Portfolio Update

Canadian General Investments Ld
03 March 2006


NEWS RELEASE TRANSMITTED BY CCN MATTHEWS

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX SYMBOLS: CGI, CGI.PR.A, CGI.PR.B, CGI.PR.C, CGI.WT
LONDON STOCK EXCHANGE: CGI, CGIW


March 3, 2006


Canadian General Investments: Investment Update - Unaudited


TORONTO, CANADA - Canadian General Investments, Limited (CGI) reports on an
unaudited basis that its diluted net asset value per share (NAV) at February 28,
2006 was $27.13, resulting in a year-to-date NAV return, with dividends
reinvested, of 7.2%. This compares with the 3.9% return of the benchmark S&P/TSX
Composite Index on a total return basis for the same period.


The closing price for CGI's common shares at February 28 was $26.00, resulting
in a one-year market return with dividends reinvested of 59.7%. The benchmark
posted 23.1% for the same period.


The sector weightings of CGI's investment portfolio at market as of February 28,
2006 were as follows:

Financials                                                                29.4%
Energy                                                                    23.7%
Materials                                                                 15.4%
Industrials                                                                8.7%
Consumer Discretionary                                                     6.5%
Consumer Staples                                                           4.1%
Telecommunication Services                                                 3.6%
Information Technology                                                     3.5%
Preferred Shares                                                           2.1%
Other                                                                      3.0%


The top ten investments, which comprised 20.6% of the investment portfolio at
market, excluding cash and non-convertible preferred shares, as of February 28,
2006 were as follows:

Cameco Corporation                                                         3.3%
TSX Group Inc.                                                             2.7%
Rogers Communications Inc.                                                 2.4%
Falconbridge Limited                                                       2.2%
Home Capital Group Inc.                                                    1.8%
Russel Metals Inc.                                                         1.7%
BMTC Group Inc.                                                            1.7%
National Bank of Canada                                                    1.6%
First Capital Realty Inc.                                                  1.6%
Corby Distilleries Limited                                                 1.6%




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FOR FURTHER INFORMATION PLEASE CONTACT:
Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
Phone: [phone]
Fax: [phone]
e-mail: [e-mail]
website: www.mmainvestments.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange