Reddy Ice (fka RDDYQ)

[Globaltrnr]

Reddy Ice Holdings, Inc. (NYSE: FRZ) ("Reddy Ice" or the "Company") today announced receipt of notice that the New York Stock Exchange ("NYSE") accepted the Company's plan for continued listing.

As a result, the Company's stock will continue to be listed on the NYSE, subject to quarterly reviews by the NYSE's Listing and Compliance Committee to ensure the Company's progress toward its plan to restore compliance with continued listing standards. On September 27, 2011, the Company announced that it was below continued listing criteria because its average global market capitalization over a consecutive 30 trading-day period and total stockholders' equity were each less than $50 million.

Despite the NYSE's acceptance of the Company's plan for continued listing, the Company remains at risk of non-compliance with other applicable NYSE continued listing requirements, including the NYSE's $1.00 average share price requirement. If the Company fails to comply with the average share price requirement, the Company will be required to achieve a $1.00 share price and a $1.00 average share price over a 30 day period within six months of the notification letter from the NYSE.

In addition, the Company is required to comply with the NYSE's minimum global market capitalization standard, which requires the Company to maintain an average global market capitalization of at least $15 million over a consecutive 30 trading-day period. Failure to maintain compliance with this requirement would result in the NYSE promptly initiating suspension and delisting procedures.