Franklin Templeton Investments appoints Adam Quaife as Senior Director, Central and Eastern Europe and Middle East

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Franklin Templeton Investments

Michael Jadalla

(971) 4 4284 117

Dubai, UAE: Franklin Resources, Inc. (operating as Franklin Templeton Investments) (NYSE: BEN) today announced that Adam Quaife has been named Senior Director, Central and Eastern Europe and Middle East, Franklin Templeton Investments effective 1st August 2012. In his new role, Quaife will be responsible for providing leadership for the firm’s businesses across Central & Eastern Europe and the Middle East.

Quaife will be based in Dubai, UAE and will report to Vivek Kudva, Managing Director – India and CEEMEA, Franklin Templeton Investments. He will be responsible for leading and developing the retail and institutional businesses in this diverse region, which comprises some of the largest sovereign wealth funds as well as many established and emerging retail opportunities and will focus on some of the key markets that include Poland, Hungary, Greece, Turkey, Romania, United Arab Emirates, Saudi Arabia, Qatar and Kuwait.

Commenting on Quaife’s appointment, Kudva said: “Franklin Templeton has been focusing on the growth opportunities in international markets for several years. Adam’s appointment reflects our strong belief in the potential of further developing Franklin Templeton’s businesses in the region.”

“I believe the emerging and frontier markets have the potential to grow at a relatively faster pace than most developed economies. We have already established a strong presence in 25 countries in the region. Our investment management groups offer truly distinct areas of expertise and our diversified investment solutions offer a wide choice to retail and institutional investors, enabling us to continue building the right platform for sustainable growth through market cycles”, said Quaife.

Quaife joined Franklin Templeton's institutional business in London in 2002 before setting up the Sydney office in 2004. He established and built the Australian retail business, before taking over as Sales Director and Head of Institutional in 2008 and successfully grew the institutional business. Prior to joining Franklin Templeton, Quaife held business development positions at AXA and Colonial First State. Quaife has a bachelor’s degree in commerce (Marketing) and a postgraduate degree in applied finance and investment with the Financial Services Institute Australasia.

Quaife replaces Andrew Ashton who will be relocating to San Mateo in early August to take up a newly-created role as Head of Consultant and Research Group – International.

Franklin Templeton Investments is one of the largest foreign asset management firms in India and the CEEMEA region, offering a wide range of funds to retail and institutional investors. Following the opening of the first office in the CEEMEA region in South Africa in 1995, the company opened an office in India in 1996, in Poland in 1997 and in the UAE in 2000, adding to Franklin Templeton’s network of over 30 offices around the world.

Franklin Resources, Inc. [NYSE:BEN], is 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, Darby and Bissett investment teams. The San Mateo, CA-based company has more than 60 years of investment experience and over US$706 billion in assets under management as of 30 June 2012.

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Notes to Editors:

This press release is intended to be of general interest only, and does not constitute professional advice. Franklin Templeton Investments and its management groups have exercised professional care and diligence in the collection and processing of the information in this press release. Franklin Templeton Investments makes no representations or warranties with respect to the accuracy of this document. Franklin Templeton Investments shall not be liable to any user of this report or to any other person or entity for the inaccuracy of information contained in this press release or for any errors or omissions in its contents, regardless of the cause of such inaccuracy, error or omission. Any research and analysis contained in this document has been procured by Franklin Templeton Investments for its own purposes.

For more information, please contact: Franklin Templeton Investments, The Gate, East Wing, Level 2, Dubai International Financial Centre, P.O.Box 506613, Dubai, U.A.E., Tel.: +9714-4284100 Fax:+9714-4284140.

For more information on our funds please visit our website: http://www.franklintempletongem.com/

Issued by Franklin Templeton Investment Management Limited in Dubai (“FTIML”). FTIML is authorized and regulated in the UK by the Financial Services Authority and the FTIML Dubai branch is regulated in Dubai by the Dubai Financial Services Authority (“DFSA”).