THREE NEW APPOINTMENTS ANNOUNCED AT BMW BANK OF NORTH AMERICA

Woodcliff Lake, NJ - April 29, 2008... BMW Bank of North America, LLC has
announced three new executive appointments at the BMW Bank of North America,
based in Salt Lake City, Utah.

"The BMW Bank of North America has grown steadily since it was formed in
1999. These management appointments address that growth and the dedicated
resources necessary to meet the demands of a larger financial institution,"
said Edward A. Robinson, President and CEO of BMW Group Financial Services,
Americas Region.

Ken Petersen has been appointed Chairman of the BMW Bank of North America,
where he will act as chair of the Board of Directors and will be responsible
for providing oversight of Bank management from a regulatory perspective.
Petersen will also be responsible for managing and maintaining the Bank's
external relationships. With more than twenty years experience in the
Industrial Bank industry, Petersen has held similar positions at Industrial
Banks owned by USAA; Advanta; GE Capita;' Sears Roebuck and GMAC. He
obtained his undergraduate degree from Buena Vista University in Storm Lake,
Iowa.

Bill Donnelly has been appointed President of the BMW Bank of North America.
Donnelly had been the Bank's Chief Financial Officer since 2002 and joined the
Bank's parent, BMW Financial Services, in 1999 as its Risk Manager. Prior to
this, he spent 12 years with the credit card and automotive finance divisions
of Chase Manhattan Bank. Donnelly holds a Bachelor of Arts degree from Queens
College and an MBA from New York University.

Mike Kobayashi has been appointed Chief Financial Officer of the BMW Bank of
North America. Kobayashi began his career with BMW of North America in 1991 as
a Senior Operations Analyst, and in 1994 moved to BMW US Capital Corp. as
Assistant Treasurer. In 2001, he joined CNH Global N.V. in Lake Forest,
Illinois and held various senior financial positions before rejoining BMW US
Capital Corp. in 2004 as Treasurer. Before beginning his career with BMW,
Kobayashi was an Automotive Equity Analyst for PaineWebber Inc. in New York.
He obtained his Bachelor of Science from New York University and his MBA from
Columbia University.

About BMW Group Financial Services

BMW Group Financial Services was established in the U.S. in 1992 to support the
sales and marketing efforts of BMW of North America. Since then, the group
has expanded to provide service to markets in multiple countries and continues
to evolve beyond its role as a captive finance unit.

BMW Group Financial Services offers a wide range of leasing, retail and
commercial financing and banking products tailored to meet the needs of the BMW
customer. The group also provides financing to BMW dealers for expanding
dealership capabilities and enhancing overall operations. With more than $26
billion in serviced assets and 700,000 automotive lending customers, BMW Group
Financial Services finances over half of the BMWs sold or leased in the United
States. BMW Group Financial Services employs nearly 1,000 people, including
consultants and temporary workers, most of whom are located in the Hilliard,
Ohio Customer Service Center.

In 2001, the MINI Financial Services division was established to provide
support for the brand's dealer and customer networks by offering various
financing and leasing options. Alphera Financial Services was established in
2006 to provide financial services to dealers who are not part of the BMW and
MINI networks.

BMW Group Financial Services also offers credit card products through its
subsidiary, the BMW Bank of North America. up2drive.com is a division of BMW
Bank of North America, a wholly-owned subsidiary of BMW Financial Services NA,
LLC. BWW Insurance Agency, Inc., a property and casualty producer, is also
part of BMW Group Financial Services.

Information about BMW Group products is available to consumers via the Internet
at:

www.bmwgroupna.com
www.bmwusa.com
www.bmwmotorcycles.com
www.miniusa.com
www.rolls-roycemotorcars.com
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