BMW ORACLE RACING FLIES NEW AMERICA'S CUP BOAT TO VALENCIA

US-Built Boat Arrives to Spain in Antonov Cargo Plane.

Valencia, Spain. An Antonov cargo plane landed today in Valencia carrying
unusual precious cargo - the new America's Cup Class yacht of BMW ORACLE
Racing. Thirteen hours and 8,900 kilometres after departing from Seattle, WA in
the USA, the 24-metre carbon fiber hull was delivered today to the Challenger
in Valencia, site of the 32nd America's Cup in 2007.

The plane took off at 5pm local Seattle time on a 13-hour flight to Spain. By
flying the boat, thanks to logistics support from DHL Global Forwarding, the
logistics business unit of Deutsche Post World Net, the team shaved almost
three weeks off the traditional method of transporting the boat via truck and
container ship. The plane, one of the largest ever to land at the Valencia
airport, touched down at 3 pm local time today.

The international team is hoping the precisely built high-tech yacht will
provide the performance needed to win the America's Cup. The hull is the end
result of 30,000 man hours from the 20-person team of boat-building experts and
an innovative technology transfer from the automotive industry incorporating
engineering expertise from German premium car manufacturer BMW.

"Thanks to the early commitment from our partner BMW and team owner Larry
Ellison, BMW ORACLE Racing benefited from an intensive research and development
program that has produced this finely built hull," said team CEO and Skipper
Chris Dickson today upon receiving the yacht in Valencia. "The delivery of our
first new generation America's Cup boat marks an important milestone in our
campaign. Now we are faced with the challenge of developing this boat to its
full potential. We look forward to taking our new yacht through its
paces."

The hull design and construction is the result of more than two years of
intensive research and development. BMW engineers are integrated into the
30-person international design team, bringing expertise in structural
engineering and load analysis to the project. US-based technology leaders
Oracle and NetApp also contributed to the R&D process by increasing the speed
at which the research data could be processed and stored.

"The initial series of sailing trials is really the moment of truth for the
design team," said Ian Burns, BMW ORACLE Racing Design Coordinator. "Although
countless hours of research have come together in this boat there is no way of
modeling the complete package - except by building and sailing the yacht. With
the help of our partner BMW and our technical supporters, including Oracle,
NetApp, CD-adapco, PTC/NetIDEAS, and ANSYS we have had the tools to do the job.
Combined with our strong design team, we are hopeful that we have achieved what
our sailing team has requested - a fast strong boat that they can match race at
the highest level. The build team has done a great job in delivering a
precisely built boat. The delivery of the hull today is the first step toward
developing the new yacht to its full potential. Now we begin the next arduous
task of extracting the maximum performance from the new platform. Every trick
we had for getting the best from our old boats now has to be confirmed or
modified for the new boats. Now the hard work is in front of the sailing and
performance teams."

Constructed over the past six months at a purpose-built facility in Anacortes,
WA, the hull rolled out of the boat shed Monday on a flatbed truck enroute to
the Seattle airport, the first leg of its voyage to Valencia, Spain, where the
US team is now based for the training and competition that leads up leads up to
the racing next spring.

The hull was painted in the team's livery before being shrink-wrapped in
plastic and strapped onto a flatbed truck. The new yacht departed the Anacortes
facility at 8 am local time on Monday February 27, starting the journey to
Valencia. The truck transported the hull the 150 kilometres south to Seattle
airport. The BMW ORACLE Racing boatbuilding team carefully loaded the 4-metre
wide racing yacht through the 6.5-metre wide nose of the Russian cargo plane.
Three of the team's boat technicians, Pete Balash, Scott Bennett and Andrew
Rhodes, accompanied the boat on the flight.

Team members awaited the boat on the tarmac of the Valencia airport where they
carefully unloaded the new boat. The boat was craned onto a flatbed truck for
the 20-kilometre ride to the team's base in the Port America's Cup. The plane
also carried two 35-metre long masts.

The team will now add the remaining components including keel, hardware, and
mast before the new boat can touch water for the first time. The team will take
the boat through a commissioning process where the engineers will test loads
and ensure it is structurally sound before starting a training and testing
program with the boat's trial horse and tuning partner, USA-76. The new
generation racing yacht will be launched at a christening ceremony March 27 at
the team's new training operations base at the Port America's Cup in Valencia.

About BMW ORACLE Racing
BMW ORACLE Racing is the Challenger of Record for the 32nd America's Cup,
representing Golden Gate Yacht Club of San Francisco, and the only American
entry in the contest for sailing's most prestigious prize and the oldest trophy
in international sport. Team owner is American Larry Ellison, CEO of Oracle
Corporation. Partner of the team is German premium car manufacturer BMW.
Sponsors include Allianz, leading global financial services provider;
Girard-Perregaux, Swiss manufacturer of high-class mechanical timepieces, and
Henri Lloyd, Technology Partner and supplier of team clothing. BMW ORACLE
Racing is currently the top-ranked Challenger for the 2007 Louis Vuitton Cup,
the Challenger Selection Series for the 32nd America's Cup. Eleven teams from
nine nations are challenging for the Cup, with the winning Challenger facing
the Swiss Defender Team Alinghi in the 32nd America's Cup Match in June 2007 in
Valencia.

Photo and video material are available from BMW ORACLE Racing at
www.bmor-photo.com and www.bmor-video.com.

For any further questions please contact:

BMW Group
Nicole Stempinsky
Public Relations, BMW Sport Communications
Tel: +49 89-382-51584
Fax: +49 89-382-28017

Michael Kirsch
Head of Public Relations
Telefon: +49 89 382 25111
Fax: +49 89 382 26972

Internet: www.press.bmwgroup.com
E-Mail: presse@bmw.de