Franklin Templeton Announces Tax-Free Dividend

Franklin Templeton Investments (India) has declared a tax-free dividend of Rs.7.00 per unit (Face Value of Rs.10) in its open-end diversified equity fund - Franklin India Blue chip Fund (FIBCF). The fund was the first mutual fund scheme to be launched in the private sector in 1993. All investors registered in the Dividend Plan as on 9 January 2008 will receive this tax-free dividend. The record date for the dividend is 9 January 2008 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 in the respective funds on 10 January 2008 and will reopen for fresh purchases and redemptions on 11 January 2008. Under the dividend reinvestment plan, the dividend declared will be reinvested in the respective funds at the NAV of 11 January 2008 and unit holders will be allotted additional units for the dividend amount.