Templeton Dragon Fund, Inc. (“TDF”) Announces Distribution

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

Fort Lauderdale, Florida, August 27, 2010. Templeton Dragon Fund, Inc. (NYSE: TDF) today announced a total distribution of $1.237, comprised of net investment income of $0.3347 per share, short-term capital gains distribution of $0.0509 per share and long-term capital gains distribution of $0.8514 per share, payable on September 22, 2010 to shareholders of record on September 8, 2010 (Ex-Dividend Date: September 3, 2010).

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 solutions managed by its Franklin, Templeton, Mutual Series, Fiduciary Trust, Darby and Bissett investment teams.  The San Mateo, CA-based company has more than 60 years of investment experience and over $602 billion in assets under management as of July 31, 2010.  For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.