399 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) OLIVER ZIPSE Chairman of the Board of Management since 16 August 2019 Member of the Board of Management since 13 May 2015 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) 1,950,000 – 39 1,950,000 – 24 Fringe benefits (other remuneration) 27,963 – 1 26,113 – 0.3 Total 1,977,963 40 1,976,113 24 Variable remuneration B O N U S Earnings component of bonus 954,450 – 19 1,764,000 – 22 Performance component of bonus 1,050,000 – 21 1,081,500 – 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) – 230,6771 5 – 135,416 2 Personal cash investment amount2 RoCE component – – – 1,962,250 – 24 Strategic focus target component 763,750 – 15 1,239,625 – 15 Total variable remuneration for vesting year 2024 or earlier vesting years 2,768,200 230,677 56 or 5 6,047,375 135,416 74 or 2 Total 2,998,877 60 6,182,791 76 Remuneration for vesting year 2024 or earlier vesting years 4,746,163 230,677 95 or 5 8,023,488 135,416 98 or 2 Total remuneration according to § 162 German Stock Corporation Act (AktG) 4,976,840 100 8,158,904 100 Service cost3 711,077 712,729 Total remuneration plus service cost4 5,687,917 8,871,633 1 The number of shares purchased in 2020 with the 2019 cash remuneration component (investment component) for the financial year amounted to 6,696. The number of mathematical matching shares for calculating the cash equivalent amounts to 2,232. 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).