416 BMW Group Report 2024 To Our Stakeholders Combined Management Report Group Financial Statements Responsibility Statement and Auditor’s Report Remuneration Report Other Information VI. Outlook for the 2025 Financial Year — In addition to the existing requirements to hold shares as part of share-based remuneration, the Supervisory Board can oblige the members of the Board of Management to ac- quire and hold BMW shares of common stock by means of a share ownership guideline. The Supervisory Board has made use of this option for the members of the Board of Management currently in office and agreed on a corre- sponding contractual obligation. This stipulates that from the 2025 financial year onwards, members of the Board of Management will be obliged to invest 200% (Chairman of the Board of Management) or 100% (members of the Board of Management) of their base salary (gross) in BMW shares of common stock and to hold these until they step down from the Board of Management. This will strengthen the long-term business focus of the Board of Management. In addition to this amendment to the remuneration system for the Board of Management, the Supervisory Board has resolved for the first time in four years to increase target total remuneration moderately from the 2025 financial year onwards. The maxi- mum target achievement for the variable remuneration compo- nents continues to be limited to 180%. The maximum remuner- ation (overall caps within the meaning of § 87a (1) Sentence 2 No. 1 AktG) has not been increased. The Supervisory Board will submit the revised remuneration sys- tem for Board of Management remuneration to the 2025 Annual General Meeting for approval. It will be explained in detail on the Company website when the invitation to the Annual General Meeting is issued. In agreement with the members of the Board of Management currently in office, their service contracts were amended, subject to approval by the Annual General Meeting 2025, with effect from 1 January 2025, in order to implement the amendments to the remuneration system for financial years from 2025 onwards. The Supervisory Board has also reviewed the previous system of remuneration for members of the Supervisory Board and incor- porated the advice of an independent external remuneration consultant. This did not result in any amendments. The current rules for remuneration of members of the Supervisory Board pur- suant to § 16 of the Articles of Incorporation will therefore be submitted unchanged to the 2025 Annual General Meeting for confirmation. Bayerische Motoren Werke Aktiengesellschaft On behalf of the Supervisory Board On behalf of the Board of Management Dr.-Ing. Dr.-Ing. E.h. Norbert Reithofer Chairman of the Supervisory Board Oliver Zipse Chairman of the Board of Management