]> Press Releases--Closed-End Funds, (“GIM”) Announces Dividend
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Templeton Global Income Fund, Inc. (“GIM”) Announces Dividend

From: Franklin Templeton Investments
Contact: Lisa Gallegos
Telephone:(650) 312-3395

Fort Lauderdale, Florida, May 1, 2003. Templeton Global Income Fund, Inc. (NYSE: GIM) today announced its monthly dividend from net investment income of $0.04 per share, payable on May 30, 2003 to shareholders of record on May 15, 2003 (Ex-Dividend Date: May 13, 2003).

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 March 31, 2003. For more information, please call 1-800/DIAL BEN® (1-800-342-5236).