FORT LAUDERDALE, Fla., Aug. 16 /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 host an investor luncheon meeting in Montreal, Canada. During the meeting, Mr. Bakes will give a presentation on BFC to investors, followed by a question and answer session. The investor luncheon meeting will be held on Thursday, August 23, 2007 from 12:00 Noon to approximately 1:00 p.m. at Ritz Carlton Hotel located at 1228 Sherbrooke Street West, Montreal, Quebec. To RSVP, please contact Vernon McCreary at 1-905-513-1880 or Investor Relations at BFC at 954-940-4994. The slide presentation discussed at the meeting will be available on BFC's website located at http://www.bfcfinancial.com/ . To access the slides, please go to the investor relations section and click 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 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. 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; 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 a controlling interest in BankAtlantic Bancorp and its subsidiary, BankAtlantic; BankAtlantic Bancorp's 16% ownership in Stifel Financial Corporation; a controlling interest in Levitt Corporation, which includes its subsidiaries Levitt and Sons(TM) and Core Communities; Levitt Corporation's 31% ownership interest in Bluegreen Corporation; a minority interest in the 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, SVP, Investor Relations Officer 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 DATASOURCE: BFC Financial Corporation CONTACT: Investor and Corporate Communications, Sharon Lyn, Vice President, , or Investor Relations, Leo Hinkley, SVP, Investor Relations Officer, , both of BFC; or +1-954-940-4994, or fax, +1-954-940-5320 Web site: http://www.bfcfinancial.com/

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