Partners Have Signed Corresponding Agremeent

Deal Subject to Authorities' Approval, Consent of Brilliance China Shareholders' Meeting

Partners Agreed on a Purchase Price of an Equivalent of EUR3.6 Billion for BMW's Additional JV Stake

Extended Contract Is Valid for 22 Years, From 2018 to 2040; The JV's Existing Contractual Term Was Set to Expire in 2028

JV to Invest More than EUR3 Billion in New, Existing Plant Structures in Shenyang Over Coming Years

Total Annual Capacity of BMW Autos at JV Plants to Gradually Increase to 650,00 Units Starting in Early 2020s, Creating 5,000 New Jobs

Intends to Continue to Expand China Localization of Additional Models Including New Energy Vehicles, or NEVs

Deal's Closing to Result in JV Being Fully Consolidated in BMW Group's Financial Statements; Expected to Have Positive Valuation Effect in FY of Closing