Six Flags Fixes Record Date for PIERS Dividend

Six Flags, Inc. (NYSE: PKS) announced today it has fixed
May 1, 2006 as the record date for payment of a dividend for the
quarter ending May 15, 2006 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 May 15, 2006. The dividend will aggregate
$.453125 per PIERS.

   Six Flags, Inc. is the world's largest regional theme park
company.

   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.