Dividend Declaration

Canadian General Investments Ld
15 August 2001


TSE SYMBOLS: CGI, CGI.PR.A, CGI.WT 
LONDON STOCK EXCHANGE: CGIq.L, CGIwsq.L

Canadian General Investments, Limited 
Declares Dividends on Common and Preference Shares

TORONTO, CANADA - Canadian General Investments, Limited has declared quarterly
dividends on its common and preference shares.

A regular quarterly cash dividend of $0.06 per share is payable on September 15,
2001 to common shareholders of record at the close of business on August 31,
2001.

A cash dividend of $0.3375 per share is payable on September 15, 2001 to
shareholders of the Corporation's 5.40% Cumulative Redeemable Class A Preference
Shares, Series 1 of record at the close of business on August 31, 2001.

FOR FURTHER INFORMATION PLEASE CONTACT:
Michael A. Smedley
President
Phone: [phone]
Fax:   [phone]

e-mail: [e-mail]
website: www.mmainvestments.com