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

Templeton Global Income Fund ("GIM") Announces Dividend

From: Franklin Templeton Investments
Contact: Franklin Templeton Investments
Telephone:(800) 342-5236

Fort Lauderdale, Florida, December 1, 2005--Templeton Global Income Fund (NYSE: GIM) today announced a distribution from net investment income of $0.348. This amount is comprised of the Fund’s regular monthly dividend from net investment income of $0.04 per share, and an additional year-end dividend from net investment income of $0.308 per share. This distribution is payable on December 30, 2005 to shareholders of record on December 15, 2005 (Ex-Dividend Date: December 13, 2005).

The Fund's investment manager is a 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 and Fiduciary Trust investment teams. The San Mateo, CA-based company has more than 50 years of investment experience and $442 billion in assets under management as of October 31, 2005. For more information, please call 1-800/DIAL BEN® (1-800-342-5236) or visit franklintempleton.com.