General American Investors Files Certified Shareholder Report for Period Ended June 30, 2008

Business Wire, August 4, 2008

NEW YORK -- General American Investors Company, Inc., a closed-end investment company listed on the New York Stock Exchange (GAM), filed with the U.S. Securities and Exchange Commission (SEC) its Certified Shareholder Report (Form N-CSR) for the six month period ended June 30, 2008. The Form N-CSR contains the Company's June 30, 2008 Semi-Annual Report and is available at the SEC's website: www.sec.gov and the Company's website: www.generalamericaninvestors.com. The Semi-Annual Report is expected to be mailed to stockholders shortly.

Financial Information

The Semi-Annual Report indicates that as of or for the six months ended:

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Securities Transactions and Positions

The Company reported that it made new commitments during the second quarter of 2008 in American Express, MetroPCS Communications, Teradata, and Boeing. In addition, it increased its holdings in Carpenter Technology, Cisco Systems, Dell, NetEase.com, and PepsiCo during the second quarter.

Positions in Alkermes, BearingPoint and Sprint Nextel were eliminated, while reductions were made in the holdings of Allstate, American International Group, Apache, AXIS Capital Holdings, Biogen Idec, Fidelity National Financial, Heineken, Hewitt Associates, Home Depot, Nelnet, Patterson-UTI Energy, THQ, Transatlantic Holdings, and Wachovia.

The largest stock holdings in the Company's portfolio at June 30, 2008 included: Weatherford International Ltd., Apache Corporation, CEMEX, S.A. de C.V., The TJX Companies, Inc., and Halliburton Company.