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

JACKSONVILLE, Fla.-(Business Wire)-May 6, 2008 - The St. Joe Company (NYSE:JOE) announced today that it will host an interactive conference call to review the company's results for the first quarter ended March 31, 2008.

The conference call will be held this morning, Tuesday, May 6, 2008, at 10:30 am (EDT) to discuss the company's performance and take questions.

JOE will release its 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 888.600.4885 (for domestic calls) or 913.312.0385 (for international calls) approximately ten minutes before the scheduled start time. You will be asked for a Confirmation Code which is: 5754866.

Approximately three hours following 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 5754866. Access to the replay will be available until May 13, 2008.

JOE will also webcast the conference call live over the Internet in a listen-only format at the company's web site, www.joe.com. Additionally, both institutional and individual investors can listen to the webcast by visiting www.opencompany.info or one of its portal partners including www.institutionalinvestor.com, www.better-investing.org or at Yahoo! Finance. Access will be available 15 minutes prior to the scheduled start time. A webcast archive of the conference call will be posted to the JOE web site approximately 90 minutes following the call and will be available online at the JOE and investor web sites until May 13, 2008.

The St. Joe Company (NYSE:JOE), a publicly held company based in Jacksonville, is one of Florida's largest real estate development companies. We are primarily engaged in real estate development and sales, with significant interests in timber. Our mission is to create places that inspire people and make JOE's Florida an even better place to live, work and play. We're no ordinary JOE.

More information about JOE can be found at our web site at www.joe.com.

(C) 2008, The St. Joe Company. "St. Joe," "JOE" and the "Taking Flight" design are service marks of The St. Joe Company.

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