Portfolio Update

RNS Number : 1023V

Canadian General Investments Ld

05 January 2012

NEWS RELEASE TRANSMITTED BY MARKETWIRE

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

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

LONDON STOCK EXCHANGE: CGI

January 5, 2012

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 December 31, 2011 was $20.44, resulting in a one-year NAV return, with dividends reinvested, of -11.7%. This compares with the -8.7% 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 December 31, 2011 was $16.00, resulting in an annual market return, with dividends reinvested, of -12.3%.

The sector weightings of CGI's investment portfolio at market as of December 31, 2011 were as follows:

Energy	26.0%
Materials	21.8%
Financials	19.5%
Consumer Discretionary	9.4%
Industrials	7.4%
Information Technology	7.4%
Telecommunication Services	3.4%
Utilities	2.9%
Consumer Staples	0.8%
Health Care	0.7%
Cash & Cash Equivalents	0.7%

The top ten investments which comprised 32.8% of the investment portfolio at market as of December 31, 2011 were as follows:

Labrador Iron Ore Royalty Corporation	5.1%
BMTC Group Inc.	4.2%
Enbridge Inc.	3.6%
SXC Health Solutions Corp.	3.3%
Brookfield Office Properties Canada	3.3%
Dollarama Inc.	2.8%
Apple Inc.	2.8%
Bank of Montreal	2.7%
Franco-Nevada Corporation	2.5%
Rogers Communications Inc.	2.5%