Version up to 10/2003:
WARNING: This page is about a different car, the 2003 BMW X5 and 2002 BMW X5. However, it is still accessible from the selected car via links, so may be relevant.
In bumper, center:
Lever out ultrasonic transducer (1) including holder.
In bumper, side:
Unclip side cover (2).
Unfasten plug connection (1) and disconnect.
Unclip ultrasonic transducer (2) and pull out of holder.