Citizens Holding Company Board of Directors Approves Listing on Nasdaq National Market

  
    
  
  
    
      Citizens Holding Company (the “Company”) 
      (AMEX: CIZ), announced that its Board of Directors unanimously approved 
      on October 24, 2006 a resolution to withdraw the listing of the Company’s 
      common stock from the American Stock Exchange and to list the common 
      stock on the NASDAQ Global Market. The Board anticipates that the Company’s 
      common stock will begin trading on Thursday, November 16, 2006 under the 
      symbol CIZN. The Company’s common stock will 
      continue to trade on the American Stock Exchange until the close of 
      business on Wednesday, November 15, 2006.
    
    
      Greg L. McKee, President and Chief Executive Officer of Citizens Holding 
      Company said, “This decision was made as a 
      part of our ongoing efforts to maximize shareholder value and improve 
      our Company’s visibility to investors. We 
      believe that switching to the NASDAQ Global Market will allow us to 
      increase the liquidity of our stock and provide our investors with the 
      fastest execution times, lowest cost per trade and best prices.”
    
    
      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. Investor relations information 
      may be obtained at the corporate website, www.citizensholdingcompany.com.
    
    
      NOTE TO INVESTORS
    
    
      This news release contains forward-looking statements regarding Citizens 
      Holding Company. All forward-looking statements involve risk and 
      uncertainty and a number of factors could cause actual results to differ 
      materially from the anticipated results or other expectations expressed 
      in the forward-looking statements. Those factors include, but are not 
      limited to, interest rate fluctuations, regulatory changes, portfolio 
      performance and other factors discussed in our recent filings with the 
      Securities and Exchange Commission. We undertake no obligation to update 
      or revise forward-looking statements to reflect changed assumptions, the 
      occurrence of unanticipated events or changes to future operating 
      results over time.
    
  
Citizens Holding Company (the "Company") (AMEX: CIZ), announced
that its Board of Directors unanimously approved on October 24, 2006 a
resolution to withdraw the listing of the Company's common stock from
the American Stock Exchange and to list the common stock on the NASDAQ
Global Market. The Board anticipates that the Company's common stock
will begin trading on Thursday, November 16, 2006 under the symbol
CIZN. The Company's common stock will continue to trade on the
American Stock Exchange until the close of business on Wednesday,
November 15, 2006.

   Greg L. McKee, President and Chief Executive Officer of Citizens
Holding Company said, "This decision was made as a part of our ongoing
efforts to maximize shareholder value and improve our Company's
visibility to investors. We believe that switching to the NASDAQ
Global Market will allow us to increase the liquidity of our stock and
provide our investors with the fastest execution times, lowest cost
per trade and best prices."

   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. Investor relations information may be obtained at the
corporate website, www.citizensholdingcompany.com.

   NOTE TO INVESTORS

   This news release contains forward-looking statements regarding
Citizens Holding Company. All forward-looking statements involve risk
and uncertainty and a number of factors could cause actual results to
differ materially from the anticipated results or other expectations
expressed in the forward-looking statements. Those factors include,
but are not limited to, interest rate fluctuations, regulatory
changes, portfolio performance and other factors discussed in our
recent filings with the Securities and Exchange Commission. We
undertake no obligation to update or revise forward-looking statements
to reflect changed assumptions, the occurrence of unanticipated events
or changes to future operating results over time.