Dividend Declaration

Canadian General Investments Ld
2 March 2001



TSE SYMBOLS: CGI, CGI.PR.A, CGI.WT
LONDON STOCK EXCHANGE: CGIq.L, CGIwsq.L


February 8, 2001

Canadian General Investments Limited
Declares Dividends on Common and Preference Shares

TORONTO, CANADA - Canadian General Investments, Limited has declared quarterly
dividends on its common and preference shares.

A regular quarterly cash dividend of $0.60 per share is payable on March 15,
2001 to common shareholders of record at the close of business on February 28,
2001.

A cash dividend of $0.3375 per share is payable on March 15, 2001 to
shareholders of the Corporation's 5.40% Cumulative Redeemable Class A Preference
Shares, Series 1 of record at the close of business on February 28, 2001.

FOR FURTHER INFORMATION PLEASE CONTACT:

Michael A Smedley
President
Phone: [phone]
Fax:   [phone]
e-mail:  [e-mail]
website: www.mmainvestments.com