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

Thursday, 16 December 2004

Cedar Fair, L.P. Press Release

SANDUSKY, OHIO, December 16, 2004 -- Cedar Fair, L.P. (NYSE: FUN), a publicly traded partnership which owns and operates seven amusement parks and five water parks, today announced the declaration of a regular quarterly cash distribution of $0.45 per limited partner unit, continuing the Partnership’s annualized distribution rate of $1.80 per unit.

The distribution, which is payable February 15, 2005, to holders of record January 5, 2005, represents the Partnership’s 71st consecutive quarterly cash distribution.

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 owns and operates the Castaway Bay Indoor Waterpark Resort in Sandusky, Ohio, and operates Camp Snoopy at the Mall of America in Bloomington, Minnesota under a management contract.