Portfolio Update

Canadian General Investments Ld
07 September 2005


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: CGI, CGIW

September 6, 2005

Canadian General Investments: Investment Update - Unaudited

TORONTO, CANADA - Canadian General Investments, Limited (CGI) reports on an
unaudited basis that its diluted net asset value per share (NAV) at August 31,
2005 was $24.53, resulting in a year-to-date NAV return, with dividends
reinvested, of 19.4%. This compares with the 16.7% return of the benchmark S&P/
TSX Composite Total Return Index for the same period. The year-to-date market
return for CGI's common shares to August 31, with dividends reinvested, was
40.0%.

For the 12 months ended August 31, 2005, CGI's NAV and market returns were 48.2%
and 78.0%, respectively. The benchmark posted 29.7% for the same period.

The sector weightings of CGI's investment portfolio at market as of August 31,
2005 were as follows:

Energy                                                                    28.9%
Financials                                                                22.9%
Materials                                                                 11.9%
Consumer Discretionary                                                    10.1%
Industrials                                                                8.2%
Consumer Staples                                                           5.7%
Telecommunication Services                                                 3.3%
Preferred Shares                                                           3.1%
Utilities                                                                  2.4%
Other                                                                      3.5%

The top ten investments, which comprised 20.4% of the investment portfolio at
market, excluding cash and non-convertible preferred shares, as of August 31,
2005 were as follows:

Cameco Corporation                                                         3.1%
Rogers Communications Inc.                                                 2.9%
TSX Group Inc.                                                             2.2%
TELUS Corporation                                                          2.0%
Home Capital Group Inc.                                                    1.8%
Enbridge Inc.                                                              1.8%
Husky Energy Inc.                                                          1.7%
Western Oil Sands Inc.                                                     1.7%
Falconbridge Limited                                                       1.6%
National Bank of Canada                                                    1.6%




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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





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