The St. Joe Company to Host Conference Call to Review First Quarter 20

    Business Editors/Real Estate Writers

    JACKSONVILLE, Fla.--(BUSINESS WIRE)--April 20, 2005--The St. Joe Company (NYSE:JOE) announced today that it will host an interactive conference call to review the company's results for the quarter ended March 31, 2005 and discuss guidance for 2005.
    The conference call will be held this morning, Wednesday, April 20, 2005, at 10:00 AM Eastern Daylight Time. Peter S. Rummell, chairman and CEO, and Kevin M. Twomey, president, will discuss the company's performance and guidance and take questions.
    St. Joe released its 2005 first quarter results this morning prior to the opening of the New York Stock Exchange.
    If you wish to participate in the call, please phone 800-762-6067 (for domestic calls) or 480-629-9566 (for international calls) approximately ten minutes before the scheduled start time. You will be asked to identify yourself and your organization to the operator.
    Approximately three hours following the call, you may access a replay of the call by phoning 800-475-6701 (domestic) or 320-365-3844 (international) using access code 778035. Access to the replay will be available until April 27, 2005.
    The St. Joe Company will also webcast the conference call live over the Internet in a listen-only format via CCBN's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN's individual investor center at http://www.companyboardroom.com or by visiting any of the investor sites in CCBN's Individual Investor Network such as America Online's Personal Finance Channel, Fidelity Investments(R) (Fidelity.com) and others. Institutional investors can access the call via CCBN's password-protected event management site, StreetEvents http://www.streetevents.com. Investors can also participate in the webcast by visiting the company's web site at http://www.joe.com. Access will be available 15 minutes prior to the scheduled start time. A replay of the conference call will be posted to the St. Joe web site approximately three hours following the call. The replay will be available at the St. Joe and the CCBN web sites for seven days following the conference call.
    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 town, resort, commercial and industrial development, land sales and commercial real estate services. JOE also has significant interests in timber.
    More information about JOE can be found at our web site at http://www.joe.com.
    (C)Copyright 2005, The St. Joe Company. "St. Joe", "JOE" and the "taking flight" design are service marks of The St. Joe Company.

--30--CM/mi*

CONTACT: The St. Joe Company, Jacksonville Media Contact: Jerry M. Ray, 904-301-4430 jray@joe.com or Investor Contact: Steve Swartz, 904-301-4347 sswartz@joe.com

KEYWORD: FLORIDA INDUSTRY KEYWORD: REAL ESTATE BUILDING/CONSTRUCTION EARNINGS CONFERENCE CALLS SOURCE: The St. Joe Company

Copyright Business Wire 2005