The St. Joe Company Announces Tender Offer to Purchase up to 16,666,666 Shares of Outstanding Common Stock at $18.00/Share

The St. Joe Company

announced that on August 24, 2015 it will commence a tender offer to purchase up to 16,666,666 shares of its outstanding common stock at a price of $18.00 per share. In connection with authorizing the tender offer, the Company's board of directors has increased the authority under the Company's stock repurchase program to $300 million (including previously unused authority of $93.6 million), substantially all of which would be used if the tender offer is fully subscribed. The tender offer will be made upon the terms and subject to the conditions described in the Company's Offer to Purchase to be dated August 24, 2015, and will expire at 5:00 P.M., New York City time, on