ORACLE BMW Racing Wins The Il Moro Trophy Regatta on San Francisco Bay

San Francisco, CA July 29, 2003 ... Sailing USA-76 on her home waters and in
brisk winds, the ORACLE BMW Racing crew won the Grand Prix division from
USA-49, the 2000-generation yacht once known as AmericaOne, but not without a
fight. Despite the generation gap between the boats, USA-49, steered by Peter
Stoneberg, gave the 2003 USA-76 a run for her money in many of the six races.
USA-76 owner Larry Ellison was at the helm from start to finish in all of the
races, with skipper Chris Dickson and helmsman Gavin Brady calling tactics.

"There was a lot of reaching around the harbor, which put our crew under a
little pressure," Brady said. "If we'd been in Auckland, USA-49 wouldn't have
been as competitive. But she's a narrow boat with a lot of sail surface area
and was very fast in some angles. It's hard to find good competition in a
non-America's Cup year, so we enjoyed the challenge." The six-boat fleet of
America's Cup Class yachts - including four vintage boats - enjoyed typically
breezy San Francisco conditions in the three-day regatta. "A windy day in
Auckland is a normal day in San Francisco. Competitors in the America's Cup
class had a lot of problems with breakage in Auckland, so it was good to beef
up the boat a bit and put it through its paces in a decent breeze," Brady said.
"The ORACLE BMW boats were always good in a breeze and if you could pick a
condition for them, you would pick a good wind."

ORACLE BMW Racing will follow up the Il Moro Trophy victory with a five day
match race on San Francisco Bay. The crew will split into two and race in Farr
40s. "This is the second phase of our time in San Francisco," Brady said. "Most
of us haven't had as much match racing this year as we usually would, so it
will be good to get out and do a bit more and gel more as a group."

During the Il Moro Trophy, organized by The Challenge Series and hosted by the
Sausalito Yacht Club, Larry Ellison participated in every race, and was able to
spend three days training with the crew before the regatta.

In September's Moët Cup, a showdown between Louis Vuitton Cup finalists ORACLE
BMW Racing and Swiss team Alinghi, Ellison will be required to drive the boat
in five of the 12 races, up against Alinghi's owner-driver, Ernesto Bertarelli.
Bertarelli has been preparing for the encounter at the Farr 40 world circuit.
"It's great having Larry on board the boat," Brady said. "He is able to get a
real appreciation of what's happening on the water, the chemistry and the
people, and that can only be an added strength in this team."

Information about the race results and updates during the event can be found by
visiting the Golden Gate Yacht Club web site at www.ggyc.com. For further
information about ORACLE BMW Racing, please visit: www.oraclebmwracing.com

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.bmwmotorradusa.com
http://www.miniusa.com

# # #

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.

# # #