]> Press Release- Closed-End Funds- GIM Announces Dividend

Templeton Global Income Fund, Inc. (GIM) Announces Dividend

From: Franklin Resources, Inc.
Contact: Lisa Gallegos
Telephone:(650) 312-3395

Fort Lauderdale, Florida, December 2, 2002. Templeton Global Income Fund, Inc. (NYSE: GIM) today announced its monthly dividend from net investment income of $0.045 per share, payable on December 31, 2002 to shareholders of record on December 16, 2002 (Ex-Dividend Date: December 12, 2002).

The Fund’s investment manager is a wholly owned subsidiary of Franklin Resources, Inc. (NYSE: BEN), a global investment organization operating as Franklin Templeton Investments. Franklin Templeton Investments provides global and domestic investment management services through its Franklin, Templeton, Mutual Series and Fiduciary Trust subsidiaries. The San Mateo, CA-based company has over 50 years of investment experience and more than $252 billion in assets under management as of October 31, 2002. For more information, please call 1-800/DIAL BEN® (1-800-342-5236).