]> Templeton Emerging Markets Income Fund ("TEI") Announces Dividend
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Templeton Emerging Markets Income Fund ("TEI") Announces Dividend

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

Fort Lauderdale, Florida, December 11, 2007.  Templeton Emerging Markets Income Fund (NYSE: TEI) today announced its regular quarterly dividend from net investment income of $0.25 per share, and additional year-end distribution from net investment income of $0.3395 per share, payable on December 31, 2007 to shareholders of record on December 21, 2007 (Ex-Dividend Date: December 19, 2007).

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 60 years of investment experience and $647 billion in assets under management as of November 30, 2007. For more information, please call 1-800/DIAL BEN® (1-800-342-5236) or visit franklintempleton.com.