Eleventh Circuit Court of Appeals Reverses Judgment Against BBX Capital and Alan B. Levan - Seite 2

Alan Levan said that, "I am determined to clear my name and BBX's name from the false claims that have been asserted in this case. The decision today by the Eleventh Circuit brings me closer to that goal."

About BBX Capital Corporation:

BBX Capital (NYSE: BBX) is involved in the acquisition, ownership and management of joint ventures and investments in real estate and real estate development projects, as well as acquisitions, investments and management of middle market operating businesses. In addition, BBX Capital and its controlling shareholder, BFC Financial Corporation, have a 46% and 54% respective ownership interest in Bluegreen Corporation. As a result of their ownership interests, BBX Capital and BFC together own 100% of Bluegreen. As of June 30, 2016, BBX Capital had total consolidated assets of $390.5 million, shareholders' equity attributable to BBX Capital of $335.5 million, and total consolidated equity of $337.4 million. BBX Capital's book value per share at June 30, 2016 was $20.47.

About BFC Financial Corporation:

BFC (OTCQB: BFCF) is a holding company whose principal holdings include an 81% ownership interest in BBX Capital Corporation (NYSE: BBX) and its indirect ownership interest in Bluegreen Corporation. BFC owns a 54% equity interest in Woodbridge, the parent company of Bluegreen. BBX Capital owns the remaining 46% equity interest in Woodbridge. As of June 30, 2016, BFC had total consolidated assets of $1.4 billion, shareholders' equity attributable to BFC of $385.0 million, and total consolidated equity of $495.9 million. BFC's book value per share at June 30, 2016 was $4.61.

For further information, please visit our family of companies:

BBX Capital: www.BBXCapital.com

BFC Financial Corporation: www.BFCFinancial.com

Certain matters within this press release include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results to differ from those projected in the forward-looking statements, including that in addition to retrying the case, the SEC may seek rehearing; the order is not final until a mandate is issued which will not be until the time for filing motions for rehearing has expired without a motion being filed or, if motions are filed, after they are denied.

BBX Capital Contact Info:
Investor Relations:
Leo Hinkley
Managing Director
954-940-5300
Email: [e-mail]

Media Contact:
Kip Hunter Marketing
954-765-1329
Aimee Adler/ Jodi Goldstein
Email: [e-mail], [e-mail]