The current year increase was due
entirely to the first-quarter contribution of Castaway Bay, which opened in
November 2004.5 million in 2004, due primarily to the costs and expenses of Geauga
Lake, which was acquired in April 2004, and Castaway Bay. For the first quarter of
2004, a tax credit of $9. Paradeau to the Board of Directors
of its general partner, Cedar Fair Management, Inc. Paul; Worlds of Fun, located in Kansas City, Missouri;
and Michigan's Adventure near Muskegon, Michigan.

stricker themagiceye

P.
The Partnership will host a conference call with analysts at 2:00 p.com ).

Cedar Fair L.P. Limited Partners Re-Elect Two Directors

Cedar Fair also owns
and operates the Castaway Bay Indoor Waterpark Resort in Sandusky, Ohio.
(Photo: http://www.
Dorney Park is owned and operated by Cedar Fair , L.

dollywood cartland

P.
Riders will twist upside-down after exiting the station in what park officials
call the first-of-its-kind jojo roll. Riders will then climb up a 95-foot-
tall lift hill and plunge down a 105-foot drop at 53 m. After racing
through a rock-hewn canyon, riders experience an inclined dive loop, a zero-
gravity roll, two flat-spins with inversions, and Hydra's signature design
element , a tight cobra roll.

dreamworld dollywood

8 million in the first quarter of 2005, which had the impact of reducing
the net loss for last year's first quarter from $29.
"Although Knott's Berry Farm got off to a slow start due to poor weather, we
remain optimistic that we can generate revenue growth of 6-8% over last year 's
$542 million level, as well as full-year adjusted EBITDA in the $185-195
million range.
Some of the statements contained in this news release constitute forward-
looking statements.

45 $1.

animatronic morrisburg

Cedar Fair's other first quarter revenues have historically been minimal.4 million was recorded, compared to a tax credit of
$9.
Cedar Fair's seven 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; Geauga Lake + Wildwater Kingdom near Cleveland, Ohio; Valleyfair
near Minneapolis/St. 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.

dreamworld keansburg

5
million.m. Although the Partnership believes that the expectations reflected
in such forward-looking statements are reasonable, it can give no assurance
that such expectations will prove to have been correct.81 $1.

playland santuary

Excluding depreciation and other non-cash charges , total
operating costs and expenses for the period increased 13% to $47.39 per unit. ET, Friday, May 6,
2005, until midnight ET, Friday, May 20, 2005. In addition,
Adjusted EBITDA may not be comparable to similarly titled measures
of other companies.P.
HYDRA The Revenge is made up of 3,198 feet of tubular steel track and
weighs in at approximately 1,368,000 pounds.

HYDRA The Revenge is scheduled to open on May 7, 2005, Dorney Park's
opening day of the 2005 season.

santuary crivitz

9 million to $52.40 per unit, a year ago. ALLENTOWN, Pa.p.

dobwalls cartland

"
Kinzel also noted that the other attractions being added for the 2005
season, including a major new water attraction at Michigan's Adventure and a
luxury camping complex at Worlds of Fun, are expected to be ready for the peak
summer season., The myth becomes reality in 2005
with HYDRA The Revenge, the first and only floorless coaster in Pennsylvania. Dorney Park called upon scream-machine mavens
Bollinger + Mabillard of Monthey, Switzerland, to create this exclusively-
designed coaster.

teeming santuary

Commenting on the upcoming season, Kinzel said, "With our 2005 summer
season about to begin, we are confident that the $80 million in capital we
have invested in our parks, along with the continued momentum of Castaway Bay,
will position the Partnership for another successful year. 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.
(NYSE: FUN), a publicly traded partnership which owns and operates seven
amusement parks and five water parks, announced that its limited partners have
re -elected Darrel D.com

dollywood themagiceye

2 million from $47.
The Partnership noted that it filed a Form 8-K earlier today to restate
its provision for taxes in the interim periods of 2004 in order to properly
account for the tax attributes of its corporate subsidiaries. It will be
available for replay starting at approximately 4:00 p.46 $0.newscom.
"The addition of this exciting attraction is the perfect complement to our
collection of thrill rides and family entertainment," said Greg Scheid, vice
president and general manager of Dorney Park.

tweetsie playland

com . Open-air trains seat riders four
abreast in eight rows to accommodate 32 passengers per ride for an estimated
1,245 riders per hour. "After checking out the
innovative ride market, we decided that Dorney Park needed its own first-and-
only-for-Pennsylvania ride.

sunway tweetsie

Cedar Fair L.P. Announces 2005 First Quarter Results

"While the first quarter is not a meaningful part of our full-year
financial performance, we are pleased with the level of public interest in our
new attractions and accommodation facilities thus far," he continued. At that level, we should be positioned to achieve our goal of
continued growth in cash distributions to our unitholders in 2005," he
concluded.m. Cedar Fair also owns
and operates the Castaway Bay Indoor Waterpark Resort in Sandusky, Ohio.

Includes official sites and fan sites for theme and amusement parks.

waterslides dorney

Only Castaway
Bay and Knott's Berry Farm are open year-round, with Knott 's Berry Farm
operating at its lowest level of attendance in the first quarter of the year.8
million from $23. Paul; Worlds of Fun, located in Kansas City, Missouri;
and Michigan's Adventure near Muskegon , Michigan.38 $1., to terms expiring in
2008.
Before leaving the station, the floor will drop out from under the train.

crivitz tweetsie

website at http://www. Anderson and David L.

santuary dobwalls

com/cgi-bin/prnh/20050427 /PHW006)
Known as a floorless coaster because there is no floor, riders are
positioned above the track with their legs hanging freely and nothing above,
beneath, or to the sides of them.

dollywood feedings

There was no
effect on the provision for taxes or net income in the Partnership's 2004
annual financial statements; however, the impact on a quarterly basis was
material due the seasonality of its operations .9 million to $20. SANDUSKY, Ohio, Cedar Fair, L.h.

dobwalls crivitz

(NYSE: FUN), a publicly traded partnership which owns and operates seven
amusement parks and five water parks, today announced results for the first
quarter of 2005.8 million
from $42. These statements may involve risks and uncertainties that
could cause actual results to differ materially from those described in such
statements.

cedarfair.

pleasureland feedings

We also expect that the addition of the maXair thrill ride at
Cedar Point and the new Wildwater Kingdom water park at Geauga Lake, which is
scheduled to open in mid-June, will contribute to strong seasons at those
parks.
Eastern Time on Friday, May 6, 2005, which will be web cast live in "listen
only" mode via the Cedar Fair web site ( http://www.cedarfair. In order to access the replay
of the earnings call, please dial 877-519-4471 followed by the access code
#6029850 .

Cedar Fair, L.70

Cash distributions declared $0.

This press release and prior releases are available on the Cedar Fair,
L.P.

santuary tivoliland

After depreciation
and a $1. The Partnership believes
adjusted EBITDA is a meaningful measure of park-level operating
profitability. Adjusted EBITDA is not a measurement of operating
performance computed in accordance with generally accepted accounting
principles and is not intended to be a substitute for operating
income, net income or cash flow from operating activities as defined
under generally accepted accounting principles .

HYDRA The Revenge Roller Coaster Comes Alive at Dorney Park on May 7 2005

pleasureland stricker

Dick Kinzel, chairman , president and chief executive officer, explained
that virtually all of Cedar Fair's revenues from its seasonal amusement parks,
water parks, and other seasonal resort facilities are realized during a 130-
day operating period beginning in early May, with the major portion
concentrated in the peak vacation months of July and August.0 million non-cash charge for unit options, operating costs and
expenses increased $4.40) $1. Riders will experience the sensation of
floating in air .

crivitz sunway

2 million in 2004. Knott's Berry
Farm's new inverted coaster, Silver Bullet, and Dorney Park's new floorless
coaster, Hydra - The Revenge, are both receiving a tremendous response in
their markets , and the coasters are every bit as exciting to ride as we hoped
they would be. Important factors ,
including general economic conditions, competition for consumer spending,
adverse weather conditions , unanticipated construction delays, the absence of
historical operating experience for Geauga Lake , and other factors could
affect attendance at our parks and cause actual results to differ materially
from the Partnership's expectations.46) $(0.77

Balance Sheet Data:

Total assets $1,020,757 $850,007

Total long-term debt 536,261 435,632

Total partners' equity 323,035 266,866

(a) Adjusted EBITDA represents earnings before interest, taxes,
depreciation, and other non-cash items.
Cedar Fair's seven 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; Geauga Lake + Wildwater Kingdom near Cleveland, Ohio; Valleyfair
near Minneapolis/St.

waterslides dollywood

SANDUSKY, Ohio, Cedar Fair, L.
Operating results for the first quarter include normal off-season
operating, maintenance and administrative expenses at the Partnership's
seasonal amusement and water parks, and daily operations at Knott's Berry Farm
and Castaway Bay.
In the first quarter of 2005, the Partnership recognized a non-cash credit
of $459,000 for the change in fair value of two interest rate swap agreements
that expired during the period, compared with a credit of $863,000 in the same
period a year ago.46
per diluted limited partner unit, compared with a net loss of $20. Excluding the impact of Geauga Lake, the net
loss for the period would have been $20." In addition to Dorney Park, Cedar Fair owns
and operates six other amusement parks, five water parks and one indoor water
park resort.

crivitz playland

The strong performance of Castaway Bay helped offset a $2.3 million in 2004.0 million, or $0."
The eighth addition to Dorney Park's world-famous line-up of coasters,
HYDRA The Revenge is a thrill-machine like no other with a non -stop mix of
twists, rolls, spirals and breath-taking drops into rock-strewn ravines that
keeps its riders wondering what comes next. (NYSE: FUN), a
publicly traded partnership that is listed for trading on The New York Stock
Exchange under the symbol "FUN.

waterslides tivoliland

Net revenues for the quarter ended March 27, 2005, increased 7% to $24.0
million revenue shortfall at Knott's Berry Farm, which was the result of
losing approximately 100,000 guest visits during the period compared to 2004
due to record rainfall in Southern California. After this credit, and interest expense and provision for
taxes, the Partnership's net loss for the period was $24.6 million, or $0.5 million,
or $0.
SUMMARY STATEMENTS OF OPERATIONS
FIRST QUARTER
(unaudited)

Three Months Ended Twelve Months Ended
(In thousands except per unit) 3/27/05 3/28 /04 3/27/05 3/28/04
(As restated)

Net revenues $24,801 $23,210 $543,563 $511,687

Cash operating costs and
expenses 47,837 42,515 374,276 335,421

Adjusted EBITDA (a) (23,036) (19,305) 169,287 176,266

Depreciation and amortization 3,454 3,443 50,701 44,918

Non-cash unit option expense 955 1,337 4,116 5,959

Operating income (loss) (27,445) (24,085) 114,470 125,389

Interest expense 6,501 5,792 25,972 23,925

Other (income) (459) (863) (4,059) (3,775)

Income (loss ) before taxes (33,487) (29,014) 92,557 105,239

Provision (credit) for taxes (8,923) (8,479) 18,271 17,702

Net income (loss) $(24,564) $(20,535) $74,286 $87,537

Weighted average units
outstanding - diluted 53,487 50,679 53,968 51,569

Per limited partner unit:

Net income (loss) - diluted $(0.P.

This press release and prior press releases are available online
at http://www.cedarfair.
This $13 million monster coaster offers a one-of-a-kind experience with
several unique design features.