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

Friday, 26 September 2003

Cedar Fair, L.P. Press Release

SANDUSKY, OHIO, September 26, 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 limited partner unit, continuing the Partnership’s annualized distribution rate of $1.76 per unit.

“With good August results and a solid third quarter performance nearly complete, we now expect that our nine-month consolidated operating income will come in slightly ahead of last year,” said Dick Kinzel, chairman, president and chief executive officer. “On that basis, the Board of Directors determined that the Partnership’s cash flow is sufficient to maintain the annualized distribution rate of $1.76 per unit, which was already increased once this year in March. Based on our fourth quarter and full-year performance, the Board will consider the opportunity for a further increase in the distribution rate at its March 2004 meeting.”

The distribution, which is payable November 17, 2003 to holders of record October 3, 2003, represents the Partnership’s 66th consecutive quarterly cash distribution.

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.