Cedar Fair, L.P. declares second quarter cash distribution

Monday, 23 June 2003

Cedar Fair, L.P. Press Release

SANDUSKY, OHIO, June 23, 2003 -- Cedar Fair, L.P. (NYSE: FUN), a publicly traded partnership which owns and operates six amusement parks and five water parks, has declared a regular quarterly cash distribution of $0.44 per unit, payable August 15, 2003, to holders of record July 3, 2003. This distribution continues the Partnership’s annualized distribution rate of $1.76 per unit.

Cedar Fair’s six amusement parks are Cedar Point, located on Lake Erie between Cleveland and Toledo; Knott’s Berry Farm near Los Angeles in Buena Park, California; Dorney Park & Wildwater Kingdom near Allentown, Pennsylvania; Valleyfair near Minneapolis/St. Paul; Worlds of Fun, located in Kansas City, Missouri; and Michigan’s Adventure near Muskegon, Michigan. The Partnership’s water parks are located near San Diego and in Palm Springs, California, and adjacent to Cedar Point, Knott’s Berry Farm and Worlds of Fun. Cedar Fair also operates Camp Snoopy at the Mall of America in Bloomington, Minnesota under a management contract.