Dividend Declaration

Canadian General Investments Ld
12 August 2003


NEWS RELEASE TRANSMITTED BY CCN MATTHEWS

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

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

AUGUST 12, 2003

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,
2003 to common shareholders of record at the close of business on August 29,
2003.

A cash dividend of $0.3375 per share is payable on September 15, 2003 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 29, 2003.

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FOR FURTHER INFORMATION PLEASE CONTACT:
Michael A. Smedley
President
Phone: [phone]
Fax: [phone]
e-mail: [e-mail]
website: www.mmainvestments.com


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