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BKF Capital Group and John Levin Structure New Relationship Providing for Transition to a New CEO; Continuing Relationship Between Mr. Levin and BKF

NEW YORK--(BUSINESS WIRE)--Aug. 23, 2005--BKF Capital Group, Inc. (NYSE:BKF) today announced that it has reached an agreement with John A. Levin, the firm's current Chief Executive Officer, which provides for a continuing relationship between Mr. Levin and the Company. Mr. Levin will continue as Chief Executive Officer until the earlier of October 1, 2005 or the retention of a successor.

As previously disclosed, BKF has retained an executive search firm and is actively seeking a successor to Mr. Levin as CEO. BKF stated that it hopes to finalize the selection of a new CEO in the near future.

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BKF Capital Group and John Levin Structure New Relationship Providing for Transition to a New CEO; Continuing Relationship Between Mr. Levin and BKF

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