The St. Joe Company Reschedules Release of Fourth Quarter and Full Year 2010 Results

The St. Joe Company (NYSE: JOE) announced today that it has rescheduled the release of its results for the fourth quarter and full year 2010 that was previously scheduled for February 24, 2011. The Company will now release its results on March 1, 2011 in order to allow adequate time to finalize its Form 10-K.

St. Joe's earnings press release and supplemental information package will be posted on the Investor Relations section of the Company's website at

The Company will host a conference call on March 1, 2011 at 5:00 pm (EST) to discuss results of the fourth quarter and year ended December 31, 2010. To access the conference call, please phone 866-400-0018 (for domestic calls) or 913-981-5521 (for international calls) approximately ten minutes before the scheduled start time. You will be asked for a Confirmation Code, which is 4761490. St. Joe will also webcast the conference call on the Company's website.

On the afternoon of the call, you may access a replay of the call by phoning 888-203-1112 (for domestic calls) or 719-457-0820 (for international calls) using access code 4761490. Access to the replay will be available until 11:59 PM (EST) on March 5, 2011. A webcast archive of the conference call will be posted to the Company's website approximately 90 minutes following the call.

About St. Joe

The St. Joe Company, a publicly held company currently based in WaterSound, is one of Florida's largest real estate development companies and Northwest Florida's largest private landowner. St. Joe is primarily engaged in real estate development and sales, with significant interests in timber. More information about the Company can be found on its website at

Forward-Looking Statements

Statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about our beliefs, plans, goals, expectations and intentions. Forward-looking statements involve risk and uncertainty, and there can be no assurance that the results described in such statements will be realized. Such statements are based on our current expectations and we undertake no obligation to publicly update or reissue any forward-looking statements. Risk factors that may cause the actual results to differ are described in this press release and in various documents we have filed with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2009, and our Quarterly Reports on Form 10-Q.

(c) 2010, The St. Joe Company. "St. Joe" and the "Taking Flight" design are service marks of The St. Joe Company.


The St. Joe Company
David Childers, 904-301-4302
Joele Frank, Wilkinson Brimmer Katcher
Joele Frank / Andrew Siegel, 212-355-4449
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