Templeton Russia and East European Fund, Inc. (“TRF”) Adjourns Annual Meeting of Shareholders

From Franklin Resources, Inc.
contact Franklin Templeton Investments
Telephone (800) 342-5236

Fort Lauderdale, Florida, September 24, 2015. The Templeton Russia and East European Fund, Inc. (NYSE: TRF) (the “Fund”), which trades on the New York Stock Exchange, announced today that the Fund’s Annual Meeting of Shareholders was adjourned until October 8, 2015, to permit further solicitation of proxies. The adjournment will give shareholders an additional opportunity to consider the matters being voted on and to exercise their voting rights. The Annual Meeting will be reconvened on October 8, 2015, at 12 Noon Eastern time at 300 S.E. 2nd Street, Fort Lauderdale, Florida.

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 approximately $806 billion in assets under management as of August 31, 2015. For more information, please visit franklintempleton.com.