Portfolio Update

RNS Number : 5811A

Canadian General Investments Ld

10 October 2009

NEWS RELEASE TRANSMITTED BY MARKETWIRE

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

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

LONDON STOCK EXCHANGE: CGI

October 5, 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 September 30, 2009 was $17.85, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of 29.7% and -8.4%, respectively. These compare with the 30.0% and 0.5% 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 September 30, 2009 was $14.68, resulting in year-to-date and 12-month market returns, with dividends reinvested, of 63.6% and

-6.5%, respectively.

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

Materials	26.9%
Energy	23.6%
Financials	17.9%
Industrials	7.6%
Information Technology	6.5%
Cash & Cash Equivalents	6.4%
Consumer Discretionary	4.2%
Consumer Staples	3.4%
Telecommunication Services	2.1%
Utilities	1.8%

The top ten investments which comprised 27.1% of the investment portfolio at market as of September 30, 2009 were as follows:

Canadian Cash	3.5%
Royal Bank of Canada	3.1%
Canadian Treasury Bills	2.9%
Labrador Iron Ore Royalty Income Fund	2.7%
BPO Properties Ltd.	2.6%
Bank of Montreal	2.6%
BMTC Group Inc.	2.6%
Pacific Rubiales Energy Corp.	2.4%
Franco-Nevada Corporation	2.4%
Petrobank Energy and Resources Ltd.	2.3%