Toronto, Canada, July 11, 2005 - Canadian World Fund Limited (TSX:CWF) reports on an unaudited basis that its net asset value per share (NAV) at June 30, 2005 was $5.44, resulting in a year-to-date NAV return of -0.9%. This compares with the 0.4% return of the benchmark Morgan Stanley All-Country World Free Index, in Canadian dollar terms, for the same period. The year-to-date market return for CWF's common shares to May 31 was 3.8%.

For the 12 months ended June 30, 2005, CWF's NAV and market returns  were 8.6% and 18.6%, respectively. The benchmark posted -0.2% for the same period.

The geographic sector weightings of CWF's investment portfolio at market as of June 30, 2005 were as follows:

United Kingdom 26.0%
North America 36.4%
Asia 19.3%
Europe (excluding U.K.) 10.9%
Other 7.4%

The top ten investments which comprised 29.0% of the investment portfolio at
market, excluding cash, as of June 30, 2005 were as follows:

Stanley Gibbons Group Limited (United Kingdom) 4.8%
Oslo Bors Holding ASA (Norway) 3.7%
Apple Computer Inc. (United States) 3.5%
Sprint Corporation (United States) 3.2%
Google Inc. (United States) 2.4%
HDFC Bank Ltd. (India) 2.4%
Corin Group PLC (United Kingdom) 2.3%
Grupo Financiero Banorte S.A. de C.V. (Mexico) 2.3%
Pan-Ocean Energy Corporation Limited (Canada) 2.2%
Orco Property Group S.A. (Luxembourg) 2.2%

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