The St. Joe Company To Present At The Third Annual JMP Securities Research Conference; Live Audio Web Cast Will Be Available

Business Wire, March 2, 2004

Business Editors/Real Estate Writers

JMP Securities Research Conference

JACKSONVILLE, Fla.--(BUSINESS WIRE)--March 2, 2004

The St. Joe Company (NYSE:JOE) announced today that Peter S. Rummell, St. Joe chairman and CEO, will speak to the investment community at the Third Annual JMP Securities Research Conference in San Francisco, CA, to review St. Joe's progress and future opportunities. Mr. Rummell is scheduled to make his presentation on Tuesday, March 9, 2004, at 10:50 a.m. Pacific Time, 1:50 p.m. Eastern Time.

Interested investors may listen via live audio web cast at http://www.joe.com. The site is best viewed at a screen resolution of 800 x 600. Please visit the site at least 15 minutes in advance to register. A replay of the presentation will be available within 24 hours from the end of the presentation for seven days by accessing the above address. There is no charge to access the event.

The St. Joe Company, a publicly held company based in Jacksonville, is one of Florida's largest real estate operating companies. It is engaged in community, resort, commercial and industrial development, land sales and commercial real estate services. St. Joe also has significant interests in timber.

More information about St. Joe can be found online at http://www.joe.com.

Copyright 2004, The St. Joe Company. "St. Joe" and the "taking flight" logo are registered service marks of The St. Joe Company.