Portfolio Update

RNS Number : 4377H

Canadian General Investments Ld

04 November 2008

NEWS RELEASE TRANSMITTED BY MARKETWIRE

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

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

LONDON STOCK EXCHANGE: CGI

November 4, 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 October 31, 2008 was $15.39, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of -51.5% and -55.3%, respectively. These compare with the -27.8% and -31.4% 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 October 31, 2008 was $11.45, resulting in year-to-date and 12-month market returns, with dividends reinvested, of -59.2% and -60.1%, respectively.

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

Energy	20.4%
Financials	18.0%
Materials	11.4%
Industrials	11.3%
Consumer Discretionary	10.5%
Cash & Cash Equivalents	10.3%
Telecommunication Services	7.3%
Consumer Staples	5.5%
Utilities	2.9%
Information Technology	2.5%
Health Care	0.1%

The top ten investments, which comprised 35.0% of the investment portfolio at market, excluding non-convertible preferred shares, as of October 31, 2008 were as follows:

Cash	10.3%
Rogers Communications Inc.	3.7%
Enbridge Inc.	3.3%
BMTC Group Inc.	2.9%
TransCanada Corporation	2.9%
Labrador Iron Ore Royalty Income Fund	2.9%
Ritchie Bros. Auctioneers Incorporated	2.6%
Research In Motion Limited	2.2%
Russel Metals Inc.	2.1%
Shaw Communications Inc.	2.1%