Citizens Holding Company Declares $0.15 Per Share Dividend.

Business Editors

PHILADELPHIA, Miss.--(BUSINESS WIRE)--Nov. 28, 2001

Citizens Holding Company (AMEX:CIZ) announced today that its Board of Directors declared a cash dividend of $0.15 per share payable December 28, 2001 to shareholders of record as of December 13, 2001. With this dividend, the Company will have paid dividends of $0.575 per share in 2001, representing a 35.3% increase over the $0.425 per share paid in 2000.

"Current year profits have allowed us to increase our dividend payout again this year," said Steve Webb, Chairman, President and Chief Executive Officer. "We remain committed to increasing our cash dividends to our shareholders as our profits allow."

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 sixteen full service banking locations in seven 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.