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Templeton Releases Closed-End Funds' Portfolio Allocation Updates

FORT LAUDERDALE, FL -- (Marketwired) -- 09/22/16 -- The Templeton closed-end Funds referenced below, which trade on the New York Stock Exchange, today released portfolio allocation updates containing the following information as of August 31, 2016:

  • Asset Allocation
  • Ten Largest Positions/Portfolio Characteristics
  • International Allocation/Net Currency Distribution
  • Industry Allocation/Country Distribution

To obtain a copy of the updates, please contact Fund Information at 1-800-342-5236.

Templeton closed-end Funds:

  • Templeton Emerging Markets Fund (NYSE: EMF)
  • Templeton Emerging Markets Income Fund (NYSE: TEI)
  • Templeton Global Income Fund (NYSE: GIM)

The Funds' investment managers are subsidiaries of Franklin Resources, Inc. (NYSE: BEN), a global investment management organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management to retail, institutional and sovereign wealth clients in over 180 countries. Through specialized teams, the company has expertise across all asset classes -- including equity, fixed income, alternative and custom solutions. The company's more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in 35 countries, the California-based company has more than 65 years of investment experience and over $740 billion in assets under management as of August 31, 2016. For more information, please visit franklintempleton.com.

This press release contains statistical data regarding the Funds' portfolios. The Funds' complete portfolio holdings are publicly available on a quarterly basis on Form N-Q, as well as in the Funds' Annual and Semi-Annual Reports to Shareholders filed with the U.S. Securities and Exchange Commission. These documents may be found at sec.gov. For portfolio management discussions, including information regarding the Funds' investment strategies, please view the most recent Annual or Semi-Annual Report to Shareholders which can be found at franklintempleton.com or sec.gov.


                       TEMPLETON EMERGING MARKETS FUND
                            AS OF AUGUST 31, 2016
                       TOTAL NET ASSETS: $250,641,682
                      NET ASSET VALUE PER SHARE: $13.92
                       OUTSTANDING SHARES: 18,009,460

                      PERCENT OF                                  PERCENT OF
                       TOTAL NET                                   TOTAL NET
ASSET ALLOCATION        ASSETS    TEN LARGEST POSITIONS             ASSETS
--------------------------------  ------------------------------------------
CASH & OTHER                      BRILLIANCE CHINA AUTOMOTIVE
                            4.6%  HOLDINGS LTD                          6.1%
EQUITY*                    95.4%  SAMSUNG ELECTRONICS CO LTD            5.8%
                      ----------
                                  TAIWAN SEMICONDUCTOR
                          100.0%  MANUFACTURING CO LTD                  5.3%
                                  UNILEVER PLC                          4.3%
                                  NASPERS LTD                           3.8%
                                  LUKOIL PJSC                           3.4%
                                  COMPANIA DE MINAS BUENAVENTURA
                                  SA                                    3.4%
                                  ITAU UNIBANCO HOLDING SA              3.0%
                                  ASTRA INTERNATIONAL TBK PT            3.0%
                                  HYUNDAI DEVELOPMENT CO-
                                  ENGINEERING & CONSTRUCTION            2.1%
                                                                  ----------
                                                                       40.2%


                      PERCENT OF                                  PERCENT OF
INTERNATIONAL          PORTFOLIO                                   PORTFOLIO
ALLOCATION            NET ASSETS  INDUSTRY ALLOCATION             NET ASSETS
--------------------------------  ------------------------------------------
ASIA                       64.4%  CONSUMER DISCRETIONARY               22.2%
--------------------------------  ------------------------------------------
  CAMBODIA                  0.2%    AUTOMOBILES & COMPONENTS           12.2%
  CHINA                    15.7%    CONSUMER DURABLES & APPAREL         1.6%
  HONG KONG                 3.5%    CONSUMER SERVICES                   0.7%
  INDIA                     7.4%    MEDIA                               5.1%
  INDONESIA                 5.1%    RETAILING                           2.6%
                                  ------------------------------------------
  PAKISTAN                  1.6%  CONSUMER STAPLES                      9.7%
                                  ------------------------------------------
  SOUTH KOREA              15.1%    FOOD & STAPLES RETAILING            2.4%
  TAIWAN                    9.2%    FOOD, BEVERAGE & TOBACCO            2.8%
  THAILAND                  6.5%    HOUSEHOLD & PERSONAL PRODUCTS       4.5%
--------------------------------  ------------------------------------------
EUROPE                     15.0%  ENERGY                               11.6%
--------------------------------  ------------------------------------------
  HUNGARY                   1.0%  FINANCIALS                           16.8%
                                  ------------------------------------------
  RUSSIA                    8.6%    BANKS                              15.9%
  TURKEY                    0.8%    DIVERSIED FINANCIALS                0.9%
                                  ------------------------------------------
  UNITED KINGDOM            4.5%  HEALTH CARE                           1.3%
--------------------------------  ------------------------------------------
LATIN AMERICA                       PHARMACEUTICALS, BIOTECHNOLOGY
                           13.3%    & LIFE SCIENCES                     1.3%
--------------------------------  ------------------------------------------
  ARGENTINA                 0.3%  INDUSTRIALS                           4.0%
                                  ------------------------------------------
  BRAZIL                    9.2%    CAPITAL GOODS                       3.6%
  MEXICO                    0.2%    TRANSPORTATION                      0.4%
                                  ------------------------------------------
  PERU                      3.5%  INFORMATION TECHNOLOGY               26.6%
--------------------------------  ------------------------------------------
MID-EAST/AFRICA                     SEMICONDUCTORS & SEMICONDUCTOR
                            6.6%    EQUIPMENT                           7.2%
--------------------------------
  JORDAN                    0.2%    SOFTWARE & SERVICES                 8.7%
  KENYA                             TECHNOLOGY HARDWARE &
                            0.3%    EQUIPMENT                          10.6%
                                  ------------------------------------------
  SAUDIA ARABIA             1.2%  MATERIALS                             7.0%
                                  ------------------------------------------
  SOUTH AFRICA              4.9%  REAL ESTATE                           0.4%
--------------------------------  ------------------------------------------
NORTH AMERICA               0.7%  TELECOMMUNICATION SERVICES            0.4%
--------------------------------  ------------------------------------------
  UNITED STATES             0.7%  TOTAL EQUITY*                       100.0%
--------------------------------  ------------------------------------------
TOTAL EQUITY*             100.0%
--------------------------------


You may request a copy of the Fund's current Report to Shareholders by contacting Franklin Templeton's Fund Information Department at 1-800/DIAL BEN® (1-800-342-5236) or by visiting franklintempleton.com. All investments involve risks, including possible loss of principal. Special risks are associated with foreign investing, including currency volatility, economic instability, and social and political developments of countries where the Fund invests. Emerging markets are subject to all of the risks of foreign investing generally and involve heightened risks due to these markets' smaller size and lesser liquidity, and lack of established legal, political, business and social frameworks to support securities markets. Some of these heightened risks may include political and social uncertainty (for example, regional conflicts and risk of war); pervasiveness of corruption and crime in these countries' economic systems; delays in settling portfolio securities transactions; risk of loss arising out of the system of share registration and custody used in these countries; greater sensitivity to interest rate changes; currency and capital controls; currency exchange rate volatility; and inflation, deflation or currency devaluation. The Fund may invest a portion of its assets in Russian securities. The U.S. and other nations have imposed and could impose additional sanctions on certain issuers in Russia due to regional conflicts. These sanctions could result in the devaluation of Russia's currency, a downgrade in Russian issuers' credit ratings, or a decline in the value and liquidity of Russian stocks or other securities. The Fund may be prohibited from investing in securities issued by companies subject to such sanctions. In addition, if the Fund holds the securities of an issuer that is subject to such sanctions, an immediate freeze of that issuer's securities could result, impairing the ability of the Fund to buy, sell, receive or deliver those securities. There is also the risk that countermeasures could be taken by Russia's government, which could involve the seizure of the Fund's assets. Such sanctions could adversely affect Russia's economy, possibly forcing the economy into a recession. These risks could affect the value of the Fund's portfolio. The Fund is actively managed and investment allocations can be expected to change, but there is no guarantee that the manager's investment decisions will produce the desired results. The industry allocation uses MSCI's industry definitions for the convenience of comparison. The information provided is as of the date shown and comes from sources considered reliable, but the Fund makes no representation or warranty as to its completeness or accuracy.
* Equity includes convertible and preferred securities.


                   TEMPLETON EMERGING MARKETS INCOME FUND
                            AS OF AUGUST 31, 2016
                       TOTAL NET ASSETS: $581,158,444
                      NET ASSET VALUE PER SHARE: $12.11
                       OUTSTANDING SHARES: 47,998,418

                       PERCENT OF
                        TOTAL NET
ASSET ALLOCATION         ASSETS    PORTFOLIO CHARACTERISTICS
---------------------------------  -----------------------------------------
CASH & CASH EQUIVALENTS     20.5%  WEIGHTED AVG. MATURITY        6.1455 yrs.
DERIVATIVES                 -3.6%  WEIGHTED AVG. DURATION        1.2886 yrs.
FIXED INCOME                83.1%
                       ----------
                           100.0%


                       PERCENT OF                                 PERCENT OF
NET CURRENCY            TOTAL NET                                 TOTAL NET
DISTRIBUTION*            ASSETS    COUNTRY DISTRIBUTION             ASSETS
---------------------------------  -----------------------------------------
ASIA                        -0.1%  ASIA                                10.2%
---------------------------------  -----------------------------------------
  INDIAN RUPEE               1.2%    INDIA                              1.2%
  INDO RUPIAH                7.7%    INDONESIA                          7.7%
  JAPANESE YEN             -10.9%    SRI LANKA                          1.3%
                                   -----------------------------------------
  MALAYSI RINGGIT            0.7%  EUROPE                              18.2%
                                   -----------------------------------------
  SRI LANKA RUPEE            1.3%    CROATIA                            1.5%
---------------------------------
AUSTRALIA/NEW ZEALAND       -3.4%    REPUBLIC OF ETHIOPIA               1.7%
---------------------------------
  AUSTRALIAN DOLLAR         -3.4%    REPUBLIC OF SERBIA                 3.7%
---------------------------------
EUROPE                      -6.4%    RUSSIA                             1.7%
---------------------------------
  EURO                      -8.0%    TURKEY                             1.2%
  SERBIAN DINAR              1.6%    UKRAINE                            8.4%
---------------------------------  -----------------------------------------
LATIN AMERICA               18.4%  LATIN AMERICA/CARIBBEAN             26.4%
---------------------------------  -----------------------------------------
  BRAZILIAN REAL            10.7%    BRAZIL                            10.7%
  COLOMBIAN PESO             3.2%    CHILE                              2.2%
  MEXICAN PESO               4.6%    COLOMBIA                           3.2%
---------------------------------
MID-EAST/AFRICA              5.1%    COSTA RICA                         2.7%
---------------------------------
  GHANA CEDI NEW             4.2%    DOMINICAN REPUBLIC                 2.8%
  SOUTH AFRICA RAND          0.9%    ECUADOR                            0.8%
---------------------------------
NORTH AMERICA               86.3%    EL SALVADOR                        0.5%
---------------------------------
  US DOLLAR                 86.3%    MEXICO                             3.6%
---------------------------------
TOTAL                      100.0%    PERU                               0.2%
---------------------------------  -----------------------------------------
                                   MID-EAST/AFRICA                     22.9%
                                   -----------------------------------------
                                     GHANA                              4.1%
                                     IRAQ                               3.8%
                                     KENYA                              3.6%
                                     NIGERIA                            1.4%
                                     SENEGAL                            1.2%
                                     SOUTH AFRICA                       2.3%
                                     ZAMBIA                             6.4%
                                   -----------------------------------------
                                   NORTH AMERICA                        5.3%
                                   -----------------------------------------
                                     BERMUDA                            0.5%
                                     CANADA                             1.5%
                                     UNITED STATES                      3.3%
                                   -----------------------------------------
                                   OTHER                               16.9%
                                   -----------------------------------------
                                     CASH                              20.5%
                                     DERIVATIVES                       -3.6%
                                   -----------------------------------------
                                   TOTAL                              100.0%
                                   -----------------------------------------


You may request a copy of the Fund's current Report to Shareholders by contacting Franklin Templeton's Fund Information Department at 1-800/DIAL BEN® (1-800-342-5236) or by visiting franklintempleton.com. All investments involve risks, including possible loss of principal. Changes in interest rates will affect the value of the Fund's portfolio and its share price and yield. Bond prices generally move in the opposite direction of interest rates. Thus, as prices of bonds in the Fund adjust to a rise in interest rates, the Fund's share price may decline. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments of countries where the Fund invests. The Fund's investments in emerging market countries are subject to all of the risks of foreign investing generally, and have additional heightened risks due to these markets' smaller size and lesser liquidity and lack of established legal, political, business and social frameworks to support securities markets, including: delays in settling portfolio securities transactions; currency and capital controls; greater sensitivity to interest rate changes; pervasiveness of corruption and crime; currency exchange rate volatility; and inflation, deflation or currency devaluation. The markets for particular securities or types of securities are or may become relatively illiquid. Reduced liquidity will have an adverse impact on the security's value and on the Fund's ability to sell such securities when necessary to meet the Fund's liquidity needs or in response to a specific market event. Derivatives, including currency management strategies, involve costs and can create economic leverage in the portfolio that may result in significant volatility and cause the Fund to participate in losses (as well as enable gains) on an amount that exceeds the Fund's initial investment. The Fund may not achieve the anticipated benefits and may realize losses when a counterparty fails to perform as promised. As a nondiversified investment company, the Fund may invest in a relatively small number of issuers and, as a result, be subject to a greater risk of loss with respect to its portfolio securities. The Fund is actively managed and investment allocations can be expected to change, but there is no guarantee that the manager's investment decisions will produce the desired results. The information provided is as of the date shown and comes from sources considered reliable, but the Fund makes no representation or warranty as to its completeness or accuracy. The weightings do not include the impact of currency forwards within the country weightings.

* Net currency distribution may include unsettled trades.


                        TEMPLETON GLOBAL INCOME FUND
                            AS OF AUGUST 31, 2016
                       TOTAL NET ASSETS: $951,191,382
                      NET ASSET VALUE PER SHARE: $7.09
                       OUTSTANDING SHARES: 134,144,158

                         PERCENT OF
                          TOTAL NET
ASSET ALLOCATION           ASSETS    PORTFOLIO CHARACTERISTICS
-----------------------------------  ---------------------------------------
CASH & CASH EQUIVALENTS       20.5%  WEIGHTED AVG. MATURITY      4.2355 yrs.
DERIVATIVES                   -3.8%  WEIGHTED AVG. DURATION      1.2653 yrs.
FIXED INCOME                  83.3%
                         ----------
                             100.0%


                         PERCENT OF                               PERCENT OF
NET CURRENCY              TOTAL NET                               TOTAL NET
DISTRIBUTION*              ASSETS    COUNTRY DISTRIBUTION           ASSETS
-----------------------------------  ---------------------------------------
ASIA                           9.9%  ASIA                              34.1%
-----------------------------------  ---------------------------------------
  INDIAN RUPEE                 8.8%    INDIA                            4.9%
  INDO RUPIAH                 10.5%    INDONESIA                        9.4%
  JAPANESE YEN               -30.7%    MALAYSIA                         4.0%
  MALAYSI RINGGIT             15.0%    PHILIPPINES                      4.4%
  PHILIPPINE PESO              4.4%    SOUTH KOREA                      9.5%
  SOUTH KOREAN WON            -0.1%    SRI LANKA                        1.9%
                                     ---------------------------------------
  SRI LANKA RUPEE              1.9%  EUROPE                            12.0%
-----------------------------------  ---------------------------------------
AUSTRALIA/NEW ZEALAND         -8.9%    POLAND                           4.3%
-----------------------------------
  AUSTRALIAN DOLLAR           -8.9%    PORTUGAL                         2.7%
-----------------------------------
EUROPE                       -37.7%    UKRAINE                          5.0%
-----------------------------------  ---------------------------------------
  EURO                       -42.0%  LATIN AMERICA                     36.0%
                                     ---------------------------------------
  POLAND ZLOTY                 4.3%    BRAZIL                          15.2%
-----------------------------------
LATIN AMERICA                 48.1%    COLOMBIA                         2.5%
-----------------------------------
  BRAZILIAN REAL              15.2%    MEXICO                          15.1%
  CHILEAN PESO                 6.9%    PERU                             3.2%
                                     ---------------------------------------
  COLOMBIAN PESO               2.5%  OTHER                             16.7%
                                     ---------------------------------------
  MEXICAN PESO                20.4%    CASH                            20.5%
  PERU NUEVO SOL               3.2%    DERIVATIVES                     -3.8%
-----------------------------------
NORTH AMERICA                 88.6%    SUPRANATIONAL                    1.2%
-----------------------------------  ---------------------------------------
  US DOLLAR                   88.6%  TOTAL                            100.0%
-----------------------------------  ---------------------------------------
TOTAL                        100.0%
-----------------------------------


You may request a copy of the Fund's current Report to Shareholders by contacting Franklin Templeton's Fund Information Department at 1-800/DIAL BEN® (1-800-342-5236) or by visiting franklintempleton.com. All investments involve risks, including possible loss of principal. Changes in interest rates will affect the value of the Fund's portfolio and its share price and yield. Bond prices generally move in the opposite direction of interest rates. Thus, as prices of bonds in the Fund adjust to a rise in interest rates, the Fund's share price may decline. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments of countries where the Fund invests. Investments in developing markets involve heightened risks related to the same factors, in addition to those associated with their relatively small size and lesser liquidity. The markets for particular securities or types of securities are or may become relatively illiquid. Reduced liquidity will have an adverse impact on the security's value and on the Fund's ability to sell such securities when necessary to meet the Fund's liquidity needs or in response to a specific market event. Derivatives, including currency management strategies, involve costs and can create economic leverage in the portfolio that may result in significant volatility and cause the Fund to participate in losses (as well as enable gains) on an amount that exceeds the Fund's initial investment. The Fund may not achieve the anticipated benefits and may realize losses when a counterparty fails to perform as promised. As a nondiversified investment company, the Fund may invest in a relatively small number of issuers and, as a result, be subject to a greater risk of loss with respect to its portfolio securities. The Fund is actively managed and investment allocations can be expected to change, but there is no guarantee that the manager's investment decisions will produce the desired results. The information provided is as of the date shown and comes from sources considered reliable, but the Fund makes no representation or warranty as to its completeness or accuracy. The weightings do not include the impact of currency forwards within the country weightings.

* Net currency distribution may include unsettled trades.

For more information, please contact
Franklin Templeton Investments
1-800-342-5236

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