/AER.

-ENDS-

Note to Editors:
Key features of the 'Guaranteed BMW Performance ISA'
Interest rate: 6.57% gross/AER fixed until 05 September 2008
Minimum balance: £100
Maximum balance £3,000
Interest payment: On maturity
Maturity date: 05 September 2008
Notes: Funds are strictly limited
No ISA transfers will be accepted
Withdrawals permitted subject to 45 days loss of interest
Also available as a one year fixed rate Bond
Monthly interest option available (Bond version only)

BMW Financial Services:
BMW Financial Services was established in the UK in 1997 and reported a
turnover of £288 million in 2006. It manages a portfolio of assets amounting to
£3.1 billion and employs 266 people in the UK.

BMW Savings was launched in May 2006 in association with Newcastle Building
Society. The BMW Savings range consists of BMW eSaver account, Guaranteed BMW
Performance ISA and Bond, BMW 50:50 Balance Bond and the BMW Car Saver account.

For further information:

Angela Stangroom
Group Communications Manager
BMW Group UK
T: 01344 480 537
e: angela.stangroom@bmw.co.uk

Nicola Green
Corporate Communications Manager
Newcastle Building Society
T: 0191 244 2024
e: nicola.green@newcastle.co.uk