FORT LAUDERDALE, Fla., Dec. 1 /PRNewswire-FirstCall/ -- BFC Financial Corporation ("BFC") (NYSE:BFF), the Florida-based holding company that invests in and acquires diverse operating businesses, today announced that its Managing Director, Phil Bakes, will present at Ryan Beck & Co.'s 2006 Financial Institutions Investor Conference: "Strategy to Implementation." The Investor conference will be held on Thursday, December 7, 2006 at the Waldorf Astoria, located at 301 Park Avenue, New York City. Mr. Bakes is scheduled to present from 8:40 a.m. to 9:10 a.m., at which time he will give a corporate presentation on BFC followed by a question and answer period. Mr. Bakes will also host a break-out session immediately following his presentation as well as a series of one-on-one meetings at the conference. Investors wishing to attend the conference should register by visiting Ryan Beck's website at http://www.ryanbeck.com/. WEBCAST: A live webcast of BFC's presentation will be made available and can be accessed at http://www.investorcalendar.com/CEPage.asp?ID=111455. To access the live presentation, simply type the above link into your web browser. A replay of the webcast will be available shortly following the presentation and will be accessible for about 12 months using the above link. The live webcast can also be accessed from BFC's website located at http://www.bfcfinancial.com/. A replay of the webcast will be archived on BFC's website shortly following the live presentation. PRESENTATION: The slide presentation discussed at the conference will be available on BFC's website and can be accessed by going to the Investor Relations section and clicking on the "presentations" button. Copies of the presentation can also be received via email, fax or postal service by contacting BFC's Investor Relations department at the address provided at the end of this release. For further information, please visit BFC's 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. About BFC Financial Corporation: BFC Financial Corporation (NYSE Arca: BFF) 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 Bank Atlantic Bancorp and its subsidiaries, BankAtlantic and Ryan Beck & Co.; Levitt Corporation, which includes its subsidiaries Levitt and Sons(TM) and Core Communities; Levitt Corporation's 31% ownership in Bluegreen Corporation; a minority interest in the renowned national restaurant chain, Benihana, Inc., and Cypress Creek Capital, a wholly-owned subsidiary. 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 http://www.newscom.com/cgi-bin/prnh/20050714/FLTH001LOGO DATASOURCE: BFC Financial Corporation CONTACT: Sharon Lyn, Vice President of Investor and Corporate Communications, , or Leo Hinkley, Senior Vice President of Investor Relations, , both of BFC Financial Corporation, +1-954-940-4994 Web site: http://www.bfcfinancial.com/ http://www.ryanbeck.com/ http://www.investorcalendar.com/CEPage.asp?ID=111455

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