Templeton Global Growth Fund Ltd Elects Steven J Fahey as Director

Templeton Global Growth Fund Limited is an investment company. The Company provides Australian residents with an investment vehicle, which provides them with an access to equity markets across the world. The Company's investment objective is to achieve long-term capital growth from a globally diversified portfolio of investment securities. The Company focuses on long-term appreciation from a globally diversified portfolio, consisting primarily of international securities. The Company invests in various sectors, such as consumer discretionary, consumer staples, energy, financials, healthcare, industrials, information technology, materials and telecommunications services. The Company's primary form of investment is in common equity stocks traded on global stock markets. The Company's investment manager is Franklin Templeton Investments Australia Ltd (FTIAL), a subsidiary of Franklin Resources, Inc.