MINI PLANT OXFORD TO EXPAND WITH NEW INVESTMENT

BMW Group to invest over £100 Million/ $188 Million to Further Optimize
Production Capacity

Oxford, England/ Munich, Germany - February 16, 2005... The BMW Group will be
investing over £100 million or more than $188 million USD in the Oxford plant
between now and 2007 and will be creating around 200 new jobs in MINI
production. Most of this investment will be in the further optimization of the
plant?s production capacities, mainly in a new body shell production building
and in further modernization of the paint shop.

By laying the foundation stone for the body shell production building, which
will cover about 15,000 m2 (or about 161,500 square feet), Dr. Norbert
Reithofer, Member of the Board, Production, at BMW AG, today signalled the
start of preparation for MINI production to meet the future requirements of the
brand and the market. "These measures will allow us to react even more
flexibly to the high demand for MINI throughout the world. At the same time,
we are increasing our flexibility with regards to the production of various
MINI model variants", said Reithofer.

Since its market launch in 2001, production figures for the MINI, originally
planned at around 100,000 MINI vehicles per year, reached a record level of
189,492 in 2004. The total number of employees has risen to 4,500 to date.

The growth in recent years has been based on continuous efficiency through
improvements in the production process and innovative working time models.
With company operating times being separated from the employees' personal
working times, the Oxford plant has been able to run production for up to 134
hours a week, depending on levels of demand.

Since 2000, the BMW Group has invested a total of £280 million or just over
$527 million USD in the production of MINI vehicles in Oxford until today.