NEWS RELEASE TRANSMITTED BY MARKETWIRE
FOR: THIRD CANADIAN GENERAL INVESTMENT TRUST LIMITED
TSX SYMBOL: THD

Third Canadian General Investment Trust Limited Reports June 30, 2011 Interim Results

TORONTO, CANADA – Third Canadian General Investment Trust Limited’s (Third Canadian) net asset value per share (NAV) returns, with dividends reinvested, for the three and six months ended June 30, 2011 were -7.8% and -4.9%, respectively. By comparison, the returns of the benchmark S&P/TSX Composite Index, on a total return basis, for the same periods were -5.1% and 0.2%. Third Canadian’s market return for shareholders was -2.2% for the second quarter and -2.1% for the six months.

Net asset value at June 30, 2011 was $202,152,000, a decrease of 5.2% from the 2010 year-end value of $213,314,000. This decrease can be largely attributed to the six-month market value return of -5.7% in its principal asset segment, consisting of its holdings in Canadian General Investments, Limited and Canadian World Fund Limited. The corresponding net asset values per share at June 30, 2011 and December 31, 2010 were $42.06 and $44.39, respectively.

During each of the first two quarters of both 2011 and 2010, Third Canadian paid regular dividends of $0.075 per share.

Subsequent to quarter end, the Company announced that it had entered into a definitive acquisition agreement providing for privatization of Third Canadian with a shareholder meeting scheduled for September 30, 2011. Please see press release dated July 29, 2011 for further details.

Third Canadian, established in 1928, is the second oldest North American listed closed-end fund. The Company’s non-principal assets consist of a diverse range of Canadian and foreign securities.

FINANCIAL HIGHLIGHTS
(in thousands of dollars, except per share amounts)

(1) The Company calculates the net asset value and net asset value per share on the basis of the valuation principles set out in its annual information form. These valuation principles differ from the requirements of Canadian generally accepted accounting principles (GAAP), with the main difference relating to securities that are listed on a public stock exchange. While the Company generally values such securities based on the latest sale price, GAAP requires the use of the closing bid price. Accordingly, bid prices are used in determining net assets and net assets per share for purposes of the interim and annual financial statements.

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FOR FURTHER INFORMATION PLEASE CONTACT:
Third Canadian General Investment Trust Limited
Jonathan A. Morgan
President & CEO
Phone: (416) 366-2931
Fax: (416) 366-2729
e-mail: thdfund@mmainvestments.com
website: www.mmainvestments.com