Templeton Emerging Markets Fund ("EMF") Announces Distribution

FORT LAUDERDALE, FL--(Marketwire -12/01/11)- Templeton Emerging Markets Fund (NYSE: EMF - News) today announced a total distribution of $0.3335, comprised of net investment income of $0.2756 per share and long-term capital gains distribution of $0.0579 per share, payable on December 30, 2011 to shareholders of record on December 15, 2011 (Ex-Dividend Date: December 13, 2011).

The Fund's investment manager, Templeton Asset Management Ltd., is an indirect, wholly owned subsidiary of Franklin Resources, Inc. (NYSE: BEN - News), 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 over $694 billion in assets under management as of October 31, 2011. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.