FORMULA BMW USA ANNOUNCES 2004 SCHOLARSHIP WINNERS

Woodcliff Lake, NJ - February 11, 2004 ... BMW of North America, LLC proudly
announces the six $40,000 Formula BMW USA scholarship winners for the inaugural
2004 Formula BMW USA race series. The winners are Trevor Daley (17), Billy
Johnson (17), Graham Rahal (15), James Hinchcliffe (17), Tom Milner (17) and
Jonathan Summerton (15).

A total of 23 participants, most with karting experience, were invited from
North, Central and South America to take part in an intensive licensing program
and competition administered by BMW Motorsport. Held at the "Circuit de la
Communitat" from January 8-10, 2004 in Valencia, Spain, home to the Formula BMW
Racing Center, the participants varied in age from 15 to 23.

The course consisted of both classroom theory and on-track exercises to
introduce the young drivers to the sleek, 140-horsepower, 1000-pound Formula
BMW FB2. While quickest lap times were certainly a major component of the total
score, the final day's judging took into account car control, age and
improvement shown during the program. All of the participants earned an
International C competition license.

"If the talent and passion of these first Formula BMW USA participants is
any indication of what we will see when our season begins, then I believe the
future of Formula BMW USA is looking very bright," said Alex Schmuck, Formula
BMW USA Motorsports Manager. "The first cars have arrived in the United States
and we expect to release a schedule soon", he added.

Announced at the United States Grand Prix last September, Formula BMW USA
Joins the new UK series and the established championships in Germany and
Asia, making Formula BMW a true international formula for the aspiring
open-wheel driver.

BMW Group In America
BMW of North America, LLC has been present in the United States since 1975.
ROLLS-ROYCE Motor Cars NA, LLC began distributing vehicles in 2003. The BMW
Group in the United States has grown to include marketing, sales, and financial
service organizations for the BMW brand, the MINI brand, and the ROLLS-ROYCE
brand of 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 passenger car centers,
327 BMW Sports Activity Vehicle centers, 148 BMW motorcycle retailers, 73 MINI
passenger car dealers, and 25 ROLLS-ROYCE Motor Car 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:
www.bmwusa.com
www.bmwmotorradusa.com
www.miniusa.com
www.rolls-roycemotorcars.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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