403 BMW Group Report 2024 To Our Stakeholders Combined Management Report Group Financial Statements Responsibility Statement and Auditor’s Report Remuneration Report Other Information II. Remuneration of the Members of the Board of Management Remuneration granted and owed in financial year 2024 (2023) MILAN NEDELJKOVIĆ Production since 1 October 2019 FY 2024 FY 2023 Vesting year 2024 in € Earlier vesting years in € as a % of total remuneration Vesting year 2023 in € Earlier vesting years in € as a % of total remuneration Fixed remuneration Fixed remuneration (base salary) 1,050,000 – 40 1,050,000 – 24 Fringe benefits (other remuneration) 32,312 – 1 27,524 – 1 Total 1,082,312 41 1,077,524 25 Variable remuneration B O N U S Earnings component of bonus 522,675 – 20 966,000 – 22 Performance component of bonus 569,250 – 22 586,500 – 13 S H A R E - B A S E D R E M U N E R A T I O N Share-based remuneration component (matching component) – 40,4101 2 – – – Personal cash investment amount2 RoCE component – – – 1,068,800 – 24 Strategic focus target component 416,000 – 16 675,200 – 15 Total variable remuneration for vesting year 2024 or earlier vesting years 1,507,925 40,410 57 or 2 3,296,500 – 75 or 0 Total 1,548,335 59 3,296,500 75 Remuneration for vesting year 2024 or earlier vesting years 2,590,237 40,410 98 or 2 4,374,024 – 100 or 0 Total remuneration according to § 162 German Stock Corporation Act (AktG) 2,630,647 100 4,374,024 100 Service cost3 406,340 407,391 Total remuneration plus service cost4 3,036,987 4,781,415 1 The number of shares purchased in 2020 with the 2019 cash remuneration component (investment component) for the financial year amounted to 1,174. The number of mathematical matching shares for calculating the cash equivalent amounts to 391. 2 Assessment period five years in total: One year for determining the personal cash investment amount, a four-year holding obligation for the shares acquired with the payout amount. 3 The service cost in accordance with IAS 19 represents the expense for the company; this amount is not paid out to the Board of Management member. 4 For the purposes of compliance with the maximum specified remuneration limit, only the service cost and the remuneration for the vesting year are to be taken into account. See table ↗ Maximum remuneration and remuneration vested in the 2024 financial year (vesting year).