Templeton Russia and East European Fund, Inc. (“TRF”) Announces Distribution

Fort Lauderdale, Florida, December 1, 2014. Templeton Russia and East European Fund, Inc. (NYSE: TRF) today announced a year-end distribution from net investment income of $0.4609 per share, payable on December 31, 2014 to shareholders of record on December 12, 2014 (Ex-Dividend Date: December 10, 2014).

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 150 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 $898 billion in assets under management as of October 31, 2014. For more information, please visit franklintempleton.com.