Six Flags Fixes Record Date For PIERS Dividend

Press Release: Six Flags, Inc.
July 15, 2002
NEW YORK, NY -- Six Flags, Inc. (NYSE: PKS and PKSPrB) announced July 11 it has fixed August 1, 2002 as the record date for payment of a dividend for the quarter ending August 15, 2002 to the holders of its Preferred Income Equity Redeemable Shares ("PIERS"), each such PIERS representing one one-hundredth of a share of the Company's 7 1/4 % Convertible Preferred Stock.

Payment of the dividend, which will be paid 100 % in cash, will be made on August 15, 2002. The dividend will aggregate $.453125 per PIERS.

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

This release and prior releases are available on the KCSA Public Relations Worldwide Web site at www.kcsa.com.

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Contact: 

     Six Flags, Inc.
     Jim Dannhauser, 212/599-4693
     or
     KCSA
     Sarah Shepard / Joseph A. Mansi
     212/896-1236 / 212/896-1205
     sshepard@kcsa.com / jmansi@kcsa.com