Portfolio Update

Canadian General Investments Ld
05 December 2007


NEWS RELEASE TRANSMITTED BY MARKETWIRE

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX SYMBOLS: CGI, CGI.PR.A, CGI.PR.B, CGI.PR.C

LONDON STOCK EXCHANGE: CGI


December 5, 2007


Canadian General Investments: Investment Update - Unaudited


TORONTO, CANADA - Canadian General Investments, Limited (CGI) reports on an
unaudited basis that its net asset value per share (NAV) at November 30, 2007
was $32.24, resulting in year-to-date and 12-month NAV returns, with dividends
reinvested, of 3.7% and 6.3%, respectively. CGI's returns compare with the 8.4%
and 10.0% returns of the benchmark S&P/TSX Composite Index on a total return
basis for the same periods.


The closing price for CGI's common shares at November 30 was $29.40, resulting
in year-to-date and 12-month market returns, with dividends reinvested, of 8.2%
and 15.2%, respectively.


The sector weightings of CGI's investment portfolio at market as of November 30,
2007 were as follows:

Financials                                                                22.4%
Materials                                                                 20.9%
Energy                                                                    20.0%
Industrials                                                               11.6%
Consumer Discretionary                                                     7.8%
Information Technology                                                     6.8%
Telecommunication Services                                                 3.7%
Consumer Staples                                                           2.7%
Utilities                                                                  1.6%
Cash & Cash Equivalent                                                     1.5%
Health Care                                                                1.0%


The top ten investments, which comprised 22.5% of the investment portfolio at
market, excluding non-convertible preferred shares, as of November 30, 2007 were
as follows:

Research In Motion Limited                                                 4.0%
Urbana Corporation                                                         2.8%
Rogers Communications Inc.                                                 2.4%
TSX Group Inc.                                                             2.3%
Cameco Corporation                                                         2.2%
BPO Properties Ltd.                                                        2.0%
Labrador Iron Ore Royalty Income Fund                                      1.9%
BMTC Group Inc.                                                            1.7%
Algoma Central Corporation                                                 1.6%
Canadian Western Bank                                                      1.6%






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FOR FURTHER INFORMATION PLEASE CONTACT:

Canadian General Investments, Limited

Jonathan A. Morgan

President and CEO

Phone: [phone]

Fax: [phone]

e-mail: [e-mail]

website: www.mmainvestments.com






                      This information is provided by RNS
            The company news service from the London Stock Exchange