Six Flags Announces Insider Purchases

Financial Statement Certification

Press Release: Six Flags, Inc.
August 19, 2002
NEW YORK, NY -- Six Flags, Inc. (the "Company") (NYSE: PKS) announced Aug. 14 that Kieran E. Burke, Chairman and Chief Executive Officer, had purchased 148,754 shares of the Company's common stock pursuant to an exercise of employee stock options held by Mr. Burke.

Additionally, the Company announced that it had received indications from individual directors, officers and employees that they were purchasing in the open market approximately 80,000 shares in the aggregate. Finally, the Company announced that Mr. Burke and James F. Dannhauser, the Company's Chief Financial Officer, had provided to the Securities and Exchange Commission the certification of its Quarterly Report on Form 10-Q for the quarter ended June 30, 2002 required by Section 906 of the Sarbanes-Oxley Act of 2002.

Six Flags, Inc. is the world's largest regional theme park company, with thirty-eight parks in markets throughout North America and Europe. The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Although the Company 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. Important factors, including general economic conditions, consumer spending levels, adverse weather conditions, terrorist activities and other factors could cause actual results to differ materially from the Company's expectations.

This release and prior releases are available on the KCSA Public Relations Worldwide Web site at www.kcsa.com. You may register to receive Six Flags' future press releases or to download a complete Digital Investor Kit(TM) including press releases, regulatory filings and corporate materials by clicking on the "KCSA Interactive Platform" icon at www.kcsa.com.

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Contact: 

     Six Flags, Inc.
     Jim Dannhauser, 212/599-4693
           or
     KCSA
     Sarah Shepard / Elizabeth Mwangi
     212/896-1236 /  212/896-1242
     sshepard@kcsa.com / emwangi@kcsa.com