]> Press Release - Closed-End Funds - Asset Allocation
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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, June 13, 2008.  Templeton Emerging Markets Income Fund (NYSE: TEI) today announced its quarterly dividend from net investment income of $0.25 per share, payable on July 15, 2008 to shareholders of record on June 30, 2008 (Ex-Dividend Date: June 26, 2008).

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, Fiduciary Trust, Darby and Bissett investment teams. The San Mateo, CA-based company has more than 60 years of investment experience and $623 billion in assets under management as of May 31, 2008.  For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.