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January 18, 2001

Six Flags Announces Share Price for Public Offering

Oklahoma City, OK -- Six Flags, Inc. announced today that its public offering of 10,000,000 Preferred Income Equity Redeemable Shares (excluding 1,500,000 shares subject to the underwriters' over-allotment option) has been priced at $25.00 per share.

The shares accrue dividends at 7 1/4% per annum and are convertible into common stock at an initial rate of 1.1990 shares of common stock for each preferred share, representing a conversion premium of 20%.

Assuming no exercise of the underwriters' over-allotment option, and before deducting offering expenses, the total price to public is $250,000,000, the underwriting discount is $7,812,500 and proceeds to the Company is $242,187,500.

The lead manager of this offering is Lehman Brothers.

Six Flags, Inc. is the world's largest regional theme park company, currently with thirty-seven parks inmarkets throughout North America and Europe.