FOR IMMEDIATE RELEASE

                         ICAHN'S TENDER FOR WCI EXPIRES

New York,  NY, May 21,  2007 - Carl Icahn  announced  today that the any and all
cash  tender  offer at  $22.00  per share for  shares of WCI  Communities,  Inc.
expired at midnight,  Friday,  May 18, 2007, with none of the approximately 10.8
million shares tendered being  purchased by his  affiliates.  This resulted from
the  failure by WCI to redeem the poison pill and meet the  condition  regarding
Section 203 of the Delaware General Corporation Law.

Mr. Icahn stated that he will have much more to say about this  subject,  but it
is sufficient to point out that WCI prevented its stockholders who were desirous
of achieving liquidity at a substantial premium from doing so. Mr. Icahn further
stated,  "I hope for the  stockholders'  sake that WCI has a bid for the Company
better  than  $22.00  per share or else it was  reprehensible  to take away this
opportunity  from them.  Should WCI fail to achieve  such a sale price,  we hope
that  stockholders  will support our proxy fight to unseat the current  Board of
Directors."

SECURITY  HOLDERS ARE ADVISED TO READ THE PROXY  STATEMENT  AND OTHER  DOCUMENTS
RELATED TO  SOLICITATION  OF PROXIES BY MR.  ICAHN AND HIS  AFFILIATES  FROM THE
STOCKHOLDERS OF WCI COMMUNITIES,  INC. FOR USE AT ITS ANNUAL MEETING WHEN AND IF
THEY  BECOME  AVAILABLE,   BECAUSE  THEY  WILL  CONTAIN  IMPORTANT  INFORMATION,
INCLUDING   INFORMATION   RELATING  TO  THE   PARTICIPANTS  IN  ANY  SUCH  PROXY
SOLICITATION.  WHEN AND IF COMPLETED, A DEFINITIVE PROXY STATEMENT AND A FORM OF
PROXY WHICH WILL BE MAILED TO STOCKHOLDERS OF WCI COMMUNITIES,  INC. AND WILL BE
AVAILABLE AT NO CHARGE AT THE  SECURITIES AND EXCHANGE  COMMISSION'S  WEBSITE AT
HTTP://WWW.SEC.GOV.  INFORMATION  RELATING TO THE  POTENTIAL  PARTICIPANTS  IN A
POTENTIAL PROXY SOLICITATION IS CONTAINED IN EXHIBIT 1 TO THE SCHEDULE 14A FILED
WITH THE SECURITIES AND EXCHANGE COMMISSION ON APRIL 30, 2007.

                      Contact: Susan Gordon (212) 702-4309