13D Filing: Fairholme (FAIRX) and St. Joe Co (JOE)

Page 6 of 9 – SEC Filing

 

Fairholme has the sole
power to vote or direct the vote of 0 Shares, the Fund has the sole power to vote or direct the vote of 0 Shares and Bruce R. Berkowitz
has the sole power to vote or direct the vote of 0 Shares to which this filing relates. Fairholme has the shared power to vote
or direct the vote of 24,210,302 Shares, the Fund has the shared power to vote or direct the vote of 23,636,502 Shares and Mr.
Berkowitz has the shared power to vote or direct the vote of 24,210,302 Shares to which this filing relates.

Fairholme has the sole
power to dispose or direct the disposition of 0 Shares, the Fund has the sole power to dispose or direct the disposition of 0 Shares
and Mr. Berkowitz has the sole power to dispose or direct the disposition of 0 Shares to which this filing relates. Fairholme has
the shared power to dispose or direct the disposition of 26,201,385 Shares, the Fund has the shared power to dispose or direct
the disposition of 23,636,502 Shares and Mr. Berkowitz has the shared power to dispose or direct the disposition of 26,201,385
Shares to which this filing relates.

The
Reporting Persons have not effected any transactions in the Shares during the 60 days prior to the date of this filing.

The Reporting Persons
specifically disclaim beneficial ownership in the Shares reported herein except to the extent of their pecuniary interest therein.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.

 No material changes from the Schedule
13D filed by the Reporting Persons on April 26, 2017.

Item 7. Material to be Filed as Exhibits.
Exhibit A Joint Filing Statement

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