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June 24, 1999

Cedar Fair L.P. Announces Plans for Water Park at Knott's Berry Farm

Sandusky, OH -- Cedar Fair, L.P., a publicly traded partnership which owns and operates five amusement parks, has announced plans to build a multi-million-dollar water park for the 2000 season at Knott's Berry Farm in Buena Park, California. The Partnership also declared a regular quarterly cash distribution of $0.35 per unit, payable August 16, 1999, to holders of record July 6, 1999.

Richard L. Kinzel, president and chief executive officer, reported that Knott's Berry Farm will build Soak City U.S.A., a 13-acre themed water park to be located adjacent to Knott's Berry Farm's brick-by-brick replica of Independence Hall. Themed around 1950's Southern California beach towns, Soak City U.S.A. will feature 21 separate water rides and attractions, including 16 high-speed water slides, a wave pool, a lazy river and a children's activity area, as well as additional food and merchandise shops and a second- story sundeck available for public dining and catered events. A separate charge will be required for admission to the water park area, which will be operated during a May through September season.

"The addition of Soak City U.S.A. is the next step in creating a full- resort atmosphere at Knott's Berry Farm," said Kinzel. "Along with a full complement of blockbuster thrill rides and attractions in the theme park and the new Radisson Resort Hotel, Knott's will soon be able to offer its guests all of the elements of a multi-day vacation destination."

Kinzel concluded by explaining that additional capital expenditure plans for the 2000 season at Knott's Berry Farm and at the Partnership's other four parks are in the process of being finalized and will be announced at a later date.