Franklin Templeton Announces Tax-Free Dividend

Franklin Templeton Investments (India) has com out with its second tax-free dividend of Rs.2.50 per unit (Face Value of Rs.10), in its fund - Franklin India Flexi Cap Fund. All investors registered in the Dividend Plan as on 9 May 2007 will receive this tax-free dividend. (Pursuant to payment of dividend, the NAV of the fund would fall to the extent of payout). The record date for the dividend is 9 May 2007 and any purchases on or before this date will be eligible for the dividend. There will be a one-day book closure for the growth and dividend plans on 10 May 2007 and will reopen for fresh purchases and redemptions on 11 May 2007. Under the dividend reinvestment plan, the dividend declared will be reinvested at the NAV of 11 May 2007 and unit holders will be allotted additional units for the dividend amount.