Templeton Dragon Fund, Inc. ("TDF") Announces Distribution

FORT LAUDERDALE, FL -- (Marketwire) -- 09/01/09 -- Templeton Dragon Fund, Inc. (NYSE: TDF) today announced a total distribution of $0.9228, comprised of net investment income of $0.5451 per share, short-term capital gains distribution of $0.0072 per share and long-term capital gains distribution of $0.3705 per share, payable on September 30, 2009 to shareholders of record on September 16, 2009 (Ex-Dividend Date: September 14, 2009).

The Fund's investment manager, Templeton Asset Management Ltd., is an indirect, wholly owned subsidiary of Franklin Resources, Inc. (NYSE: BEN), 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 $482 billion in assets under management as of July 31, 2009. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.