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December 8, 1999

Cedar Fair Completes Purchase of California Water Park

Sandusky, OH -- Cedar Fair, L.P., a publicly traded partnership which owns and operates five amusement parks, today announced that it has completed the acquisition of White Water Canyon for a cash purchase price of approximately $11.6 million.

White Water Canyon, located near San Diego in Chula Vista, California, is a 33-acre water park that offers more than 20 separate water rides and attractions, including 16 water slides, a wave pool, a lazy river and a children's activity area, as well as food and merchandise shops. The acquisition also includes 32 acres of adjacent land, which is undeveloped and available for further expansion.

"White Water Canyon represents an excellent opportunity for us and will be an ideal addition to our current group of parks," said Richard L. Kinzel, president and chief executive officer of Cedar Fair.

Plans call for the park to be renamed Knott's Soak City U.S.A. and marketed in tandem with a new water park of the same name planned on land adjacent to Knott's Berry Farm in Buena Park, California. Cedar Fair also plans to retheme the park and add a new family raft ride in time for the 2000 season, with additional improvements to the property to be announced in future months.

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Cedar Fair Agrees To Purchase California Water Park October 20, 1999