Pacific Ethanol Regains Compliance With NASDAQ Listing Requirements

Pacific Ethanol, Inc. (Nasdaq: PEIX) announced that it received a letter from The NASDAQ Stock Market on November 29, 2011, which contained a NASDAQ compliance determination that the Company has regained compliance with NASDAQ Listing Rule 5550(a)(2), which requires that listed securities maintain a minimum closing bid price of $1.00 per share.

As previously announced, the Company received a letter from NASDAQ notifying the Company that it did not comply with the $1.00 minimum closing bid price requirement for continued listing under the NASDAQ Listing Rules. The Company was provided an initial period of 180 calendar days, or until March 12, 2012, during which to regain compliance.