Portfolio Update

RNS Number : 5072D

Canadian General Investments Ld

02 December 2009

NEWS RELEASE TRANSMITTED BY MARKETWIRE

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

TSX SYMBOLS: CGI, CGI.PR.B, CGI.PR.C

LONDON STOCK EXCHANGE: CGI

December 2, 2009

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 November 30, 2009 was $18.79, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 36.6% and 39.0%, respectively. These compare with the 31.2% and 27.8% 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 November 30, 2009 was $14.85, resulting in year-to-date and 12-month market returns, with dividends reinvested, of 65.5% and 59.7%, respectively.

The sector weightings of CGI's investment portfolio at market as of November 30, 2009 were as follows:

Materials	27.8%
Energy	23.5%
Financials	16.6%
Industrials	6.7%
Consumer Discretionary	6.3%
Cash & Cash Equivalents	6.3%
Information Technology	5.7%
Consumer Staples	3.3%
Telecommunication Services	2.1%
Utilities	1.9%

The top ten investments which comprised 28.3% of the investment portfolio at market as of November 30, 2009 were as follows:

BMTC Group Inc.	3.5%
Canadian Cash	3.5%
Royal Bank of Canada	2.9%
Canadian Treasury Bills	2.8%
Labrador Iron Ore Royalty Income Fund	2.8%
Pacific Rubiales Energy Corp.	2.7%
Franco-Nevada Corporation	2.6%
BPO Properties Ltd.	2.5%
Petrobank Energy and Resources Ltd.	2.5%
Bank of Montreal	2.5%