Citizens Holding Company Declares $.14 Per Share Dividend.

Business Editors

PHILADELPHIA, Miss.--(BUSINESS WIRE)--Nov. 27, 2002

Citizens Holding Company (AMEX:CIZ) announced today that its Board of Directors declared a cash dividend of $0.14 per share payable December 31, 2002, to shareholders of record as of December 16, 2002. The payment of this dividend brings the total cash dividends paid in 2002 to $0.52 per share.

"Once again we are pleased that our earnings through the first three quarters of 2002 have allowed us to continue to pay this level of dividend," said Steve Webb, Chairman and Chief Executive Officer. "With the payment of this dividend, we will have increased our cash dividends paid for the year 2002 more than 36% over the dividends paid for the year 2001."

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 nineteen full service banking locations in eight counties in East Central 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 American Stock Exchange and is traded under the symbol CIZ. The Company's transfer agent is American Stock Transfer & Trust Company.