Re Agreement

Canadian General Investments Ld
14 February 2006

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

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

FEBRUARY 14, 2006

TORONTO, CANADA - Canadian General Investments, Limited (the 'Corporation')
announced today that it has entered into an agreement with a syndicate of
investment dealers led by Scotia Capital Inc. pursuant to which the syndicate
has agreed to purchase 3,000,000 3.90% Cumulative Class A Preference Shares,
Series 3 of the Corporation for gross proceeds of $75,000,000. The net proceeds
of the offering, which is expected to close on March 3, 2006, will be used to
augment the investment portfolio of the Corporation.

These shares will not be registered under the U.S. Securities Act of 1933, as
amended (the 'Securities Act') and may not be offered or sold within the United
States or to, or for the account or benefit of, U.S. persons except in certain
transactions exempt from the registration requirements of the Securities Act.

FOR FURTHER INFORMATION PLEASE CONTACT:

Jonathan A. Morgan
President & CEO
Phone:[phone]
Fax: [phone]
e-mail: [e-mail]
website: www.mmainvestments.com

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S.




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