Portfolio Update

RNS Number : 4219Y

Canadian General Investments Ld

02 September 2009

NEWS RELEASE TRANSMITTED BY MARKETWIRE

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

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

LONDON STOCK EXCHANGE: CGI

September 2, 2009

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 August 31, 2009 was $16.89, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 22.3% and -34.3%, respectively. These compare with the 23.7% and -18.2% 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 August 31, 2009 was $13.35, resulting in year-to-date and 12-month market returns, with dividends reinvested, of 48.1% and -33.3%, respectively.

The sector weightings of CGI's investment portfolio at market as of August 31, 2009 were as follows:

Materials	24.1%
Energy	23.4%
Financials	18.0%
Cash & Cash Equivalents	8.5%
Industrials	8.4%
Information Technology	6.4%
Consumer Discretionary	4.6%
Consumer Staples	3.4%
Telecommunication Services	2.2%
Utilities	1.9%

The top ten investments which comprised 29.8% of the investment portfolio at market as of August 31, 2009 were as follows:

Canadian Treasury Bills	5.0%
Canadian Cash	3.5%
BMTC Group Inc.	3.1%
Royal Bank of Canada	3.1%
Labrador Iron Ore Royalty Income Fund	2.8%
Bank of Montreal	2.7%
Franco-Nevada Corporation	2.5%
BPO Properties Ltd.	2.4%
Pacific Rubiales Energy Corp.	2.4%
Ritchie Bros. Auctioneers Incorporated	2.3%