Bank of South Carolina Corporation Declares Dividend

December 21, 2008

CHARLESTON, SC – December 18, 2008 – The Board of Directors of Bank of South Carolina Corporation, (NASDAQ:BKSC) the parent Company for The Bank of South Carolina, declared a $.16 per share quarterly dividend payable January 30, 2009 to shareholders of record as of December 31, 2008. Hugh C. Lane, Jr., President and Chief Executive Officer of The Bank of South Carolina, stated, We at Bank of South Carolina Corporation are pleased to pay this 77th consecutive quarterly dividend to our shareholders as it represents the financial stability and strength of our Bank in today’s market.

The Bank of South Carolina, a De Novo Charter, which opened in 1987 at 256 Meeting Street, has offices in Summerville, Mt. Pleasant, and the West Ashley community. It is also available on its website at Bank of South Carolina Corporation currently trades its common stock on the NASDAQ stock market under the symbol BKSC. Market makers for the stock for Bank of South Carolina Corporation are: Alternate Display Facility, Archipelago Stock Exchange, Automated Trading Desk, Citadel Derivative Group, LLC, Citigroup Global Markets, Inc., Hill, Thompson, Magid and Company, Howe Barnes Investments, Hudson Securities, Inc., JJB Hilliard WL Lyons, Knight Equity Markets, LP, Merrill Lynch, Monroe Securities Inc., Morgan Keegan & Company, Inc., Nasdaq Execution Services, LLC, Sandler O’Neill & Partners, Scott & Stringfellow, Inc., Stern, Agee & Leach, Inc., Susquehanna Financial Group, LLLP, Susquehanna Financial Group and USB Securities, LLC.