High Withhold Vote at Recent Annual Meeting

FORT LAUDERDALE, Fla., May 8 /PRNewswire/ -- Woodbridge Equity Fund LLLPand Levitt Corporation (NYSE: LEV), together 'Woodbridge,' today responded tothe certified results of the Office Depot (NYSE: ODP) Annual Meeting ofShareholders held on April 23, 2008 in Boca Raton, Florida.

According to the May 5, 2008 Final Report of the Inspectors of Election,five Office Depot directors received significant withheld/against votes:

     -- Lee A. Ault, III: 80,660,597 withheld/against votes, or 42.73%     -- David W. Bernauer: 68,584,670 withheld/against votes, or 36.33%     -- Abelardo E. Bru: 65,589,021 withheld/against votes, or 34.74%     -- Marsha J. Evans: 68,346,068 withheld/against votes, or 36.20%     -- W. Scott Hedrick: 68,130,853 withheld/against votes, or 36.09%

'The fact that five of the 12 Office Depot director nominees received sucha large number of withhold votes should send a strong signal to the currentboard and management that shareholders are committed to holding this boardaccountable for the Company's performance,' said Alan B. Levan, President ofWoodbridge Capital Corporation, the General Partner of Woodbridge Equity FundLLLP.

'While Office Depot's management and board have pledged to turn around theCompany's business, we were again disappointed by the Company's first quarterresults. However, with disciplined management and effective board leadershipand oversight, we believe Office Depot can and will regain a dominantcompetitive position in the office retailing space. We intend to continue tomonitor the Company's performance and progress in implementing its strategicturnaround plan in the months ahead,' concluded Mr. Levan.

Woodbridge is a beneficial owner of 3,000,200 shares of Office Depotcommon stock.

Woodbridge Equity Fund LLLP

Woodbridge Capital Corporation, a wholly-owned subsidiary of LevittCorporation, is the general partner of, and Levitt Corporation is the limitedpartner of, Woodbridge Equity Fund LLLP.

Levitt Corporation

Levitt Corporation, directly and through its wholly-owned subsidiaries,historically has been a real estate development company. Going forward,Levitt Corporation intends to pursue acquisitions and investmentsopportunistically within and outside the real estate industry.

     Contacts:     Steve Lipin/Nina Devlin     Brunswick Group     212.333.3810

SOURCE Woodbridge Equity Fund LLLP