The St. Joe Company Postpones Filing of Annual Report on Form 10-K

The St. Joe Company (NYSE: JOE) today announced that it will file on March 2, 2011, a Notification of Late Filing on Form 12b-25 with the U.S. Securities and Exchange Commission pertaining to its Form 10-K for the year ended December 31, 2010.

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) 2011, 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 / Jed Repko, 212-355-4449
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