Jacksonville, Florida – (February 13, 2007) – The St. Joe Company (NYSE:JOE) announced today that shareholders of record at the close of business on March 30, 2007, will be entitled to vote at the annual meeting of shareholders to be held on Tuesday, May 15, 2007, at 10:00 am (EDT) at the Company's headquarters located at 245 Riverside Avenue, Jacksonville, Florida 32202.

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.

© 2007, The St. Joe Company. "JOE," "St. Joe" and the "Taking Flight" design are service marks of The St. Joe Company.

St. Joe Media Contact:
Jerry M. Ray
904 301.4430
jray@joe.com

St. Joe Investor Contact:
Mike Daly
904.301.4302
mdaly@joe.com