Cedar Fair retains Merrill Lynch & Co. to explore the sale of certain assets

Merrill Lynch to assist company in exploring sale of certain assets and other strategic alternatives.

Friday, 13 March 2009

Cedar Fair Press Release

SANDUSKY, OHIO, March 13, 2009 -- Cedar Fair Entertainment Company (NYSE: FUN), a leader in regional amusement resorts, water parks and active entertainment, today announced that it retained the services of Merrill Lynch & Co. to assist the company in exploring the sale of certain assets and other strategic alternatives.

Cedar Fair’s chairman, president and chief executive officer, Dick Kinzel, stated “We continue to be focused on our commitment to reducing debt.  Exploring the sale of certain assets is a proactive step towards strengthening our financial position over the long term.”

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 11 amusement parks, six outdoor water parks, one indoor water park and five hotels. Amusement parks in the company’s northern region include two in Ohio: Cedar Point, consistently voted “Best Amusement Park in the World” in Amusement Today polls and Kings Island; 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, which is managed under contract.