Citizens Holding Company (NASDAQ: CIZN) announced today that its Board of Directors declared a cash dividend of $0.20 per share payable December 31, 2008, to shareholders of record as of December 15, 2008.

I am proud today to announce an increase in our fourth quarter 2008 dividend to $0.20 per share, said Greg L. McKee, President and Chief Executive Officer. This dividend increase will bring the 2008 year to date dividend to $0.77, an increase of 5.5% over the $0.73 dividend paid year to date in 2007.

Citizens Holding Company is a one-bank holding company and the parent company of The Citizens Bank of Philadelphia, both headquartered in Philadelphia, Mississippi. The Bank has twenty-three full service banking locations in ten counties in East Central and South Mississippi. In addition to full service commercial banking, the Company offers mortgage loans, title insurance services through its subsidiary, Title Services, LLC and a full range of Internet banking services including online banking, bill pay and cash management services for businesses. Internet services are available at the Bank web site, www.thecitizensbankphila.com. Citizens Holding Company stock is listed on the NASDAQ Global Market and is traded under the symbol CIZN. The Company's transfer agent is American Stock Transfer & Trust Company. Investor relations information may be obtained at the corporate website, www.citizensholdingcompany.com.