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Bluegreen Vacations(TM) Expands Virtual Reality Capabilities With Launch of Second Bluegreen VR Experience in 2018

FORT LAUDERDALE, FL—(Marketwired – April 25, 2018) – BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB) (“BBX Capital”), announced that Bluegreen Vacations Corporation (NYSE: BXG), which is 90% owned by BBX Capital, issued the following release.

About BBX Capital Corporation: BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB), is a Florida–based diversified holding company whose activities include its 90 percent ownership interest in Bluegreen Vacations Corporation (NYSE: BXG) as well as its real estate and middle market divisions. For additional information, please visit www.BBXCapital.com.

About Bluegreen Vacations Corporation: Bluegreen Vacations Corporation (NYSE: BXG) is a leading vacation ownership company that markets and sells vacation ownership interests (VOIs) and manages resorts in top leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points–based, deeded vacation ownership plan with approximately 213,000 owners, 67 Club and Club Associate Resorts and access to more than 11,000 other hotels and resorts through partnerships and exchange networks as of December 31, 2017. Bluegreen Vacations also offers a portfolio of comprehensive, fee–based resort management, financial, and sales and marketing services, to or on behalf of third parties. Bluegreen is 90% owned by BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB), a diversified holding company. For further information, visit www.BluegreenVacations.com.

The Bluegreen Vacations press release follows below:

Bluegreen Vacationsâ¢ Expands Virtual Reality Capabilities With Launch of Second Bluegreen VR Experience in 2018
– Springfield, Missouri follows Memphis, Tennessee as the second location offering an immersive preview of life as a Bluegreen Vacation owner –

BOCA RATON, Florida (April 25, 2018) – Bluegreen Vacations (NYSE: BXG) announced that the second location of its custom–built virtual reality (VR) experience will be in Springfield, Missouri. Its first VR location was launched in Memphis, Tennessee late last year. Powered by Oculus Rift, the self–guided experience transports visitors to one of three resorts in the Bluegreen Vacation Club and provides 360–degree videos previewing unique on–site amenities, room and common area views, as well as nearby attractions.

The Springfield launch follows just months after Bluegreen Vacations' pilot installation debuted inside the Bass Pro ShopsÂ® at the Pyramid in Memphis with ten Oculus Rift stations in an open air location as well as a private journey room. The new Springfield VR experience, located inside Bass Pro's largest and original store, has three Oculus stations showcasing Bluegreen's properties on–site at the Big Cedar Resort with interactive 360–degree video previews of the exclusive on–site amenities and experiences owners have access to, including Big Cedar's award–winning golf courses and spa, a family–style amusement park, as well as a 10,000–acre nature and wildlife exhibit.

“VR technology allows travelers to immerse themselves in the great outdoors and Bluegreen Vacations resorts in a way that a static image simply can't provide,” said Famous Rhodes, Executive Vice President and Chief Marketing Officer of Bluegreen Vacations. “Bluegreen continues to test and pilot new technologies for introducing the Bluegreen Vacations experience to the millions of consumers that walk through our partner retail stores and outlets. The evolution of our VR capabilities and the opening of our second public experience is a testament to our commitment to pursuing emerging technologies which can enhance our customers' experience.

For more information, visit BluegreenVacations.com or visit the Springfield, Missouri or Memphis, Tennessee Bass Pro ShopsÂ® stores during regular business hours.

About Bluegreen Vacations Corporation:

Bluegreen Vacations Corporation (NYSE: BXG) is a leading vacation ownership company that markets and sells vacation ownership interests (VOIs) and manages resorts in top leisure and urban destinations. The Bluegreen Vacation Club is a flexible, points–based, deeded vacation ownership plan with approximately 213,000 owners, 67 Club and Club Associate Resorts and access to more than 11,000 other hotels and resorts through partnerships and exchange networks as of December 31, 2017. Bluegreen Vacations also offers a portfolio of comprehensive, fee–based resort management, financial, and sales and marketing services, to or on behalf of third parties. Bluegreen is 90% owned by BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB), a diversified holding company. For further information, visit www.BluegreenVacations.com.

About BBX Capital Corporation:

BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB), is a Florida–based diversified holding company whose activities include its 90% ownership interest in Bluegreen Vacations Corporation (NYSE: BXG) as well as its real estate and middle market divisions. For additional information, please visit www.BBXCapital.com.

Forward–Looking Statements:

Certain statements in this press release are “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. All statements, other than statements of historical fact, are forward–looking statements. Forward–looking statements are based on current expectations of management and can be identified by the use of words such as “believe”, “may”, “could”, “should”, “plans”, “anticipates”, “intends”, “estimates”, “expects”, and other words and phrases of similar impact. Forward–looking statements involve risks, uncertainties and other factors, many of which are beyond our control, that may cause actual results or performance to differ from those set forth or implied in the forward–looking statements. These risks and uncertainties include, without limitation, that the VR capabilities will not enhance customer experience, be pursued in the future, be successful in attracting customers to Bluegreen Vacations or result in the sale of Bluegreen VOIs, as well as the additional risks and uncertainties described in Bluegreen's filings with the Securities and Exchange Commission, including, without limitation, those described in the “Risk Factors” section of Bluegreen's Annual Report on Form 10–K for the year ended December 31, 2017. Bluegreen cautions that the foregoing factors are not exclusive. You should not place undue reliance on any forward–looking statement, which speaks only as of the date made. Bluegreen does not undertake, and specifically disclaims any obligation, to update or supplement any forward–looking statements.

Media Contact:
Brad Simon
Edelman
305–358–5291
Email: Bradley.Simon@edelman.com

BBX Capital to Issue Financial Results for the First Quarter, 2018

FORT LAUDERDALE, FL—(Marketwired – April 24, 2018) – BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB) announced today that the Company plans to release its financial results for the first quarter ended March 31, 2018, in a press release to be issued after market close on Monday, May 7, 2018.

About Bluegreen Vacations Corporation: Bluegreen Vacations Corporation (NYSE: BXG), founded in 1966 and headquartered in Boca Raton, Florida, is a leading vacation ownership company that markets and sells vacation ownership interests (VOIs) and manages resorts in top leisure and urban destinations. Bluegreen's resort network includes 43 Club Resorts (resorts in which owners in the Bluegreen Vacation Club (“Vacation Club”) have the right to use most of the units in connection with their VOI ownership) and 24 Club Associate Resorts (resorts in which owners in its Vacation Club have the right to use a limited number of units in connection with their VOI ownership). Through Bluegreen's points–based system, the approximately 213,000 owners in its Vacation Club have the flexibility to stay at units available at any of its resorts and have access to almost 11,000 other hotels and resorts through partnerships and exchange networks. Bluegreen Vacations also offers a portfolio of comprehensive, fee–based resort management, financial, and sales and marketing services, to or on behalf of third parties. Bluegreen is 90% owned by BBX Capital Corporation. For further information, visit www.BluegreenVacations.com.

Bluegreen Vacations(TM) Renews Quorum Purchase Facility

FORT LAUDERDALE, FL—(Marketwired – April 23, 2018) – BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB) (“BBX Capital”) announced that Bluegreen Vacations Corporation (NYSE: BXG), which is 90% owned by BBX Capital, issued the following release.

The Bluegreen Vacations press release follows below:

Bluegreen Vacations Renews Quorum Purchase Facility

BOCA RATON, FL – April 20, 2018– Bluegreen Vacations Corporation (NYSE: BXG), along with Bluegreen/Big Cedar Vacations, LLC, a joint venture in which Bluegreen Vacations has a majority interest, today announced the renewal of the non–recourse VOI notes receivable purchase facility with Quorum Federal Credit Union (“Quorum”). Under this renewal, Quorum has agreed to purchase, on a revolving basis, eligible VOI notes receivable in an aggregate purchase price of up to $50 million. As of April 6, 2018, $21.1 million was outstanding under the Quorum Purchase Facility. The amendment to the Quorum Purchase Facility extended the purchase period from June 30, 2018 to June 30, 2020.

“The renewal of our Quorum Purchase Facility is consistent with our strategy of maintaining diversified sources of liquidity for our VOI notes receivable, and will provide enhanced capacity to support our stated growth initiatives,” said Tony Puleo, Bluegreen Vacation's Executive Vice President and Chief Financial Officer. “We deeply value our relationship with Quorum Federal Credit Union and look forward to continuing to work together as we move forward.”

As part of this amendment, Quorum agreed to an interest rate of 4.95% per annum on advances made through September 30, 2018. The interest rate on advances made after September 30, 2018 will be set at the time of funding based on rates mutually agreed upon by all parties. The amendment also reduced the loan purchase fee applicable to future advances from 0.50% to 0.25% and extended the maturity of the Quorum Purchase Facility from December 2030 to December 2032.

About Bluegreen Vacations Corporation:

About BBX Capital Corporation:

About BBX Capital Corporation: BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB), is a Florida–based diversified holding company whose activities include its 90 percent ownership interest in Bluegreen Vacations Corporation (NYSE: BXG) as well as its real estate and middle market divisions. For additional information, please visit www.BBXCapital.com.

Forward–Looking Statements:

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 actual results or performance to differ from those expected in the forward–looking statements, including but not limited to, the risk that the terms for drawing on the facility, including the maintenance of required ratios and compliance with applicable covenants, will not be met and risks that interest rates or advances after September 30, 2018 will not be mutually agreed to or will be higher than 4.95%. Additional risks and uncertainties are described in Bluegreen's filings with the Securities and Exchange Commission available to view on the SEC's website, www.sec.gov, and on Bluegreen Vacation's website, ir.bluegreenvacations.com/. You should not place undue reliance on any forward–looking statement, which speaks only as of the date made. Bluegreen Vacations cautions that it does not undertake, and specifically disclaims any obligation, to update or supplement such forward–looking statements.

Bluegreen Vacations Investor Relations Contact:
Danielle O'Brien, 212–704–8166
Email: Bluegreen@edelman.com

Bluegreen Vacations Media Contact:
Jennifer Williams, 561–912–8266
Email: Jennifer.Williams@bluegreenvacations.com

Bluegreen Vacations(TM) to Report First Quarter 2018 Results on May 3, 2018

FORT LAUDERDALE, FL—(Marketwired – April 23, 2018) – BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB) (“BBX Capital”), announced that Bluegreen Vacations Corporation (NYSE: BXG), which is 90% owned by BBX Capital, issued the following release.

The Bluegreen Vacations press release follows below:

Bluegreen Vacations to Report First Quarter 2018 Results on May 3, 2018

BOCA RATON, FL – April 20, 2018 – Bluegreen Vacations Corporation (NYSE: BXG) (“Bluegreen Vacations”) announced today that it will release its results for the first quarter ended March 31, 2018, after market close on Thursday, May 3, 2018. In addition, Bluegreen Vacations will provide a pre–recorded business update via webcast and supplemental management presentation on the Investor Relations section of Bluegreen Vacations' website at ir.bluegreenvacations.com. A transcript will also be available simultaneously with the webcast.

About Bluegreen Vacations Corporation:

About BBX Capital Corporation:

Bluegreen Vacations Investor Relations Contact:
Danielle O'Brien, 212–704–8166
Email: Bluegreen@edelman.com

Bluegreen Vacations Media Contact:
Jennifer Williams, 561–912–8266
Email: Jennifer.Williams@bluegreenvacations.com

Bluegreen Vacations(TM) Announces Second Quarter 2018 Dividend

The Bluegreen Vacations press release follows below:

Bluegreen Vacations Announces Second Quarter 2018 Dividend

BOCA RATON, FL – April 19, 2018 – Bluegreen Vacations Corporation (NYSE: BXG) (“Bluegreen” or “the Company”) announced today that its board of directors has approved a cash dividend payment of $0.15 per share of common stock. The dividend is payable May 15, 2018 to shareholders of record on the close of trading on April 30, 2018.

About Bluegreen Vacations Corporation:

About BBX Capital Corporation:

Bluegreen Vacations Investor Relations Contact:
Danielle O'Brien, 212–704–8166
Email: Bluegreen@edelman.com

Bluegreen Vacations Media Contact:
Jennifer Williams, 561–912–8266
Email: Jennifer.Williams@bluegreenvacations.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 or performance to differ from those projected in the forward–looking statements, including but not limited to, the risk that quarterly dividend payments may not be declared at the current annualized amount, in the future or on a regular basis, or as anticipated, if at all and risks associated with the Company's future progress and performance. For a description of risks relating to the payment of dividends as well as other risks and uncertainties, please review the “Risk Factors” section and other information contained in the Company's Annual Report on Form 10–K for the year ended December 31, 2017, filed with the Securities and Exchange Commission, which are available on the SEC's website, https://www.sec.gov, and on Bluegreen's website, www.bluegreenvacations.com

BBX Capital Real Estate Announces the Grand Opening of Beacon Lake, its Master-Planned Community Near Jacksonville, Florida

FORT LAUDERDALE, FL—(Marketwired – April 20, 2018) – BBX Capital Real Estate, a division of BBX Capital Corporation (NYSE: BBX) (“BBX Capital” or “BBX”), announced today that the grand opening of Phase One of its master–planned community, Beacon Lake, located in St. Johns County near Jacksonville, will take place on Saturday, April 21st from 11:00 a.m. to 3:00 p.m.

The grand opening will feature five furnished and decorated single–family model homes built by Dream Finders Homes and Mattamy Homes — two highly respected builders with long standing reputations for building high quality homes. Guests at the grand opening will enjoy live music, a family fun zone, food trucks, giveaways and the chance to win prizes. The event is free and open to the public. Guests are asked to pre–register at www.beaconlakegrandopening.eventbrite.com.

Beacon Lakes' planned 8,200 square foot Lake House Amenity and Fitness Center situated on a 43–acre lake is currently under construction. Planned amenities include a splash park, junior Olympic pool, lakeside sand beach and accommodations for paddle–boarding, kayaking, canoeing and many other indoor and outdoor activities. The Lake House is planned to serve as the social hub of Beacon Lake, bringing families together for fun, socialization and relaxation.

BBX Capital Real Estates' Beacon Lake is currently envisioned to consist of approximately 1,476 residential units upon completion, include 1,280 single family homes and 196 townhomes on a 632–acre parcel. The property includes a 43–acre lake nestled within 358 acres of nature preserve. Beacon Lake is conveniently situated on CR–210 between I–95 and US–1, making it an easy commute to Jacksonville and St. Augustine.

About BBX Capital Real Estate: BBX Capital Real Estate is active in the acquisition, ownership and management of real estate development projects and investments in joint ventures. For further information, please visit http://www.bbxcapital.com/bbx–capital–real–estate/overview/

This press release contains forward–looking statements based on current expectations that involve a number of risks and uncertainties. All opinions, forecasts, projections, future plans or other statements, other than statements of historical fact, are forward–looking statements and include, but not limited to, words or phrases such as “plans,” “believes,” “will,” “expects,” “anticipates,” “intends,” “estimates,” “our view,” “we see,” “would” and words and phrases of similar import. We can give no assurance that such expectations will prove to be correct. Future results could differ materially as a result of a variety of risks and uncertainties, many of which are outside of the control of management. These risks and uncertainties include, but are not limited to the impact of economic, competitive and other factors affecting the Company; the risk that the property and the planned amenities will not be built as contemplated; and the risks that the Company's investment in this or future master–planned community developments or real estate joint ventures may not achieve the returns anticipated or be profitable. In addition to the risks and factors identified above, reference is also made to other risks and factors impacting the Company and BBX Capital Real Estate are detailed in BBX Capital's Annual Report on Form 10–K for the year ended December 31, 2017, including Item 1A. Risk Factors, which is available to view on the SEC's website, www.sec.gov, or on BBX Capital's website, www.BBXCapital.com. The Company cautions that the foregoing factors are not exclusive.

Image Available: http://www.marketwire.com/library/MwGo/2018/4/20/11G150420/Images/BBX_pic_1–2c4053ffffb6997a8d55a9f58b3f9790.jpg
Image Available: http://www.marketwire.com/library/MwGo/2018/4/20/11G150420/Images/BBX_pic_2–798aa9f6c681938ab7c2184131339c4b.jpg

BBX Capital Corporation Announces Final Results of Tender Offer

FORT LAUDERDALE, FL—(Marketwired – April 20, 2018) – BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB) (“BBX Capital”) announced today the final results of its tender offer to purchase up to 6,486,486 shares of its Class A Common Stock at a purchase price of $9.25 per share. The tender offer expired at 5:00 P.M., New York City time, on Tuesday, April 17, 2018.

Based on the final count by Computershare Trust Company, N.A., the Depositary for the tender offer, a total of 7,775,065 shares of BBX Capital's Class A Common Stock were properly tendered and not properly withdrawn. Because the tender offer was oversubscribed, shares were accepted from tendering shareholders on a pro rata basis so that BBX Capital accepted for purchase a total of 6,486,486 shares of its Class A Common Stock. BBX Capital has been informed by the Depositary that the proration factor for the tender offer is approximately 83.4%. The shares accepted for purchase by BBX Capital represent approximately 7.6% of the issued and outstanding shares of BBX Capital's Class A Common Stock and 6.3% of BBX Capital's total issued and outstanding equity, which includes the issued and outstanding shares of BBX Capital's Class B Common Stock, as of April 19, 2018.

The aggregate purchase price for the shares purchased by BBX Capital in the tender offer is approximately $60.0 million, excluding fees and expenses relating to the tender offer. BBX Capital will pay for the shares purchased by it in the tender offer and the related fees and expenses using available cash. The Depositary will promptly issue payment for the shares accepted for purchase in the tender offer and return shares tendered in the tender offer but not accepted for purchase.

Alan B. Levan, Chairman and Chief Executive Officer of BBX Capital, said, “We are pleased that the tender offer was successfully completed and that we were able to provide shareholders with liquidity without disruption to the market price.”

BBX Capital expects to cancel all of the shares purchased by it in the tender offer. After giving effect to the purchase and cancellation of the shares, BBX Capital will have approximately 79.2 million shares of Class A Common Stock outstanding.

Shareholders who have questions or would like additional information about the tender offer may contact the Information Agent for the tender offer, Georgeson LLC, toll–free at (800) 248–7690.

About BBX Capital Corporation: BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB), is a Florida–based diversified holding company whose activities include its 90% ownership interest in Bluegreen Vacations Corporation (NYSE: BXG) as well as its real estate and middle market divisions. For additional information, please visit www.BBXCapital.com.

This press release contains forward–looking statements based on current expectations that involve a number of risks and uncertainties. The forward–looking statements in this press release are also forward–looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward–looking statements contained herein. Risks and uncertainties include, but are not limited to, those relating to the tender offer described in this press release, including the risk that the expected benefits from the tender offer may not be realized. Reference is also made to the risks and uncertainties detailed in reports filed by BBX Capital with the SEC, including the “Risk Factors” section of BBX Capital's Annual Report on Form 10–K for the year ended December 31, 2017, which may be viewed on the SEC's website at www.sec.gov. BBX Capital cautions that the foregoing factors are not exclusive.

Bluegreen Vacations(TM) Acquires The Ãilan Hotel and Spa

FORT LAUDERDALE, FL—(Marketwired – April 18, 2018) – BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB) (“BBX Capital”), announced that Bluegreen Vacations Corporation (NYSE: BXG), which is 90% owned by BBX Capital, issued the following release.

BBX Capital Corporation Contact Info:
Investor Relations: Leo Hinkley, Managing Director, Investor Relations Officer
954–940–5300, Email: LHinkley@BBXCapital.com

The Bluegreen Vacations press release follows below:

Bluegreen Vacations(TM) Acquires The Ãilan Hotel and Spa

BOCA RATON, FL — April 18, 2018 — Bluegreen Vacations Corporation (NYSE: BXG) (“Bluegreen” or the “Company”), a leading vacation ownership company, today announced the acquisition of The Ãilan Hotel and Spa in San Antonio, Texas for approximately $34.3 million.

“This acquisition reflects our ability to identify attractive opportunities in key markets aligned with our western expansion initiatives, and is an important addition to our resort portfolio,” said Shawn B. Pearson, CEO of Bluegreen Vacations. “The Ãilan Hotel and Spa property is consistent with our 'drive–to' resort strategy with over ten percent of current Bluegreen Vacation Club owners living in Texas and its surrounding states. We are excited to offer our current and future owners the option to visit The Ãilan.”

Bluegreen also plans to add a 13,000 square foot sales office at the resort by year end, which Bluegreen believes will expand its footprint for new business prospects and owner growth. The acquisition further leverages Bluegreen's existing marketing platforms, which include the seven Bass Pro Shops located in Texas, as well as its recently extended relationship with Choice Hotels.

ZB N.A. (d/b/a National Bank of Arizona) is providing up to $27.5 million of financing, $24.3 million at closing for the acquisition of the resort and up to an additional $3.2 million to fund certain future improvement costs.

The Ãilan Hotel & Spa is a 165–guest room, boutique hotel featuring a 10–treatment–room spa, resort–style pools, a state–of–the–art fitness center, tennis courts and virtual golf. Guests are welcomed by Roman arches, modern art and Italian–inspired grounds close to the shopping, dining and entertaining districts of the city. The Ãilan is also near the San Antonio Museum of Art, which features a collection of both western and eastern art history, the Texas wine country, the second fastest growing wine region in the United States, as well as Six Flags theme park, the 36–hole La Cantera Golf Club, The Rim (Bass Pro site), Shops at La Cantera and Top Golf.

The resort is located within a 120–acre mixed–use development, nested within the foothills of the Texas hill country and is approximately 20 miles from downtown San Antonio, whose nearby attractions include The Alamo and River Walk, a public park spanning five miles along the San Antonio River, lined with shops and restaurants, and over 20 special events throughout the year.

About Bluegreen Vacations Corporation:

About BBX Capital Corporation:

Forward–Looking Statements:

Certain statements in this press release are “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. All statements, other than statements of historical fact, are forward–looking statements. Forward–looking statements are based on current expectations of management and can be identified by the use of words such as “believe”, “may”, “could”, “should”, “plans”, “anticipates”, “intends”, “estimates”, “expects”, and other words and phrases of similar impact. Forward–looking statements involve risks, uncertainties and other factors, many of which are beyond our control, that may cause actual results or performance to differ from those set forth or implied in the forward–looking statements. These risks and uncertainties include, without limitation, that The Ãilan sales office may not be opened as planned, the sales location may not be successful, Bluegreen Vacation Club Owners and marketing guests may not desire to stay at the resort, as well as additional risks and uncertainties described in Bluegreen's filings with the Securities and Exchange Commission, including, without limitation, those described in the “Risk Factors” section of Bluegreen's Annual Report on Form 10–K for the year ended December 31, 2017. Bluegreen cautions that the foregoing factors are not exclusive. You should not place undue reliance on any forward–looking statement, which speaks only as of the date made. Bluegreen does not undertake, and specifically disclaims any obligation, to update or supplement any forward–looking statements.

BBX Capital Corporation Announces Preliminary Results of Tender Offer

FORT LAUDERDALE, FL—(Marketwired – April 18, 2018) – BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB) (“BBX Capital”) announced today the preliminary results of its tender offer to purchase up to 6,486,486 shares of its Class A Common Stock at a purchase price of $9.25 per share. The tender offer expired at 5:00 P.M., New York City time, on Tuesday, April 17, 2018.

Based on the preliminary count by Computershare Trust Company, N.A., the Depositary for the tender offer, a total of 7,775,126 shares of BBX Capital's Class A Common Stock were properly tendered and not withdrawn, including 27,394 shares that were tendered by notice of guaranteed delivery. In accordance with the terms and conditions of the tender offer and based on the preliminary count by the Depositary which indicates that the tender offer was oversubscribed, it is expected that the number of shares that BBX Capital will purchase from tendering shareholders will be prorated so that BBX Capital purchases a total of up to 6,486,486 shares in the tender offer for an aggregate cost of approximately $60.0 million, excluding fees and expenses relating to the tender offer. Based on the preliminary information provided by the Depositary and assuming that all shares tendered by guaranteed delivery procedures are timely delivered under the terms of the tender offer, it is estimated that the proration factor for the tender offer will be approximately 83.4%. The shares expected to be purchased represent approximately 7.6% of the issued and outstanding shares of BBX Capital's Class A Common Stock and 6.3% of BBX Capital's total issued and outstanding equity, which includes the issued and outstanding shares of BBX Capital's Class B Common Stock. BBX Capital will pay for shares purchased by it in the tender offer and the related fees and expenses using available cash.

The number of shares of BBX Capital's Class A Common Stock expected to be purchased in the tender offer, the aggregate purchase price for the shares, and the proration factor indicated above are preliminary and subject to final confirmation by the Depositary and the proper delivery of shares tendered, including shares tendered pursuant to the guaranteed delivery procedure. The final results of the tender offer, including the final proration factor, will be announced promptly following completion of the confirmation process. Payment for shares of BBX Capital's Class A Common Stock accepted for purchase will be made in accordance with the terms of the tender offer promptly following final confirmation of the number of shares tendered and the final proration factor, and taking into account adjustments to avoid purchases of fractional shares. In addition, all shares tendered in the tender offer but not accepted for purchase will be promptly returned to tendering shareholders following completion of the confirmation process.

Shareholders who have questions or would like additional information about the tender offer may contact the Information Agent for the tender offer, Georgeson LLC, toll–free at (800) 248–7690.

This press release contains forward–looking statements based on current expectations that involve a number of risks and uncertainties. The forward–looking statements in this press release are also forward–looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward–looking statements contained herein. Risks and uncertainties include, but are not limited to, those relating to the tender offer described in this press release, including that the results of the tender offer announced in this press release are preliminary and are subject to adjustment and final confirmation, and the risk that the expected benefits from the tender offer may not be realized. Reference is also made to the risks and uncertainties detailed in reports filed by BBX Capital with the SEC, including the “Risk Factors” section of BBX Capital's Annual Report on Form 10–K for the year ended December 31, 2017, which may be viewed on the SEC's website at www.sec.gov. BBX Capital cautions that the foregoing factors are not exclusive.

Bluegreen Vacations Renews and Extends $50 million Timeshare Receivables Facility

FORT LAUDERDALE, FL—(Marketwired – April 10, 2018) – BBX Capital Corporation (NYSE: BBX) (OTCQX: BBXTB) (“BBX Capital”), announced that Bluegreen Vacations Corporation (NYSE: BXG), which is 90% owned by BBX Capital, issued the following release.

The Bluegreen Vacations press release follows below:

Bluegreen Vacations Renews and Extends $50 million Timeshare Receivables Facility

BOCA RATON, FL – April 09, 2018 – Bluegreen Vacations Corporation (NYSE: BXG) (“Bluegreen” or the “Company”) today reported that on March 12, 2018, the Company amended and restated its revolving timeshare receivables hypothecation facility with Liberty Bank. The restructured revolving credit period will now run through March 2020, maturing in March 2023. This agreement did not impact the maximum permitted outstanding borrowing of $50 million, and as of March 12, 2018, only $22.8 million was outstanding under the facility. Commencing on April 1, 2018, the interest rate on the facility will decrease to the Prime Rate from the Prime Rate plus 0.50%, both subject to a floor of 4.00%. Bluegreen plans to continue to use the facility to finance vacation ownership interest notes receivable.

“This extension to our agreement with Liberty Bank continues and improves a key element of our liquidity profile to fuel growth in our vacation ownership sales,” commented Tony Puleo, Bluegreen Vacation's Executive Vice President and Chief Financial Officer. “We value our longstanding relationship with Liberty Bank, and we believe this amended agreement will contribute to the ongoing success of our business model.”

Don Peruta, Senior Vice President of Liberty Bank commented, “Liberty Bank is excited to continue our relationship with Bluegreen. We are pleased to play a role in its ongoing success and remain committed to supporting the vacation ownership industry.”

About Bluegreen Vacations Corporation:

About BBX Capital Corporation:

Forward–Looking Statements:

Certain statements in this press release are “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. All statements, other than statements of historical fact, are forward–looking statements. Forward–looking statements are based on current expectations of management and can be identified by the use of words such as “believe”, “may”, “could”, “should”, “plans”, “anticipates”, “intends”, “estimates”, “expects”, and other words and phrases of similar impact. Forward–looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those set forth or implied by the forward–looking statements, including but not limited to, risks that the Company's results or performance will differ from that expected, the risk that the terms for drawing on the facility will not be met, and the risk that the Company will not in the future be in compliance with applicable covenants and ratios required by the facility. For a description of other risks and uncertainties, please see the “Risk Factors” section of Bluegreen's Annual Report on Form 10–K for the year ended December 31, 2017. Bluegreen cautions that the foregoing factors are not exclusive. You should not place undue reliance on any forward–looking statement, which speaks only as of the date made. Bluegreen does not undertake, and specifically disclaims any obligation, to update or supplement any forward–looking statements.

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