BKF Capital Group Names Scott Maguire Director of Client and Consultant Relations; To Collaborate With James Mylett, Director of Institutional Client Relations / Portfolio Specialist, To Create New Integrated Service Approach.

NEW YORK -- BKF Capital Group, Inc. (NYSE: BKF) today announced that Scott F. Maguire has been named Vice President and Director of Client and Consultant Relations of BKF Asset Management, Inc. (formerly known as John A. Levin & Co., Inc.). In his new position, Mr. Maguire will be responsible for servicing existing consultant relationships and cultivating new relationships with consultants that recommend investment managers to institutional investors. Since joining BKF Asset Management in 2001, Mr. Maguire has served as a Regional Director, responsible for sales and marketing, as well as client service in the Mid-Atlantic states.

Mr. Maguire will report to Stephen T. Eckenberger, Senior Vice President of Sales and Marketing. He will work closely with James C. Mylett, who has assumed an enhanced role as Vice President and Director of Institutional Client Relations / Portfolio Specialist. This integrated service approach is designed to both expand and improve BKF's interactions with clients and consultants.

John C. Siciliano, President and Chief Executive Officer, stated: "As we introduce our diverse investment strategies to a wider universe of investors, it is critical that we consistently provide the highest levels of client service. Since joining BKF, Scott Maguire has done an exceptional job of cultivating and servicing consultants and clients in the Mid-Atlantic region. He has demonstrated the experience and commitment necessary to oversee firm-wide relationships with consultants, and we are pleased to promote him to this new role.

"We are very proud of the new service approach we have created. By aligning Scott and Jim Mylett, we bring together the complementary skills of two CFAs with the financial acumen required to engage in sophisticated dialogue with clients: a dedicated service and relationship manager, and a portfolio specialist who is closely associated with BKF's portfolio managers and can address informational needs with speed and precision. We look forward to Scott's and Jim's leadership in these critical areas, and to the benefits it will have for current and prospective clients and their consultants," Mr. Siciliano concluded.

Prior to joining BKF, Mr. Maguire was a senior vice president of Laurel Capital Advisors, LLP (1989-2001), a financial consultant with Merrill Lynch (1986-1989) and a financial auditor and systems analyst for General Electric (1984-1986). He has achieved the Chartered Financial Analyst and Chartered Alternative Investment Analyst accreditations, and is a member of the CFA Institute, Chartered Alternative Investment Analyst Association and the CFA Society of Philadelphia, Inc. Mr. Maguire earned a BS and two AS degrees from Bentley College.

Mr. Mylett joined BKF in 2000 from Lazard Asset Management where he was a marketing representative (1999-2000) and portfolio manager/analyst (1994-1998). From 1990 to 1994 he was a portfolio manager/analyst at Kidder Peabody Asset Management where he was previously an options/futures trader. He began his career as an analyst at Lyon Research Corp. Mr. Mylett earned a BA from the University of North Carolina, Chapel Hill. He is a member of the New York Society of Securities Analysts, the CFA Institute and IASA.

BKF Capital Group 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 had approximately $4.5 billion in assets under management.

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 which 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.