PKS Six Flags

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.