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The St. Joe Company Provides Update on Its Website Regarding Its Response to Deepwater Horizon Incident

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  Published in Business and Finance on Wednesday, June 9th 2010 at 3:41 GMT by Market Wire
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JACKSONVILLE, Fla.--([ BUSINESS WIRE ])--The St. Joe Company (NYSE: JOE) today provided an update on its website, [ www.joe.com ], regarding its ongoing preparedness and response plan to the Deepwater Horizon Incident in the Gulf of Mexico. Investors and other interested parties should refer to the Companya™s website from time to time for periodic updates.

"Although we have not yet seen any direct impact from the oil spill on our beaches, we have taken specific measures which we believe will put us in the position to quickly assess and address any potential damages"

aAlthough we have not yet seen any direct impact from the oil spill on our beaches, we have taken specific measures which we believe will put us in the position to quickly assess and address any potential damages,a said Britt Greene, President and Chief Executive Officer of St. Joe.

More information can be found at [ www.joe.com ].

About St. Joe

The St. Joe Company (NYSE: JOE), a publicly held company currently based in Jacksonville, is one of Florida's largest real estate development companies and Northwest Florida's largest private landowner. St. Joe is primarily engaged in real estate development and sales, with significant interests in timber. More information about the Company can be found on its website at [ www.joe.com ].

Forward-Looking Statements

Statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about our beliefs, plans, goals, expectations and intentions. Forward-looking statements involve risk and uncertainty, and there can be no assurance that the results described in such statements will be realized. Such statements are based on our current expectations and we undertake no obligation to publicly update or reissue any forward-looking statements. Risk factors that may cause the actual results to differ are described in this press release and in various documents we have filed with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2009, and our Quarterly Reports on Form 10-Q.

© 2010, The St. Joe Company. aSt. Joe,a and the

"Taking Flight" design are service marks of The St. Joe Company.