euro adhoc: Bayerische Motoren Werke Aktiengesellschaft / Financial Figures/Balance Sheet / BMW Group adjusts outlook to difficult market conditions.

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9-month report

01.08.2008

Ad-hoc information pursuant to § 15 WpHG (Securities Trading Act)

BMW Group adjusts outlook to difficult market conditions

• Risk provision expense increased to euro 695 million
• Expense of euro 107 million for personnel measures
• Higher raw material costs
• Market environment not expected to ease in second half of year
• Improvements at operating level in the first half of year - net of
exceptional items

Business conditions for the automobile industry have deteriorated
sharply over the past weeks. Rising oil and raw material prices, the
weakness of the US dollar, the impact of the international financial
crisis and a weaker US economy have made business conditions
significantly more difficult.

As a result of the ongoing global financial crisis, the price level
of pre-owned cars has dropped and consequently the revenues that can
be generated on vehicles returned at the end of leases have not
recovered. As a result of higher risk provisions and allowances for
residual value risks and bad debts relating to financial services
business, an additional expense of euro 695 million - including the
euro 236 million recorded in the first quarter - has been recognised
on the Group´s total portfolio. Expenditure in connection with
previously announced measures to reduce the size of the workforce
amounted to euro 107 million in the first half of the year.

The profit before tax for the six month period, at euro 1,243 million
(first half-year 2007: euro 1,917 million), was down by 35.2%. Group
net profit fell by 25.8% to euro 994 million (first half-year 2007:
euro 1,340 million). As a result, the company has adjusted its profit
forecast for 2008. The BMW Group is aiming to achieve a return on
sales for the year of at least 4%. An EBIT margin of approximately 4%
or higher is forecast for the Automobiles segment. Excluding the
exceptional impact of higher risk provision and personnel expense,
the BMW Group improved in operating terms.

Further inquiry note:

Marc Hassinger
Tel.: +49 (0) 89 382 23362
E-Mail: Marc.Hassinger@bmw.de

Bill McAndrews
Tel.: +49 (0) 89 382 22332
E-Mail: Bill.McAndrews@bmw.de

end of announcement euro adhoc
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ots Originaltext: BMW AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Susanne Meis

Tel.: +49(0)89 382 33005

E-Mail: susanne.meis@bmw.de

Branche: Automotive Equipment
ISIN: DE0005190003
WKN: 519000
Index: DAX, CDAX, HDAX, Prime All Share
Börsen: SWX Swiss Exchange / Hauptsegment
Börse Frankfurt / regulated dealing/prime standard
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