Portfolio Update

RNS Number : 4776Y

Canadian General Investments Ld

07 July 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

July 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 June 30, 2008 was $29.70, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of -6.6% and -8.3%, respectively. These compare with the 6.0% and 6.7% 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 June 30, 2008 was $23.95, resulting in year-to-date and 12-month market returns, with dividends reinvested, of -15.0% and -10.4%, respectively.

The sector weightings of CGI's investment portfolio at market as of June 30, 2008 were as follows:

Energy	25.6%
Materials	22.0%
Financials	18.1%
Industrials	11.7%
Consumer Discretionary	6.4%
Information Technology	6.1%
Telecommunication Services	4.0%
Consumer Staples	3.0%
Utilities	1.6%
Health Care	0.8%
Cash & Cash Equivalents	0.7%

The top ten investments, which comprised 23.5% of the investment portfolio at market, excluding non-convertible preferred shares, as of June 30, 2008 were as follows:

Research In Motion Limited	4.5%
Labrador Iron Ore Royalty Income Fund	2.6%
Cameco Corporation	2.5%
Rogers Communications Inc.	2.4%
TSX Group Inc.	2.3%
Urbana Corporation	1.9%
Enbridge Inc.	1.9%
BPO Properties Ltd.	1.8%
Algoma Central Corporation	1.8%
Ritchie Bros. Auctioneers Incorporated	1.8%