Net Asset Value(s)

Canadian General Investments Ld
03 August 2007


NEWS RELEASE TRANSMITTED BY CCN MATTHEWS


FOR: CANADIAN GENERAL INVESTMENTS, LIMITED


TSX SYMBOLS: CGI, CGI.PR.A, CGI.PR.B, CGI.PR.C
LONDON STOCK EXCHANGE: CGI


August 3, 2007


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 July 31, 2007 was
$34.41, resulting in year-to-date and 12-month NAV returns, with dividends
reinvested, of 10.2% and 30.5%, respectively. A total of 269,599 warrants were
exercised on July 3, 2007, the final exercise date for the warrants. The
remaining warrants expired. CGI's returns compare with the 8.9% and 20.1%
returns of the benchmark S&P/TSX Composite Index on a total return basis for the
same periods.

The closing price for CGI's common shares at July 31 was $30.75, resulting in
year-to-date and 12-month market returns, with dividends reinvested, of 12.7%
and 32.5%, respectively.

The sector weightings of CGI's investment portfolio at market as of July 31,
2007 were as follows:

Financials                                                                24.8%
Materials                                                                 21.9%
Energy                                                                    21.9%
Industrials                                                               10.1%
Consumer Discretionary                                                     7.2%
Telecommunication Services                                                 4.6%
Information Technology                                                     4.3%
Consumer Staples                                                           2.6%
Utilities                                                                  1.5%
Health Care                                                                1.0%
Cash & Cash Equivalents                                                    0.1%


The top ten investments, which comprised 20.1% of the investment portfolio at
market, excluding non-convertible preferred shares, as of July 31, 2007 were as
follows:

Rogers Communications Inc.                                                 2.9%
Research In Motion Limited                                                 2.5%
Cameco Corporation                                                         2.2%
BPO Properties Ltd.                                                        2.1%
BMTC Group Inc.                                                            1.9%
TSX Group Inc.                                                             1.7%
HudBay Minerals Inc.                                                       1.7%
Algoma Central Corporation                                                 1.7%
Thompson Creek Metals Company Inc.                                         1.7%
Russel Metals Inc.                                                         1.7%


Note 1: CGI's investment in NYSE Euronext, Inc. through its holdings in Caldwell
New York Limited Partnership and Caldwell New York LP IV represented 2.5% of its
investment portfolio at July 31, 2007.

                                        -30-



FOR FURTHER INFORMATION PLEASE CONTACT:

Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
Phone: [phone]
Fax: [phone]
e-mail: [e-mail]
website: www.mmainvestments.com



                      This information is provided by RNS
            The company news service from the London Stock Exchange