1923 BMW R 32 CLINCHES INDUSTRY AWARD AT MOTORCYCLE CONCOURS D'ELEGANCE

Woodcliff Lake, NJ - May 31, 2006... A 1923 BMW R 32, the oldest known BMW
motorcycle in existence, received the Industry Award at the Legend of the
Motorcycle: International Concours d'Elegance. The first world-class concours
exclusively for motorcycles was held Saturday, May 6 on the lush coastal lawns
of the Ritz-Carlton in Half Moon Bay, California. More than 4,500 participants
from five continents attended the inaugural event and raised more than $22,000
for charitable organizations. While the concours judging was limited to bikes
produced before 1976, more than 250 motorcycles were on display, ranging from
an 1895 Pennington from British Columbia to a 2005 KTM Moto GP factory racer
shipped from Austria.

The Industry Award was presented to the BMW R 32 in recognition of its
historical impact on the motorcycle industry. Owner Evan Bell said that he
purchased the legendary R 32 motorcycle in Berlin in 1977 and restored it for
its 75th anniversary in 1998.

"It was really an honor to receive this award, considering some of the finest
motorcycle restorations in the world were on display at this concours,"
observed Bell, who has owned Irv Seaver Motorcycles in Orange, CA since 1979.
Commenting on the Industry Award, he added, "The R 32 truly represented a
turning point in motorcycle manufacturing at the time. It was something
completely different that has proven to withstand the test of time."

The 494 cc, 8.5 hp R 32 - BMW's first motorcycle - made its world debut at The
Paris Motor Show in 1923. Designed by Chief Engineer Max Friz, it featured a
horizontally opposed, four-stroke flat-twin, or "boxer" engine and shaft
drive. By 1926, more than 3,000 R 32 machines were produced, despite the fact
that, at 2,200 Reichmarks, it was more expensive than its competitors. The
two-wheeled sensation marked the beginning of a legacy of technological
innovation in the world of motorcycling, and the simple, yet effective design
of the boxer engine remains at the heart of many BMW motorcycles today.

Mr. Bell's 1923 R 32 is one of two R 32s in his collection of pre- and post-war
motorcycles. His 1924 BMW R 32 has been on display at the Art of the
Motorcycle Exhibition at the Orlando Museum since February. Six other restored
motorcycles are hung by cable across the front of his retailer showroom.

The Industry Award category was one of 16 classes and special categories judged
in the Legend of the Motorcycle: International Concours d'Elegance. The
following motorcycle industry executives participated in judging the Industry
Award:

* Todd Andersen, Triumph
* Erik Buell, Founder, Buell
* Claudio Castiglioni, President, Cagiva
* Arturo Pineiro, Vice-President, BMW Motorrad
* Dan Van Epps, Ducati