Got the same lights on my 2003 2.5, code reader showed 5E20 Pressure sensor 1 electrically faulty. There are two sensors on the master cylinder No1 is the front one. Have ordered two replacements to change them, will see if that allows the lights to go off when the code is cleared. I use BMW Scanner 1.4 on a Laptop and INPA. Also have the airbag light on after installing heated seat pads in both of the sreats, only code I am getting is 20 70 2D which is an indication that the airbag light is lit up indicating a fault. Scanning for the actual cause comes back with No faults, need to explore further, have a Creator 310+ scanner on order to give that a go at solving what the issue is.