406 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 to former members of the Board of Management in financial year 2024 Financial year 2024 Earlier vesting years Fixed remuneration1 Variable remuneration Waiting allowance Retirement benefits Variable remuneration in € as a % of total remuneration in € as a % of total remuneration in € as a % of total remuneration in € as a % of total remuneration Share-based remuneration component (matching component) in € as a % of total remuneration Total remuneration 2024 as a % of total remuneration MILAGROS CAIÑA CARREIRO-ANDREE Member of the Board of Management until 31 October 2019 32,370 15 – – – – – – 190,2674 85 222,637 100 KLAUS DRAEGER Member of the Board of Management until 30 September 2016 28,436 9 – – – – 288,468 91 – – 316,904 100 FRIEDRICH EICHINER Member of the Board of Management until 31 December 2016 24,155 8 – – – – 280,991 92 – – 305,146 100 KLAUS FRÖHLICH Member of the Board of Management until 30 June 2020 19,169 5 – – – – 187,445 49 177,2455 46 383,859 100 HARALD KRÜGER Chairman of the Board of Management until 15 August 2019 19,619 6 – – – – – – 337,0246 94 356,643 100 PIETER NOTA Member of the Board of Management until 31 October 2023 664,0232 32 823,6243 39 437,500 21 – – 161,7437 8 2,086,890 100 NICOLAS PETER Member of the Board of Management until 11 May 2023 24,672 0.5 – – 437,500 9 4,090,927 87 150,6848 3 4,703,783 100 NORBERT REITHOFER Chairman of the Board of Management until 13 May 2015 Chairman of the Supervisory Board since 13 May 2015 23,026 6 – – – – 333,499 94 – – 356,525 100 IAN ROBERTSON Member of the Board of Management until 31 December 2017 21,600 10 – – – – 196,827 90 – – 218,427 100 PETER SCHWARZENBAUER Member of the Board of Management until 31 October 2019 23,375 13 – – – – – – 158,5399 87 181,914 100 ANDREAS WENDT Member of the Board of Management until 31 December 2021 26,675 8 – – – – 164,648 47 161,74310 46 353,066 100 1 With the exception of Mr Nota, the fixed remuneration for the former members of the Board of Management consists entirely of fringe benefits (other remuneration). 2 The fixed remuneration consists of the base salary of € 612,500 (29% of the total remuneration) and fringe benefits (other remuneration) of € 51,523 (2% of the total remuneration). 3 The variable remuneration for the 2024 financial year consists of the bonus and the share-based remuneration. The bonus of € 636,957 consists of earnings and performance components. The target amount is € 335,417 for each of the earnings and performance components. An earnings factor of 0.909 applies to the earnings component, which amounts to € 304,894 (15% of total remuneration). The performance factor of the member of the Board of Management responsible for Customer, Brands and Sales was 0.99; the performance component therefore amounts to € 332,063 (16% of total remunera- tion). The share-based remuneration of € 186,667 comprises the RoCE component of € 0 (target amount of € 373,333, RoCE factor of 0; 0% of total remuneration) and the strategic focus targets component of € 186,667 (9% of total remuneration). The strategic focus targets component includes the reduction of CO2 fleet emissions EU component in the amount of € 186,667 (target amount € 186,667, strategic focus target factor (CO2) of 1.00) and the sales of all-electric vehicles (BEV) component in the amount of € 0 (target amount of € 186,667, strategic focus target factor (BEV) of 0). 4 The number of shares purchased in 2020 with the 2019 cash remuneration component (investment component) amounted to 5,525. The number of mathematical matching shares for calculating the cash equivalent amounts to 1,841. 5 The number of shares purchased in 2020 with the 2019 cash remuneration component (investment component) amounted to 5,147. The number of mathematical matching shares for calculating the cash equivalent amounts to 1,715. 6 The number of shares purchased in 2020 with the 2019 cash remuneration component (investment component) amounted to 9,784. The number of mathematical matching shares for calculating the cash equivalent amounts to 3,261. 7 The number of shares purchased in 2020 with the 2019 cash remuneration component (investment component) amounted to 4,696. The number of mathematical matching shares for calculating the cash equivalent amounts to 1,565. 8 The number of shares purchased in 2020 with the 2019 cash remuneration component (investment component) amounted to 4,374. The number of mathematical matching shares for calculating the cash equivalent amounts to 1,458. 9 The number of shares purchased in 2020 with the 2019 cash remuneration component (investment component) amounted to 4,604. The number of mathematical matching shares for calculating the cash equivalent amounts to 1,534. 10 The number of shares purchased in 2020 with the 2019 cash remuneration component (investment component) amounted to 4,696. The number of mathematical matching shares for calculating the cash equivalent amounts to 1,565.