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To the extent that historical press releases reference BMW Manufacturing Co., LLC as the manufacturer of certain X model vehicles, the referenced vehicles are manufactured in South Carolina with a combination of U.S. origin and imported parts and components.

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BMW BEST VALUE LUXURY BRAND BY AUTOMOTIVE LEASE GUIDE

Woodcliff Lake, NJ - November 10, 2003 ... Automotive Lease Guide announced that BMW has received its 2004 Residual Value Award for the highest predicted retained value of any luxury brand. The ALG Brand Residual Awards are based on the 2004 ALG Brand Residual study. The study focused on residual over the entire portfolio of vehicles within a brand. Residual performance, new vehicle pricing, incentives and product competitiveness were critical factors.

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Receives ALG 2004 Residual Value Award for Highest Predicted Retained Value of
Any Luxury Brand

Woodcliff Lake, NJ - November 10, 2003 ... Automotive Lease Guide announced
that BMW has received its 2004 Residual Value Award for the highest predicted
retained value of any luxury brand. The ALG Brand Residual Awards are based on
the 2004 ALG Brand Residual study. The study focused on residual over the
entire portfolio of vehicles within a brand. Residual performance, new vehicle
pricing, incentives and product competitiveness were critical factors.

"Winning ALG's Luxury Brand Residual Value Award demonstrates the strength of
the entire BMW product line," said John Blair, Automotive Lease Guide's Chief
Executive Officer. "The competition is fierce in the luxury arena and to excel
it takes a consistent stream of successful product launches and a history of
steady resale values. BMW is doing both of these things very well."

"We're very pleased to receive this award from ALG," said Tom Purves, Chairman
and CEO of BMW of North America, LLC. "We have long believed that BMW's
continuing success in this market has been primarily due to the combination of
outstanding products that represent remarkable value. This award comes at a
time when we have yet to see the full effect of the unprecedented product
offensive on which BMW is currently embarked."

The product offensive includes the all-new 2004 5 Series and significantly
updated 2004 X5 SAV which are now in showrooms. It also includes the all-new
X3 SAV, which will be in showrooms on the 28th of this month and the return of
the BMW 6 Series, which will arrive early next year.

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 73 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, and leasing is available to consumers via
the Internet at:
www.bmwusa.com
www.bmwmotorradusa.com
www.miniusa.com
www.rolls-roycemotorcars.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.

# # #

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