Portfolio Update

RNS Number : 2907X

Canadian General Investments Ld

02 December 2010

NEWS RELEASE TRANSMITTED BY MARKETWIRE

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

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

LONDON STOCK EXCHANGE: CGI

December 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 November 30, 2010 was $23.71, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 24.2% and 31.1%, respectively. These compare with the 13.0% and 16.3% 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 November 30, 2010 was $18.31, resulting in year-to-date and 12-month market returns, with dividends reinvested, of 17.0% and 29.4%, respectively.

The sector weightings of CGI's investment portfolio at market as of November 30, 2010 were as follows:

Materials	29.8%
Energy	27.7%
Financials	15.1%
Consumer Discretionary	9.9%
Information Technology	5.5%
Industrials	5.4%
Utilities	2.4%
Telecommunication Services	2.0%
Consumer Staples	1.4%
Transportation & Environment	0.6%
Health Care	0.4%

The top ten investments which comprised 30.3% of the investment portfolio at market as of November 30, 2010 were as follows:

BMTC Group Inc.	4.3%
Labrador Iron Ore Royalty Corp.	4.1%
Pacific Rubiales Energy Corp.	3.9%
Western Coal Corp.	2.9%
Bank of Montreal	2.8%
Brookfield Office Properties Canada	2.8%
Franco-Nevada Corporation	2.4%
Enbridge Inc.	2.4%
IMAX Corporation	2.4%
Royal Bank of Canada	2.3%