Final Results

Canadian General Investments Ld
10 February 2000



TSE SYMBOLS: CGI, CGI.PR.A, CGI.WT
LONDON STOCK EXCHANGE: CGlq.L, CGLwsq.L


Canadian General Investments - Strong Performance Continues

TORONTO, CANADA -- Strong appreciation in substantial technology related
holdings pushed net asset value of Canadian General Investments, Limited, a
major Canadian equities closed-end fund listed on the Toronto Stock Exchange, to
a 14.2% net asset increase at December 31, 1999, up from 0.8% as at September
30, or to $16.49 from $14.44 per share at the 1998 year-end. The fully diluted
net asset value per share at the end of 1999 was $15.20, compared to $13.58 last
year.

'We are still moving ahead', Michael Smedley, President and Chief Portfolio
Manager said today. Year to date CGI's NAV per share as of yesterday was up
11.8% at $18.43 versus 8.8% for the TSE 300 Composite Index. Total portfolio
assets are now over $400 million versus $362 million at the 1999 year end.

Close to 40% of the portfolio's industrial grouping at year-end was represented
by Nortel Networks Corporation, JDS Uniphase Canada Limited and BCE Emergis Inc.

The trading discount of the shares at the end of December was a relatively wide
24.2%, compared with 11.7% at the end of 1998. The discount averaged 19.4% for
the year.

CGI achieved an increase in net assets resulting from operations of $42,355,000,
primarily from a net gain on investments of $41,908,000,

Dividend payments for the year to common shareholders totalled $0.685 per share
resulting in a yield to shareholders of 5.5%. Included in this amount were
capital gains stock dividends valued at $0.30, and capital gains cash dividends
of $0.25. There were also two regular cash dividends totalling $0.135.

The Corporation has 3,762,345 warrants outstanding which are exercisable on June
30 of the years 2000 through 2007. In accordance with the warrant indenture, the
exercise price has been reduced from $8.78 to $8.42 as a result of cash
dividends paid in excess of net investment income in 1999.


                                           Financial Highlights for the
                                               Twelve months ended
                                                   December 31

                                               1999              1998

Increase (decrease) in net assets from
operations ($000s)                            42,355           (27,791)

Income (loss) from investment operations
per share                                      $2.25            $(1.46)

Net assets ($000s)                           310,127           271,568

Net asset value per share - basic             $16.49            $14.44

In the United Kingdom, copies of the Corporation's annual report will be made
available at the U.K. Transfer Agent, CIBC Mellon Trust Company, Balfour House,
390 High Road, Ilford, Essex, 1G1 1NQ. Phone [phone].


FOR FURTHER INFORMATION PLEASE CONTACT: 
Canadian General Investments, Limited
Michael A. Smedley, President 
Phone: [phone] 
Fax: [phone] 
e-mail: [e-mail] 
website: www.mma-investmgr.com