Patriot Transportation Holding, Inc.

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PATRIOT TRANSPORTATION HOLDING, INC. ANNOUNCES ISH COPLEY WILL BE RETIRING AS PRESIDENT OF SUNBELT TRANSPORT, INC.

Jacksonville, Florida; September 30, 2002 - Patriot Transportation Holding, Inc. (NASDQ-PATR) announced today that Ish Copley will be retiring as President of SunBelt Transport, Inc., a wholly-owned subsidiary. SunBelt Transport, Inc. is engaged in the hauling by flatbed truck of primarily construction products throughout the eastern half of the United States. Mr. Copley retires after an extraordinarily distinguished career within the flatbed and truck load sectors of the nation's trucking industry. His expertise, good judgement and long experience will be missed within Patriot.

Mr. Copley's son, Rick Copley will become President of SunBelt Transport effective October 1, 2002. The younger Mr. Copley brings almost 30 years of flatbed trucking experience to his new responsibility. Rick Copley is a graduate of Jacksonville University.

Patriot Transportation Holding, Inc. is engaged in the transportation and real estate businesses. Its primary operating transportation subsidiaries are Florida Rock & Tank Lines, Inc., a Southeastern transportation company concentrating in the hauling by motor carrier of liquid and dry bulk commodities; SunBelt Transport, Inc., which serves the flatbed portion of the Southeastern trucking industry and Patriot Transportation, Inc. which concentrates on the third-party agent/owner-operator segment of the industry.

The Company's real estate subsidiaries own revenue-producing and investment properties and are engaged in real estate development and property management activities.

Investors are cautioned that statements in this press release which relate to the future are, by their nature, subject to risks and uncertainties that could cause actual results and events to differ materially from those indicated in such forward-looking statements. These include general business conditions, competitive factors, political, economic, regulatory, climatic, pricing, energy costs and technological contingencies. Additional information regarding these and other risk factors and uncertainties may be found in the Company's filings with the Securities and Exchange Commission.