FORT LAUDERDALE, Fla., Nov. 3 /PRNewswire-FirstCall/ -- BFC Financial Corporation ("BFC") (NASDAQ:BFCF), 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 Los Angeles, California. 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 Tuesday, November 15, 2005 from 1:00 p.m. to approximately 2:00 p.m. at The Wilshire Grand located at 930 Wilshire Boulevard, Los Angeles, California. To RSVP, please contact The Investor Connection at 1-888-977-9766 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. About BFC Financial Corporation: BFC Financial Corporation (NASDAQ:BFCF) 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; and the restaurant and family dining business. BFC's current major holdings include BankAtlantic Bancorp (NYSE:BBX) and its subsidiaries, BankAtlantic and Ryan Beck & Co.; Levitt Corporation (NYSE:LEV), which includes its subsidiaries Levitt and Sons(TM) and Core Communities; Levitt Corporation's 31% ownership in Bluegreen Corporation (NYSE:BXG), as well as a minority interest in the renowned national restaurant chain, Benihana, Inc. (NASDAQ:BNHNA). 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. 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 Investor Relations, Leo Hinkley, Senior Vice President, , both of BFC Financial Corporation, +1-954-940-4994, or fax, +1-954-940-5320 Web site: http://www.bfcfinancial.com/

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