Cedar Fair, L.P. limited partners approve plan to permit unitholder voting for directors

SANDUSKY, OHIO, June 8, 2004 -- Cedar Fair, L.P. (NYSE: FUN), a publicly traded partnership which owns and operates seven amusement parks and five water parks, announced that its limited partners have approved a plan to allow unitholders to vote for directors.

Under the approved plan, the Partnership’s general partner entity will be replaced and unitholders have elected the members of a staggered Board of Directors of a new general partner, Cedar Fair Management, Inc. In addition, unitholders granted the new general partner the authority to implement a unitholders’ rights plan, which allows the Board of Directors to resist a change or potential change in control of the Partnership if they deem that it is not in the best interest of all unitholders.

Cedar Fair reported that unitholders elected the following individuals to the Board of Directors: Richard Ferreira, Richard Kinzel and Thomas Tracy to terms expiring in 2007; Michael Kwiatkowski and Steven Tishman to terms expiring in 2006; and Darrel Anderson and David Paradeau to terms expiring in 2005.

Cedar Fair’s seven 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; Geauga Lake near Cleveland, Ohio; 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.