Citizens Holding Company Increases Fourth Quarter Cash Dividend to $.17 per Share

Citizens Holding Company (AMEX: CIZ) announced
today that its Board of Directors declared a cash dividend of $0.17
per share payable December 30, 2005, to shareholders of record as of
December 15, 2005.
   "We are happy today to announce the declaration of a $0.17 per
share cash dividend for the fourth quarter of 2005, 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
will bring total dividends for the year of 2005 to $0.65 per share, an
increase of 8.3% over the $0.60 per share paid in 2004."
   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.