Citizens Holding Company Declares Cash Dividend

Citizens Holding Company (AMEX: CIZ) announced today
that its Board of Directors declared a cash dividend of $0.17 per
share payable September 29, 2006, to shareholders of record as of
September 15, 2006.
   "The $0.17 per share dividend that we have declared for the third
quarter of 2006 is an increase of 6.3% over the $0.16 per share paid
in the third quarter of 2005," said Greg L. McKee, President and Chief
Executive Officer. "This dividend brings the total dividend in 2006 to
$0.51 per share, a 6.3% increase over the $0.48 per share paid in the
same period of 2005."

   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.