Templeton Emerging Markets Fund ("EMF") Announces Results of the Reconvened Annual Meeting of Shareholders

FORT LAUDERDALE, Fla., March 29, 2018 -- Templeton Emerging Markets Fund (NYSE:EMF) (the “Fund”), a closed-end management investment company, announced the final results of voting at the reconvened Annual Meeting of Shareholders held today.  As detailed in the proxy materials previously mailed to shareholders of record beginning on or about December 28, 2017, shareholders approved the election of Trustees (Proposal 1), an amended fundamental investment restriction regarding investments in commodities (Proposal 2), an amended fundamental investment restriction regarding lending (Proposal 3), a change to the Fund’s status from diversified to non-diversified (Proposal 4) and the ratification of the selection of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the Fund for the fiscal year ending August 31, 2018 (Proposal 5).

The Fund’s investment manager, Templeton Asset Management Ltd., is an indirect, wholly owned 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 $744 billion in assets under management as of February 28, 2018.  For more information, please visit franklintempleton.com.

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