Portfolio Update

RNS Number : 9124V

Canadian General Investments Ld

03 June 2008

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

June 3, 2008

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 May 31, 2008 was $30.56, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of -3.9% and -7.4%, respectively. These compare with the 7.5% and 7.4% 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 May 31, 2008 was $24.94, resulting in year-to-date and 12-month market returns, with dividends reinvested, of -11.4% and -7.1%, respectively.

The sector weightings of CGI's investment portfolio at market as of May 31, 2008 were as follows:

Energy	24.2%
Materials	21.4%
Financials	18.6%
Industrials	12.0%
Consumer Discretionary	6.9%
Information Technology	6.7%
Telecommunication Services	4.3%
Consumer Staples	3.0%
Utilities	1.6%
Health Care	0.8%
Cash & Cash Equivalents	0.5%

The top ten investments, which comprised 24.5% of the investment portfolio at market, excluding non-convertible preferred shares, as of May 31, 2008 were as follows:

Research In Motion Limited	5.1%
Labrador Iron Ore Royalty Income Fund	2.7%
Rogers Communications Inc.	2.6%
TSX Group Inc.	2.4%
Cameco Corporation	2.3%
Urbana Corporation	2.0%
BPO Properties Ltd.	1.9%
Enbridge Inc.	1.9%
Husky Energy Inc.	1.8%
Algoma Central Corporation	1.8%