Bayerische Motoren Werke Aktiengesellschaft: Further share buy-back programme with a volume of up to € 2 billion decided

Munich (pta039/03.05.2023/17:45 UTC+2)

Today, the Board of Management of the Bayerische Motoren Werke Aktiengesellschaft (BMW AG) approved a further share buy-back programme based on the authorisation granted by the Annual General Meeting on 11 May 2022. This second programme has a volume of up to € 2 billion (total purchase price excluding ancillary costs) and is scheduled to start upon conclusion of the first share buy-back programme. It is applicable to both ordinary and preferred shares – whereby the volume attributed to preferred shares is limited to a maximum of € 350 million. The second programme will be concluded no later than 31 December 2025. The authorisation granted by the Annual General Meeting on 11 May 2022 comprises in total up to 10% of the share capital within five years.

The primary objective of the share buy-back programme is to redeem shares with a corresponding reduction in share capital. It may also be used to transfer shares to employees of the Company or a Group company within the framework of an employee share programme.

The share buy-back is carried out in accordance with the safe harbour rules set out in article 5 of the EU Market Abuse Regulation (Regulation (EU) no. 596/2014) in conjunction with the provisions of the Commission Delegated Regulation (Regulation (EU) 2016/1052).

Further details will be announced by BMW AG prior to the start of and during the programme.

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Emitter:	Bayerische Motoren Werke Aktiengesellschaft Petuelring 130 80788 München Germany
Contact Person:	Adam Sykes, Leiter Investor Relations
Phone:	+49 89 382-25387
E-Mail:	adam.sykes@bmw.de
Website:	www.bmwgroup.com
ISIN(s):	DE0005190003 (Share) DE0005190037 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt, Munich; Free Market in Berlin, Dusseldorf, Hamburg, Hannover, Stuttgart, Tradegate