FORT LAUDERDALE, Fla., June 20 /PRNewswire-FirstCall/ -- BFC Financial Corporation ("BFC") (NASDAQ:BFCF) announced today that its Class A common stock has been approved for listing on the NYSE Arca exchange ("NYSE Arca") under the symbol "BFF." The Class A Common Stock is scheduled to begin trading on the NYSE Arca on Thursday, June 22, 2006. BFC's Class A Common Stock has traded on the NASDAQ National Market under the symbol "BFCF" since April 2003 and will continue trading on the NASDAQ National Market until the NYSE Arca listing becomes effective. BFC is a Fort Lauderdale, Florida-based holding company that invests in and acquires diverse operating businesses. BFC's strategy is to partner with world class management teams building high-growth companies in diverse industries and to be patient, supportive long-term owners of the companies it acquires. "We have enjoyed an outstanding relationship with NASDAQ over the years and believe that moving to NYSE Arca will contribute to our efforts to enhance shareholder value and enhance the liquidity and visibility of our shares. In addition, being listed on NYSE Arca enables BFC to join its NYSE listed affiliated companies BankAtlantic Bancorp (NYSE:BBX), Levitt Corporation (NYSE:LEV) and Bluegreen Corporation (NYSE:BXG) as part of the NYSE Group," BFC Financial Chairman and CEO Alan Levan stated. "We welcome BFC as the first company to transfer to NYSE Arca from NASDAQ," said John A. Thain, CEO, NYSE Group. "This is an historic event and, on behalf of my colleagues, I congratulate the BFC management team for leading the way as an innovative NYSE Arca listed company. We look forward to a great partnership going forward." About NYSE Arca NYSE Arca, a wholly owned subsidiary of NYSE Group, Inc. (NYSE:NYX), operates the first open, all-electronic stock exchange in the United States and has a leading position in trading exchange-traded funds and exchange- listed securities. NYSE Arca is also an exchange for trading equity options. NYSE Arca's trading platform links traders to multiple U.S. market centers and provides customers with fast electronic execution and open, direct and anonymous market access. About BFC Financial Corporation: BFC Financial Corporation (NASDAQ:BFCF) is a diversified holding company that invests in and acquires private and public companies in different industries. BFC is typically a long-term, "buy and hold" investor whose direct and indirect, diverse ownership interests span a variety of business sectors, including consumer and commercial banking; brokerage and investment banking services; homebuilding; development of master-planned communities; the hospitality and leisure sector through the development, marketing and sales of vacation resorts on a time-share, vacation club model; the restaurant and family dining business, and real estate investment banking and investment services. BFC's current major holdings include BankAtlantic Bancorp (NYSE:BBX) and its subsidiaries, BankAtlantic and Ryan Beck & Co.; Levitt Corporation (NYSE:LEV), which includes its subsidiaries Levitt and Sons(TM) and Core Communities; Levitt Corporation's 31% ownership in Bluegreen Corporation (NYSE:BXG); a minority interest in the renowned national restaurant chain, Benihana, Inc. (NASDAQ:BNHNA), and Cypress Creek Capital, a wholly-owned subsidiary. For further information, please visit our website at: http://www.bfcfinancial.com/ . To receive future news releases or announcements directly via Email, please click on the Email Broadcast Sign Up button on the BFC website. BFC Contact Info: Investor and Corporate Communications: Sharon Lyn, Vice President Email: Investor Relations: Leo Hinkley, Senior Vice President Email: Mailing Address and Telephone: BFC Financial Corporation Attn: Investor Relations 2100 West Cypress Creek Road Fort Lauderdale, FL 33309 Phone: (954) 940-4994 Fax: (954) 940-5320 NYSE Arca Contact: Robert Powers 212-656-2930 Statements contained in this press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), that involve substantial risks and uncertainties. Actual results or performance could differ materially from those contemplated, expressed or implied. Forward-looking statements are based largely on the expectations of BFC, and are subject to a number of risks and uncertainties that are subject to change based on factors which are, in many instances, beyond the Company's control. These include, but are not limited to risks and uncertainties associated with: the possibility that the Company's Class A Common Stock might not commence trading on the NYSE Arca on a timely basis or at all, the risk that the listing of the Company's Class A Common Stock on the NYSE Arca might not increase the liquidity in the trading market in the Company's Class A Common Stock, and risks and uncertainties relating to the Company's ability to remain in compliance with the NYSE Arca's listing standards and the consequences of any non-compliance. Additional information relating to BFC and its associated portfolio of publicly-traded companies, including the risks and uncertainties relating to their respective businesses, are contained in reports filed by the Companies with the Securities and Exchange Commission. The Company cautions that the foregoing factors are not exclusive. http://www.newscom.com/cgi-bin/prnh/20050714/FLTH001LOGO http://photoarchive.ap.org/ DATASOURCE: BFC Financial Corporation CONTACT: Investor and Corporate Communications, Sharon Lyn, Vice President, , or Investor Relations, Leo Hinkley, Senior Vice President, , both of BFC Financial Corporation, +1-954-940-4994, or fax, +1-954-940-5320; or Robert Powers, NYSE Arca, +1-212-656-2930, or Web site: http://www.bfcfinancial.com/

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