BFC Financial Corporation to Hold Investor Luncheon Meeting in Ottawa

    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 Ottawa, 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
Wednesday, August 22, 2007 from 12:00 Noon to approximately 1:00 p.m. at The
Rideau Club, located at 99 Bank Street, 15th floor, Ottawa, Ontario Canada.
    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:   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: Sharon Lyn, Vice President, Investor and 
Corporate Communications or Leo Hinkley, SVP, Investor Relations Officer, both
 of BFC Financial Corporation, +1-954-940-4994, fax: +1-954-940-5320 Web Site:

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