FORT LAUDERDALE, Fla., Oct. 20 /PRNewswire-FirstCall/ -- BFC Financial Corporation ("BFC") (NYSE Arca: 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 San Diego, California. During the meeting, Mr. Bakes will give a corporate presentation on BFC to investors, followed by a question and answer session. The investor luncheon meeting will be held on Wednesday, October 25, 2006 from 1:00 p.m. to approximately 2:00 p.m. at The Westgate Hotel, which is located at 1022 Second Avenue, San Diego, California. To RSVP, please contact The Investor Connection at 1-888-977-9766 or BFC's investor relations department 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; 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 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 http://photoarchive.ap.org/ DATASOURCE: BFC Financial Corporation CONTACT: Investor and Corporate Communications: Sharon Lyn, Vice President, , or Investors: Leo Hinkley, Senior Vice President, , both of BFC Financial Corporation, +1-954-940-4994 Web site: http://www.bfcfinancial.com/

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