408 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 Maximum remuneration and remuneration vested in the 2024 financial year (vesting year) MILAN NEDELJKOVIĆ JOACHIM POST FRANK WEBER Production since 1 October 2019 Purchasing and Supplier Network since 1 January 2022 Development since 1 July 2020 in € Max. Remuneration vested Max. Remuneration vested Max. Remuneration vested Fixed remuneration Fixed remuneration (base salary) 1,050,000 1,050,000 900,000 900,000 1,050,000 1,050,000 Fringe benefits (other remuneration)1 32,312 32,312 29,124 29,124 31,031 31,031 Total fixed remuneration 1,082,312 1,082,312 929,124 929,124 1,081,031 1,081,031 Variable remuneration B O N U S Earnings component of the bonus 1,035,000 522,675 855,000 431,775 1,035,000 522,675 Performance component of the bonus 1,035,000 569,250 855,000 470,250 1,035,000 569,250 S H A R E - B A S E D R E M U N E R A T I O N ( P E R S O N A L C A S H I N V E S T M E N T A M O U N T ) 2 RoCE component 1,152,000 – 990,000 – 1,152,000 – Strategic focus target component 1,152,000 416,000 990,000 357,500 1,152,000 416,000 Total variable remuneration 4,374,000 1,507,925 3,690,000 1,259,525 4,374,000 1,507,925 Total fixed and variable remuneration 5,456,312 2,590,237 4,619,124 2,188,649 5,455,031 2,588,956 Service cost3 406,340 406,340 407,167 407,167 406,360 406,360 Maximum remuneration4/Vested remuneration incl. service cost 5,500,000 2,996,577 4,925,000 2,595,816 5,500,000 2,995,316 1 For more information about fringe benefits for the 2024 financial year, refer to ↗ Remuneration granted and owed to members of the Board of Management pursuant to § 162 of the German Stock Corporation Act (AktG). 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 Maximum remuneration within the meaning of § 87a (1) Sentence 2 No. 1 AktG. The overall cap is lower than the sum of the maximum amounts for the individual components. Any special payments to compensate for salary losses from a previous employment relationship and/or to cover relocation costs in the case of new appointments are also subject to maximum remuneration. The maximum limits for each individual element of the variable remuneration in the 2024 vesting year and the stipulated maxi- mum remuneration limits were complied with in all cases. The remuneration granted and owed for the 2024 financial year pursuant to § 162 AktG ↗ Remuneration granted and owed in the financial year includes the matching component of the share-based remu- neration for the 2019 vesting year paid to the Board of Manage- ment members who were already in office in the 2019 financial year. This payment was made in May 2024, after the expiry of the four-year shareholding period. This component is subject to the overall cap set for the vesting year 2019, which was com- plied with for the Board of Management members in office at that time.