Bayerische Motoren Werke AG

euro adhoc: Bayerische Motoren Werke AG
Buybacks
PROGRAMME TO BUY BACK SHARES OF COMMON STOCK

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20.09.2005

CONVENIENCE TRANSLATION ONLY GERMAN VERSION IS BINDING

Disclosure of Price Sensitive Information  (Ad-hoc-information pursuant to Sec. 15 German Securities Trading Act)

PROGRAMME TO BUY BACK SHARES OF COMMON STOCK

Munich, September 20, 2005

On May 12, 2005 the Annual General Meeting of Shareholders of Bayerische Motoren Werke Aktiengesellschaft (BMW AG) authorised the Board of Management to buy back BMW AG shares via the stock exchange up to a maximum of 10% of the share capital in place at the date of the resolution and to withdraw such shares from circulation without any requirement for a further resolution at the Annual General Meeting. The authorisation to buy back stock remains valid until November 11, 2006. The purchase price paid by BMW AG per share (excluding transaction costs) may not be more than 10% above or below the market price as determined on the date of trading by the opening auction in the XETRA trading system.

Based on the authorisation given by the Annual General Meeting of Shareholders on May 12, 2005, the Board of Management of BMW AG approved a programme to buy back shares via the stock exchange on September 20, 2005.

Under this programme, up to 20,232,722 shares of common stock i.e. up to 3% of the share capital will be bought back. No decision has been made whether and to what extent BMW AG, with the current 10 % authorisation, will buy back shares over and above the level of 3%.

The shares are to be bought back for the purpose of a subsequent withdrawal from circulation and a reduction of share capital.

The buy-back programme will be lead-managed by one or more investment banks or credit institutions which will determine the timing of individual purchases independently of, and without any influence being exerted by, BMW AG.

Further information will be made available during the course of the buy-back programme at www.bmwgroup.com/ir.

BAYERISCHE MOTOREN WERKE AKTIENGESELLSCHAFT Petuelring 130 D - 80788 Munich

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ots Originaltext: Bayerische Motoren Werke AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Eckhard Wannieck, Corporate Communications,
Tel.: +49-89-382-24118, E-Mail: Eckhard.Wannieck@bmw.de

Branche: Automotive Equipment
ISIN:      DE0005190003
WKN:        519000
Index:    DAX, Prime Standard, CDAX, Classic All Share, HDAX, Prime All
              Share
Börsen:  Baden-Württembergische Wertpapierbörse / regulated dealing
              SWX Swiss Exchange / regulated dealing
              Baden-Württembergische Wertpapierbörse / regulated dealing
              SWX Swiss Exchange / regulated dealing
              Niedersächsische Börse zu Hannover / free trade
              Niedersächsische Börse zu Hannover / free trade
              Berliner Wertpapierbörse / official dealing
              Hamburger Wertpapierbörse / official dealing
              Frankfurter Wertpapierbörse / official dealing
              Börse Düsseldorf / official dealing
              Bayerische Börse / official dealing
              Bremer Wertpapierbörse (BWB) / official dealing
              Berliner Wertpapierbörse / official dealing
              Hamburger Wertpapierbörse / official dealing
              Frankfurter Wertpapierbörse / official dealing
              Börse Düsseldorf / official dealing
              Bayerische Börse / official dealing
              Bremer Wertpapierbörse (BWB) / official dealing



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