St. Joe Company Enhances Connectivity

North Watersound Parkway Expansion Completed

THE ST. JOE COMPANY ANNOUNCES THE COMPLETION OF A NEW SEGMENT OF NORTH WATERSOUND PARKWAY IN THE WATERSOUND ORIGINS COMMUNITY

PANAMA CITY BEACH, FL — The St. Joe Company (NYSE: JOE) (“St. Joe”) announces the completion of a new segment of North Watersound Parkway in the Watersound Origins community. This project creates better traffic flow within the community and more convenient connectivity to Watersound Town Center. The new segment extends North Watersound Parkway from its previous terminus near the entrance to the community’s NatureWalk phase to the Stillwater phase where it intersects with Pathways Drive.

“The Watersound Origins community continues to grow and welcome new residents” said Bridget Precise, Senior Vice President of Residential Real Estate for St. Joe. “By extending North Watersound Parkway, we’ve created better circulation of traffic within the Watersound Origins community and easier access to US Highway 98 and the shopping, dining and services available at the growing Watersound Town Center.” For more information on the Watersound Origins community, click here.

About The St. Joe Company

The St. Joe Company is a real estate development, asset management and operating company with real estate assets and operations in Northwest Florida. The Company intends to use existing assets for residential, hospitality and commercial ventures. St. Joe has significant residential and commercial land-use entitlements. The Company actively seeks higher and better uses for its real estate assets through a range of development activities. More information about the Company can be found on its website at www.joe.com. On a regular basis, the Company releases a video showing progress on projects in development or under construction. See https://www.joe.com/video-gallery for more information