The St. Joe Company Provides Update on WindMark Beach Town Center and Timber Operations After Hurricane Michael

WATERSOUND, Fla.–(BUSINESS WIRE)–The St. Joe Company (“St. Joe”) (NYSE: JOE) today releases additional
information and photographs regarding the status of its WindMark Beach
Town Center and timberland properties, after the effects of Hurricane
Michael.


The WindMark Beach Town Center, located in Gulf County, sustained
minimal effects from the storm. The buildings in WindMark Beach Town
Center are in good condition and are open for business with power and
water restored to the community. Similar to its asset portfolio in
Walton and Bay Counties, St. Joe has experienced an increase in interest
as to the availability of leasable space within the Town Center for
businesses looking to relocate due to effects of the storm.

An initial assessment of St. Joe’s timber operations revealed an
approximate 3% loss of total timber assets, primarily located in eastern
Bay County and the Port St. Joe area. Approximately 234,000 tons of
timber were affected and will be salvaged or lost. The majority of St.
Joe’s other timberlands, have little to no damage.

“We are grateful our timberlands and the WindMark Beach Town Center
weathered the storm with minimal damage,” said Jorge Gonzalez, The St.
Joe Company President and Chief Executive Officer. Mr. Gonzalez added,
“With only a minor loss in our timber and minimal interruption in the
WindMark Beach Town Center, we can focus on the needs of others and
continue to be a resource in the community.”

Stay up to date with the latest information and photos by visiting www.joe.com.

St.
Joe
®

The St. Joe Company (“St. Joe”) (NYSE: JOE) is a Northwest Florida based
real estate development, asset management and operating company
established in 1936. The Company focuses on thoughtfully planned
destinations and thriving communities to Live, Work, Play, Shop, and
Vacation near the region’s beautiful white sand beaches such as
WaterColor, WaterSound Beach, WaterSound Origins, WaterColor Inn,
WaterSound Beach Club, VentureCrossings, Breakfast Point, Pier Park
North, WindMark Beach, Camp Creek Golf Club, Bay Point Marina, among
other distinct brand names. For more information, visit www.joe.com.

©The St Joe Company 2018. “St. Joe®”, “JOE®”,
the “Taking Flight” Design
®, “St. Joe (and
Taking Flight Design)
® are registered
service marks of The St. Joe Company or its affiliates.

Contacts

The St. Joe Company Investor Relations Contact:
Marek Bakun,
866-417-7132
Chief Financial Officer
marek.bakun@joe.com

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