BFC Financial Corporation's Class A Common Stock Anticipated to Move to OTC Pink Sheets

  BFC Financial Corporation (NYSE: BFF)
announced today that, beginning with the opening of the market on Tuesday,
December 9, 2008, BFC's Class A Common Stock will move off of the NYSE Arca
and instead begin trading on the OTC Pink Sheets.  The transition to the
OTC Pink Sheets is due to the fact that BFC's Class A Common Stock has
remained below the NYSE Arca's continued listing requirements. Information
on the OTC Pink Sheets can be accessed via its internet website at
www.PinkSheets.com.

For further information, please visit our website at: www.BFCFinancial.com

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BFC Contact Info: Investor and Corporate Communications: Sharon Lyn Vice President Email: Email Contact Investor Relations: Leo Hinkley SVP, Investor Relations Officer Email: Email Contact Mailing Address and Telephone: BFC Financial Corporation Attn: Investor Relations 2100 West Cypress Creek Road Fort Lauderdale, FL 33309 Phone: [phone] Fax: [phone]