BFC Financial Corporation to Hold Investor Luncheon Meeting in Montreal

    FORT LAUDERDALE, Fla., Aug. 16 /CNW/ -- 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 . 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:  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
     Investor Relations:
     Leo Hinkley, SVP, Investor Relations Officer

     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

For further information:

For further information: 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:

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