Portfolio Update

RNS Number : 3950T

Canadian General Investments Ld

05 December 2011

NEWS RELEASE TRANSMITTED BY MARKETWIRE

FOR: CANADIAN GENERAL INVESTMENTS, LIMITED

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

LONDON STOCK EXCHANGE: CGI

December 5, 2011

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, 2011 was $21.23, resulting in year-to-date and 12-month NAV returns, with dividends reinvested, of -11.0% and -6.7%, respectively. These compare with the -7.1% and -3.3% 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, 2011 was $15.64, resulting in year-to-date and 12-month market returns, with dividends reinvested, of -17.6% and -10.0%, respectively.

The sector weightings of CGI's investment portfolio at market as of November 30, 2011 were as follows:

Energy	25.4%
Materials	22.1%
Financials	17.9%
Consumer Discretionary	9.0%
Information Technology	7.5%
Industrials	7.2%
Cash & Cash Equivalents	3.8%
Telecommunication Services	3.1%
Utilities	2.9%
Consumer Staples	0.8%
Health Care	0.7%

The top ten investments which comprised 33.0% of the investment portfolio at market as of November 30, 2011 were as follows:

Labrador Iron Ore Royalty Corporation	4.9%
BMTC Group Inc.	4.4%
Canadian Treasury Bills	3.4%
SXC Health Solutions Corp.	3.3%
Enbridge Inc.	3.3%
Brookfield Office Properties Canada	3.0%
Franco-Nevada Corporation	2.8%
Bank of Montreal	2.8%
Apple Inc.	2.6%
Pacific Rubiales Energy Corp.	2.5%