Cedar Fair increases quarterly cash distribution rate

Monday, 12 March 2007

Cedar Fair Entertainment Company Press Release

SANDUSKY, OHIO, March 12, 2007 -- Cedar Fair Entertainment Company (NYSE: FUN), a leader in regional amusement resorts, water parks and active entertainment, today announced an increase in its regular quarterly cash distribution to $0.475 per limited partner unit. On an annualized basis, the Company’s distribution rate will increase from $1.88 (paid over the past four quarters) to $1.90 per unit.

The 20th consecutive year of distribution increases will begin with the distribution that will be declared in the second quarter of 2007. Cedar Fair has distributed approximately $1.2 billion, or $24.20 per limited partner unit to investors since it began trading in April of 1987.

Cedar Fair is a publicly traded partnership headquartered in Sandusky, Ohio, and one of the largest regional amusement-resort operators in the world. The Partnership owns and operates 12 amusement parks, five outdoor water parks, one indoor water park and six hotels. Amusement parks in the company’s northern region include three in Ohio: Cedar Point, consistently voted “Best Amusement Park in the World” in Amusement Today polls, Kings Island, and Geauga Lake & Wildwater Kingdom; as well as Canada’s Wonderland, near Toronto; Dorney Park, PA; Valleyfair, MN; and Michigan’s Adventure, MI. In the southern region are Kings Dominion, VA; Carowinds, NC; and Worlds of Fun, MO. Western parks in California include: Knott’s Berry Farm; Great America; and Gilroy Gardens Family Theme Park, which is managed under contract. Also included in that region is Star Trek: The Experience, a Las Vegas-based interactive adventure.