Not on the bumper as far as I know... they had it on the fender between the front tire and front door.
The difference between the E34 and E39 on the front end is the turn signal... E34 turn signal by the headlight cannot be seen from the side hence the bumper side marker. The E39 has actual sidemarker that can be seen from front and side... so it makes the bumper sidemarker useless.... which is also covered by the fender side marker.