Dividend Declaration

Canadian General Investments Ld
04 February 2004



NEWS RELEASE TRANSMITTED BY CCN MATTHEWS

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX SYMBOLS: CGI, CGI.PR.A, CGI.PR.B, CGI.WT

LONDON STOCK EXCHANGE: CGIq.L, CGIwsq.L

FEBRUARY 4, 2004

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 March 15,
2004 to common shareholders of record at the close of business on February 27,
2004.

A cash dividend of $0.3375 per share is payable on March 15, 2004 to
shareholders of the Corporation's 5.40% Cumulative Redeemable Class A Preference
Shares, Series 1 of record at the close of business on February 27, 2004.

A cash dividend of $0.290625 per share is payable on March 15, 2004 to
shareholders of the Corporation's 5.40% Cumulative Redeemable Class A Preference
Shares, Series 2 of record at the close of business on February 27, 2004.


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



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