The St. Joe Company to Present at the Raymond James Institutional Inve

    Business Editors
    Raymond James 26th Annual Institutional Investors Conference

    JACKSONVILLE, Fla.--(BUSINESS WIRE)--March 3, 2005--The St. Joe Company (NYSE:JOE) announced today that Peter S. Rummell, chairman and CEO, will speak to the investment community at the Raymond James & Associates 26th Annual Institutional Investors Conference to review St. Joe's progress and future opportunities. Mr. Rummell is scheduled to make his presentation on Tuesday, March 8, 2005, at 7:30 a.m. (EST).
    Interested investors may listen, via live audio web cast at http://www.joe.com. Access to the site will be permitted after a brief registration process. Listeners will need to register using the login 'event' and the password 'viewer'. The site is best viewed at a screen resolution of 1024 x 768. Please visit the site at least 15 minutes in advance to register. A replay of the presentation will be available 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 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.
    Copyright 2004, The St. Joe Company. "St. Joe" and the "taking flight" logo are registered 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 TRACK INDUSTRY KEYWORD: REAL ESTATE BUILDING/CONSTRUCTION TRADESHOW SOURCE: The St. Joe Company

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