BKF Capital Group Names Bryce Sutton West Coast Regional Director; Appointment Reflects Considerable Opportunities in Region, Firm's Commitment to Client Service.

NEW YORK -- BKF Capital Group, Inc. (NYSE: BKF) announced today that Bryce Sutton has joined BKF Asset Management, Inc. (formerly known as John A. Levin & Co., Inc.) as a Regional Director responsible for West Coast sales and marketing, as well as client service in the region. Mr. Sutton will be based in the San Francisco area and cover current and prospective clients in California, Washington, Arizona, Idaho, Montana, Oregon, Utah and Wyoming. He will report to Stephen T. Eckenberger, Senior Vice President of Sales and Marketing.

Mr. Sutton joins BKF from Lynch, Jones & Ryan where he was Senior Vice President responsible for selling institutional brokerage services including commission recapture and transition management to the plan sponsor and investment consultant industry.

John C. Siciliano, President and Chief Executive Officer, said: "A dedicated presence on the West Coast is key to our objective of providing excellent client service. In addition, we see tremendous opportunities to expand our business among the prominent institutional clients located in the Western United States. Bryce Sutton is an investment management executive with considerable sales and marketing experience, and a strong commitment to client service. He also has exceptional long-standing relationships with leading institutional investors to whom we look forward to introducing BKF's diverse investment strategies."

Prior to joining Lynch, Jones & Ryan in 2000, Mr. Sutton was Assistant Vice President, Institutional Marketing at Sife Asset Management and was a financial advisor with Morgan Stanley. Mr. Sutton received a bachelor's degree in political science from Brigham Young University.

BKF Capital Group, Inc. operates primarily through its subsidiary BKF Asset Management, Inc., a New York-based investment management firm. Clients include endowments, foundations, pension and profit sharing plans, registered investment funds and other financial intermediaries. As of December 31, 2005, the firm's assets under management were approximately $4.5 billion.

This press release contains certain statements that are not historical facts, including, most importantly, information concerning possible or assumed future results of operations of BKF and statements preceded by, followed by or that include the words "may," "believes," "expects," "anticipates," or the negation thereof, or similar expressions, which constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). For those statements, BKF claims the protection of the safe harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are based on BKF's current expectations and are susceptible to a number of risks, uncertainties and other factors, and BKF's actual results, performance and achievements may differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include the following: retention and ability of qualified personnel; the performance of the securities markets and of value stocks in particular; the investment performance of client accounts; the retention of significant client and/or distribution relationships; competition; the existence or absence of adverse publicity; changes in business strategy; quality of management; availability, terms and deployment of capital; business abilities and judgment of personnel; labor and employee benefit costs; changes in, or failure to comply with, government regulations; the costs and other effects of legal and administrative proceedings; and other risks and uncertainties referred to in this document and in BKF's other current and periodic filings with the Securities and Exchange Commission, all of which are difficult or impossible to predict accurately and many of which are beyond BKF's control. BKF will not undertake and specifically declines any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. In addition, it is BKF's policy generally not to make any specific projections as to future earnings, and BKF does not endorse any projections regarding future performance that may be made by third parties.