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March 8, 2005

Cedar Fair Increases Quarterly Cash Distribution

Sandusky, OH -- Cedar Fair, L.P. (NYSE: FUN), a publicly traded partnership which owns and operates seven amusement parks and five water parks, today announced an increase in its regular quarterly cash distribution to $0.46 per limited partner unit. On an annualized basis, the Partnership's distribution rate will increase for the 18th consecutive year, from $1.80 (paid over the past four quarters) to $1.84 per unit.

This represents the 13th increase in the Partnership's distribution rate in the past 10 years, during which time the distribution rate has increased 64%. The next distribution, which is payable May 16, 2005, to holders of record April 5, 2005, represents the Partnership's 72nd consecutive quarterly cash distribution.

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