BMW ORACLE RACING FOURTH OVERALL; TEAM LEARNS VALUABLE LESSONS IN VALENCIA

BMW ORACLE Racing completed the Louis Vuitton Act 5 fleet regatta in Valencia
in 4th place overall after three days of primarily light-air racing.

USA-76 skipper and tactician John Kostecki said the team had learned valuable
lessons in the Acts 4 and 5 regattas and would apply them in testing in the
months ahead as the team continues design work towards the America's Cup in
2007. The team will also continue in-house training in July in preparation for
this season's four additional regattas starting with Louis Vuitton Act 6 in
Malmo, Sweden, 25th August.

In the final race today, a broken gennaker on the first downwind run cost BMW
ORACLE Racing dearly and undid the steady progress USA-76 had made through the
fleet in the open stages of the race.

After a bold and unconventional port-tack start behind the fleet, USA-76 worked
its way into contention, rounding the first mark in 5th place and then
attacking down the leeward run to claim 3rd place at one point.

However, the light-wind gennaker ripped during a gybe and, by the time a
replacement gennaker was hoisted, USA-76 had slid back down the fleet. Going
into the final race, BMW ORACLE Racing was still in contention for the overall
win, but the final race result destroyed any chance of a top placing.

After a Race Committee protest against Victory Challenge for a breach of the
class rules, the Swedish team was disqualified from Race 4, which cost the team
overall victory in Act 5.

FINAL RACE SUMMARY -- BMW ORACLE Racing elected to make a bold move at the
start, crossing behind the fleet on port tack and then shooting out for the
right hand side of the course. The tactic paid off and, after playing the
shifts well up the first windward leg, USA-76 rounded the mark in 5th place.

Down the first leeward run, USA-76 continued to press the attack, moving up to
3rd place at one stage. However, as the team gybed from starboard onto port to
move into the middle of the course, their light-wind gennaker split across, a
third of the way from the top.

In the light fickle breeze, the loss of momentum was punishing and, by the time
a replacement gennaker was set, USA-76 had slid back in the fleet.

The team rounded the leeward mark 11th, picked up a place on the next upwind
leg, but were unable to make any further inroads and finished in 10th place.

The Spanish Desafio Espanol 2007 team won the race, closely followed by
Mascalzone Latino Capitalia and Victory Challenge.

QUOTES:
John Kostecki, BMW ORACLE Racing skipper/tactician on the port tack start: "At
first we wanted to go left, but it looked like way too much of a fight down at
the pin end of the line. We didn't want to tack and get mixed up in the bunch,
so we kept going on port, dipped the fleet and started on the right. It was a
smart move.

"We worked the shifts well up the beat and got ourselves in a good position."

On the broken gennaker during the downwind run: "We had worked ourselves into
3rd place when we gybed onto port. The gennaker caught on the jumper struts in
the gybe and ripped.

"There was a delay in getting a replacement up, because our spare halyard was
up the mast with the wind spotter. We had to get the broken gennaker down and
use that halyard for the replacement. At this point we were close to other
boats and, in the light air, they took our wind. It was a big disappointment."

Overall comments on Acts 4 and 5 in Valencia: "We have learned a lot. It was
good to check in and see the other teams all in Version Five. We didn't win
these regattas, but we are definitely not far off the pace.

"The fleet regatta was all in light airs and we were configured for a bit more
wind. Little things like that worked against us. Our boat has good speed -
probably not the fastest in light air, but we are not far off. We need to keep
our heads up and keep working. We have a big testing program coming up and we
will keep moving forward."

1 Luna Rossa Challenge (ITA) 46pts
2 Alinghi (SUI) 46pts
3 Emirates Team New Zealand (NZL) 43pts
4 BMW ORACLE Racing (USA) 39pts
5 Mascalzone Latino Capitalia (ITA) 38pts
6 Victory Challenge (SWE) 36pts
7 K-Challenge (FRA) 35pts
8 Desafio Espanol 2007 31pts
9 +39 Challenge (ITA) 26pts
10 United Internet Team Germany (GER) 25pts
11 China Team (CHN) 12pts
12 Team Shosholoza (RSA) 12pts

For further information please contact:

BMW Group
Nicole Stempinsky
Public Relations, BMW Sportkommunikation
Tel.: +49 382 51584
Fax: +49 382 28017
Email: nicole.stempinsky@bmw.de

Michael Kirsch
Head of Public Relations
Tel.: +49 382 25111
Fax: +49 382 28017
Email: michael.kirsch@bmw.de

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