America's Cup 2007: Planning is Well Under Way

Gavin Brady announced as new helmsman for ORACLE BMW Racing Team

Auckland, June 11, 2003 ... It is official: Gavin Brady has joined the ORACLE
BMW Racing Team as helmsman for the 2007 America's Cup Challenge. For the first
time in 156 years, the regatta will not be held in New Zealand-it will take
place in Europe instead. The current Cup holder, Swiss team Alinghi, is due to
announce the details of the venue by December 15 of this year.

"We are delighted to have recruited Gavin for our team. I believe he is the
best young helmsmen in the match-racing world, " said CEO Chris Dickson. "After
competing in the final of the 2003 Louis Vuitton Cup in Auckland against
Alinghi, we are now planning our campaign for 2007. Gavin is the right man for
this task and our team; he's young, determined and exceptionally talented."
Brady sailed with Dickson as tactician in the Louis Vuitton Cup semi-finals in
San Diego, USA in the 1995 America's Cup Challenge.

"I am very excited about being able to take part in the next America's Cup in
the ORACLE BMW Racing Team. We have ambitious goals, but with Chris Dickson and
the support of Larry Ellison and BMW, I am sure that we can mount a powerful
challenge," said Gavin Brady. "Now my goal is to concentrate on improving my
helming and match-racing skills so that I can be at the top of my game for the
next America's Cup. I'm really looking forward to working and sailing with
Chris again, he's a world class sailor and is committed to helping me to
improve", the 29-year-old New Zealander added.

Gavin Brady's first major task for the ORACLE BMW Racing Team will be on board
the USA-71 from June 16 - 22, 2003 at the IACC Regatta in San Francisco, USA.
Brady is assisting in organizing the sailing crew and training for this regatta
where he will share the helming duties with the team's Chairman, Larry Ellison.
Chris Dickson will sail as tactician.

Despite his youth, Gavin Brady is an experienced America's Cup-class sailor.
After sailing with Chris Dickson in the TAG Heuer Challenge in 1995, he was in
the AmericaOne afterguard in the 2000 challenge. For America's Cup 2003 he was
helmsman and a member of the afterguard for the Italian Prada Challenge.

Gavin Brady has also demonstrated his sailing skills many times in other
competitions. In April of this year, he came second at the Congressional Cup in
the United States-an event he previously won in 1996 and 1997. In 1997/1998, he
sailed in the Whitbread Round the World Race on board Chessie Racing.

His other winnings include two world championships in the Mumm 36 class as well
as world titles in IMS, 50-footers and the 2002 One Ton Cup. He represented New
Zealand at the 2000 Sydney Olympic Games in the Star class, and is campaigning
for the Athens 2004 Olympics in the same class.

BMW Group In America
BMW of North America has been present in the United States since 1975. Since
then, the BMW Group in the United States has grown to include marketing, sales
and financial service organizations for the BMW and MINI brands and Rolls-Royce
Motor Cars; DesignworksUSA, an industrial design firm in California; a
technology office in Silicon Valley and various other operations throughout the
country. BMW Manufacturing Corp. in South Carolina is part of BMW Group's
global manufacturing network and is the exclusive manufacturing plant for all
Z4 roadster and X5 Sports Activity Vehicles. The BMW Group sales organization
is represented in the U.S. through networks of 340 BMW car, 327 BMW Sports
Activity Vehicle, 148 BMW Motorcycle retailers, and 70 MINI dealers. BMW (US)
Holding Corp., the BMW Group's sales headquarters for North, Central and South
America, is located in Woodcliff Lake, New Jersey.

Information about BMW Group products is available to consumers via the Internet
at http://www.bmwusa.com http://www.bmwmotorcycles.com and
http://www.miniusa.com

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Journalist note: Information about the BMW Group and its products is available
to journalists on-line at the BMW Group PressClub at the following address -
www.press.bmwgroup.com.

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