Templeton Dragon Fund, Inc. (“TDF”) and Templeton Emerging Markets Fund (“EMF”) Announce Portfolio Management Team Appointments

FORT LAUDERDALE, Fla., March 21, 2017 -- Templeton Dragon Fund, Inc. (NYSE:TDF) and Templeton Emerging Markets Fund (NYSE:EMF) today announced portfolio management team appointments, effective April 3, 2017.

Eddie Chow, director of China Strategy for Templeton Emerging Markets Group (“TEMG”), and currently co-lead portfolio manager for Templeton Dragon Fund, Inc., will become sole lead portfolio manager for the fund as its current co-lead portfolio manager Dr. Mark Mobius steps off the fund’s portfolio management team. Dr. Mobius will remain as executive chairman for TEMG, contributing investment ideas and research for the group.

Chetan Sehgal, CFA, director of Global Emerging Markets/Small Cap Strategies for TEMG, will assume the role of lead portfolio manager for Templeton Emerging Markets Fund, replacing its four co-lead portfolio managers, Dr. Mobius, Allan Lam, director of Asia Strategy, Dennis Lim, emerging markets strategist, and Tom Wu, deputy director of research. While they will relinquish their portfolio management roles on the fund, Mr. Lam and Mr. Wu will continue in their current roles with TEMG, and Dr. Mobius will remain as executive chairman for TEMG, contributing investment ideas and research for the group. Mr. Lim will retire from the firm.

These changes are part of a series of new portfolio manager assignments that will align TEMG’s portfolio management teams across its fund offerings and recognize the investment leadership roles key individuals have been playing in their specific strategies.

The funds’ investment manager is a subsidiary 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 170 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 650 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in over 30 countries, the California-based company has 70 years of investment experience and over $738 billion in assets under management as of February 28, 2017. For more information, please visit franklintempleton.com.

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