KfW IPEX-Bank finances environmentally-friendly paint shop for BMW Group together with DZ BANK

Frankfurt am Main (ots) -

- High-tech facility to generate fewer emissions and boost energy
efficiency
- Project part of an extensive environment investment programme
- Supporting Germany as a business location and contributing
towards environmental and climate protection

Together with DZ BANK, KfW IPEX-Bank is financing a new innovative
paint shop for the BMW parent plant in Munich, which meets the
highest standards in terms of economic efficiency and the efficient
use of resources. The new building is part of an extensive investment
programme which will see BMW Group invest more than half a billion
euros over the next years to make the Munich plant sustainable in the
future.

Each of the banks is providing half of the EUR 161.6 million
funding for the ultra-modern energy-efficient paint shop.

"Financing environmental measures is part of our core business,"
said Markus Scheer, member of the KfW IPEX-Bank Management Board upon
the signing of the financing agreement. "Investments in
environmentally-friendly production facilities are worthwhile in two
respects as besides the commercial benefits there is also the benefit
to society."

"We are setting new standards for the future, in particular with
regard to the consumption of resources, sustainability and
environmental protection," said Dr. Milan Nedeljkovic, Head of the
BMW Group plant in Munich.

With an estimated energy saving of more than 30% compared with the
former plant, the investment has not only qualified for the KfW
energy efficiency programme but also meets the prerequisites for
achieving the premium standard.

In detail, compared with the current paint shop, natural gas
consumption and therefore exhaust gas emissions should be nearly
halved. Electricity consumption will fall by a quarter. The target
electricity saving is equivalent to the average annual electricity
consumption of 4,000 two-person households. VOC emissions (volatile
organic compounds) will be reduced by around a third, and in the case
of exhaust air by two thirds. BMW Group already uses the technology
in its vehicle plants in Oxford/Great Britain, Spartanburg/USA,
Tiexi/China and Dingolfing/Germany.

About BMW Group

BMW Group, incorporating the BMW, MINI and Rolls-Royce brands, is
the world's leading manufacturer of premium automobiles and
motorcycles and provider of premium finance and mobility services.
The international Group employs around 116,000 members of staff and
operates 30 production and assembly facilities in 14 countries as
well as a global sales network that is represented in more than 140
countries. The company has firmly integrated ecological and social
sustainability throughout the entire value chain into its strategy
along with comprehensive product responsibility and its clear
commitment to conserving resources.

About KfW IPEX-Bank GmbH

Within the KfW Group, KfW IPEX-Bank is responsible for
international project and export finance. Its function of providing
financing to boost the German and European economy is derived from
the legal mandate assigned to KfW. It offers medium- and long-term
financing to support key export industries, to develop economic and
social infrastructure and to fund environmental and climate
protection projects. KfW IPEX-Bank operates as a legally independent
group subsidiary and plays a major role in fulfilling KfW's
promotional mission. It is represented in the most important economic
and financial centres across the globe.

Contact:
KfW IPEX-Bank GmbH, Palmengartenstraße 5-9, 60325 Frankfurt
Pressestelle: E-Mail: Thomas.Krick@kfw.de
Tel. 069 7431-8454, Fax: 069 7431-9409, E-Mail:
info@kfw-ipex-bank.de,
Internet: www.kfw-ipex-bank.de