Canadian General Investments

Investment Update-Unaudited

TORONTO, CANADA--(Marketwired - Jan. 6, 2015) - Canadian General Investments, Limited (CGI) (TSX:CGI)(TSX:CGI.PR.C)(TSX:CGI.PR.D)(LSE:CGI) reports on an unaudited basis that its net asset value per share (NAV) at December 31, 2014 was $27.06, resulting in a one-year NAV return, with dividends reinvested, of 8.5%. This compares with the 10.6% return of the benchmark S&P/TSX Composite Index on a total return basis for the same period.

The closing price for CGI's common shares at December 31, 2014 was $20.05, resulting in an annual share price return, with dividends reinvested, of 13.3%.

The sector weightings of CGI's investment portfolio at market as of December 31, 2014 were as follows:

Financials	23.5%
Consumer Discretionary	16.7%
Energy	16.7%
Industrials	16.4%
Materials	11.1%
Information Technology	7.0%
Telecommunication Services	3.3%
Consumer Staples	1.6%
Cash & Cash Equivalents	1.6%
Utilities	1.1%
Health Care	1.0%

The top ten investments which comprised 34.4% of the investment portfolio at market as of December 31, 2014 were as follows:

Dollarama Inc.	6.1%
Enbridge Inc.	4.2%
Canadian Pacific Railway Limited	4.1%
Bank of Montreal	3.2%
West Fraser Timber Co. Ltd.	3.1%
Air Canada	2.8%
Element Financial Corporation	2.8%
Royal Bank of Canada	2.8%
Open Text Corporation	2.7%
Yahoo! Inc.	2.6%

Canadian General Investments, Limited
Jonathan A. Morgan
President and CEO
[phone]
[phone] (FAX)
[e-mail]
www.canadiangeneralinvestments.ca