407 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 11. Maximum remuneration and remuneration vested in the 2024 financial year (vesting year) The Supervisory Board has capped the remuneration of the Board of Management members for the financial year (vesting year) 2024 in two respects: it has set maximum limits for all var- iable remuneration components and has also determined a max- imum limit for the total remuneration of each member of the Board of Management. Both components of the bonus as well as the two components of the share-based remuneration (personal investment cash amount) are limited to a maximum of 180% of the respective target amounts. The maximum remuneration of the Board of Management mem- bers for the vesting year 2024 determined in accordance with § 87a (1) Sentence 2 No. 1 of the German Stock Corporation Act (AktG) includes, as fixed components, the basic remuneration for 2024, other fixed remuneration for 2024, the service cost (in ac- cordance with IAS 19) for 2024 and, as variable components, the bonus and the share-based remuneration (personal invest- ment cash amount) for the vesting year 2024. Any special pay- ments to compensate for salary losses from a previous employ- ment relationship and/or to cover relocation costs in the case of new appointments are also subject to maximum remuneration. The total fixed maximum remuneration is less than the sum of the maximum amounts for the individual components. Maximum remuneration and remuneration vested in the 2024 financial year (vesting year) OLIVER ZIPSE JOCHEN GOLLER ILKA HORSTMEIER WALTER MERTL Chairman of the Board of Management since 16 August 2019 Member of the Board of Management since 13 May 2015 Customer, Brands, Sales since 1 November 2023 Human Resources and Real Estate, Labour Director since 1 November 2019 Finance since 12 May 2023 in € Max. Remuneration vested Max. Remuneration vested Max. Remuneration vested Max. Remuneration vested Fixed remuneration Fixed remuneration (base salary) 1,950,000 1,950,000 900,000 900,000 1,050,000 1,050,000 900,000 900,000 Fringe benefits (other remuneration)¹ 27,963 27,963 22,541 22,541 65,693 65,693 27,273 27,273 Total fixed remuneration 1,977,963 1,977,963 922,541 922,541 1,115,693 1,115,693 927,273 927,273 Variable remuneration B O N U S Earnings component of the bonus 1,890,000 954,450 855,000 431,775 1,035,000 522,675 855,000 431,775 Performance component of the bonus 1,890,000 1,050,000 855,000 470,250 1,035,000 569,250 855,000 470,250 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 2,115,000 – 990,000 – 1,152,000 – 990,000 – Strategic focus target component 2,115,000 763,750 990,000 357,500 1,152,000 416,000 990,000 357,500 Total variable remuneration 8,010,000 2,768,200 3,690,000 1,259,525 4,374,000 1,507,925 3,690,000 1,259,525 Total fixed and variable remuneration 9,987,963 4,746,163 4,612,541 2,182,066 5,489,693 2,623,618 4,617,273 2,186,798 Service cost³ 711,077 711,077 406,330 406,330 406,415 406,415 407,218 407,218 Maximum remuneration⁴/Vested remuneration incl. service cost 9,850,000 5,457,240 4,925,000 2,588,396 5,500,000 3,030,033 4,925,000 2,594,016 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.