Portfolio Update

RNS Number : 7643G

Canadian General Investments Ld

05 February 2010

NEWS RELEASE TRANSMITTED BY MARKETWIRE

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

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

LONDON STOCK EXCHANGE: CGI

February 2, 2010

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 January 31, 2010 was $18.35, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of -4.8% and 38.2%, respectively. These compare with the -5.3% and 31.7% 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 January 31, 2010 was $15.43, resulting in year-to-date and 12-month market returns, with dividends reinvested, of -2.5% and 62.3%, respectively.

The sector weightings of CGI's investment portfolio at market as of January 31, 2010 were as follows:

Materials	25.8%
Energy	24.6%
Financials	17.0%
Industrials	6.9%
Consumer Discretionary	6.9%
Information Technology	5.8%
Cash & Cash Equivalents	3.5%
Consumer Staples	3.4%
Telecommunication Services	2.3%
Utilities	2.0%

The top ten investments which comprised 28.4% of the investment portfolio at market as of January 31, 2010 were as follows:

BMTC Group Inc.	3.8%
Labrador Iron Ore Royalty Income Fund	3.4%
BPO Properties Ltd.	3.0%
Canadian Treasury Bills	2.8%
Royal Bank of Canada	2.7%
Petrobank Energy and Resources Ltd.	2.7%
Pacific Rubiales Energy Corp.	2.6%
Franco-Nevada Corporation	2.5%
Bank of Montreal	2.5%
Enbridge Inc.	2.4%