Final Results

Canadian General Investments Ld
2 March 2001


NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS 
For: Canadian General Investments Limited

TSE Symbols: CGI, CGI.PR.A, CGI.WT
London Stock Exchange: CGIq,L, CGIwsq.L

February 8 2001

Canadian General Investments Limited
Cdn General Investments Reports 2000 operating results
  
TORONTO, CANADA - Despite the general negative effects of the downturn in the
influential technology sub-sector in Canadian equity markets, Canadian General
Investments, Limited (CGI) increased year-over-year net asset value by 1.0% to
$313,309,000 after payment of substantial dividends. Year-end net asset value
per share was a record $15.31, resulting in a 6.0% rate of return for fully
diluted net asset value per share with distributions reinvested.

Net realized gains of $33,785,000 during the year resulted in the declaration of
a special year-end dividend of $2.00 per share. Total dividends, both cash and
stock, paid to shareholders in 2000 were valued at $42,191,000 compared to
$12,638,000 in 1999.

In accordance with the warrant indenture, the warrant exercise price has been
reduced from $7.75 to $6.94 as a result of cash dividends paid in excess of net
income in 2000.

FINANCIAL HIGHLIGHTS

                                        For the twelve months ended December 31
                                           ($000, except per share amounts)

                                                     2000              1999     
Increase in net assets
from operations                              $       8,341       $    42,355

Net assets                                   $     313,309       $   310,127

Net asset value per share - basic            $       15.31       $     15.17  

Net asset value per share - fully diluted    $       14.06       $     13.98   

Income from investment operations per share  $        0.39       $      2.06

In the United Kingdom, copies of the Corporation's annual report will be made
available at the UK Transfer Agent, CIBC Mellon Trust Company, Balfour House,
390 High Road, Ilford, Essex, IGI 1NQ. Phone [phone].

For further information please contact:

Canadian general Investments Limited 
Michael A. Smedley
President
Phone: [phone]
Fax:   [phone]
e-mail:   [e-mail]
website:  www.mmaininvestments.com