FOR IMMEDIATE RELEASE

        Icahn Urges Stockholders to Cause Postponement of Annual Meeting

New York, NY, June 11, 2007 - Carl Icahn today asked fellow  stockholders NOT TO
VOTE AT OR ATTEND the annual meeting of WCI Communities set for June 15, 2007.

WCI's  bylaws  require  the  holders of a  majority  of the  outstanding  shares
entitled  to vote at the annual  meeting be present,  in person or by proxy,  in
order to have a quorum to transact business at the annual meeting. By not voting
or attending  the meeting  stockholders  can preclude WCI from  re-electing  its
board for a full-year  prior to the  completion of the  company's  current sales
process.

Carl Icahn stated,  "WCI is obfuscating  the current proxy fight by stating that
electing  a  dissident  slate  of  directors  at the  June 15  meeting  would be
disruptive to the current sales process.  We believe that WCI is using the sales
process as an excuse and  pressure  to re-elect  its  current  board for another
year. A simple solution is to put off the meeting and allow the sales process to
conclude. If this occurs, there will be no need for a proxy contest. However, if
WCI is unable to sell the company on acceptable terms,  stockholders should then
have the option to vote for the  company's  proposed  slate of  directors  or my
slate after having reviewed each of our plans to manage the company for the next
year as an independent entity and not be influenced by extraneous factors."

Stockholders who agree with us and wish to NOT have their shares counted towards
a quorum at the annual meeting should do the following,  with respect to any and
all matters to be voted upon or otherwise considered at the annual meeting:

o    If your shares are held in your name (that is, if you are the record owner)
     or "street name" (that is, if you hold your shares  through a broker,  bank
     or other  holder of  record),  and you have NOT sent in a proxy  card,  you
     should NOT send in any proxy  card or attend  the  meeting in person in any
     manner. Thus you should NOT fill out or submit any proxy card (including to
     vote for,  withhold or abstain).  You should NOT even fill out a gold proxy
     card to vote for our slate.  If you submit any proxy card your  shares will
     be counted  towards a quorum,  no matter how you vote your shares  (even if
     you withhold or abstain).

o    If your shares are held in your name (that is, if you are the record owner)
     and you have  submitted a proxy card to have your shares voted (whether the
     company's white proxy card or our gold proxy card), you must  affirmatively
     REVOKE your proxy card by sending a written  revocation to the secretary of
     the Company prior to the annual meeting.

o    If your shares are in held "street  name" (that is, if you hold your shares
     through a broker,  bank or other holder of record) and you have submitted a
     proxy card to have your shares  voted  (whether the  company's  white proxy
     card or our gold proxy card), you should contact your broker, bank or other
     holder of record  directly  and  advise  them that you wish to REVOKE  your
     proxy card and that they should NOT vote,  withhold,  abstain  from voting,
     fill out or submit  any proxy  card or attend  the  annual  meeting on your
     behalf in any manner.

None of Carl Icahn's  affiliated  entities  intend to vote or  otherwise  attend
WCI's annual meeting, with the exception of High River Limited Partnership as to
the 1,000 shares of WCI common stock of which it is the record owner. High River
will  attend the annual  meeting  for the  purpose  of  nominating  our slate of
directors  and  voting  the  shares as to which we have been  given  proxies  as
required by law.

IF YOU HAVE ANY QUESTIONS  REGARDING  REVOCATION OF PREVIOUSLY  VOTED SHARES YOU
ARE REQUESTED TO CALL:

                            MacKenzie Partners, Inc.
                               105 Madison Avenue
                            New York, New York 10016
                          (212) 929-5500 (Call Collect)
                                       or
                          CALL TOLL-FREE (800) 322-2885

SECURITY HOLDERS ARE ADVISED TO READ THE DEFINITIVE PROXY STATEMENT, AS AMENDED,
RELATED TO THE  SOLICITATION  OF  PROXIES  BY CARL C.  ICAHN AND  CERTAIN OF HIS
AFFILIATES FROM THE STOCKHOLDERS OF WCI COMMUNITIES,  INC. FOR USE AT ITS ANNUAL
MEETING  BECAUSE  IT  CONTAINS  IMPORTANT  INFORMATION,   INCLUDING  INFORMATION
RELATING TO THE PARTICIPANTS IN SUCH PROXY SOLICITATION.  THE AMENDED DEFINITIVE
PROXY STATEMENT AND A FORM OF PROXY ARE AVAILABLE AT NO CHARGE AT THE SECURITIES
AND EXCHANGE COMMISSION'S WEBSITE AT HTTP://WWW.SEC.GOV.

                      Contact: Susan Gordon (212) 702-4309