Background

Templeton Global Growth Fund Limited ("TGG") was established as an investment company and listed on the Australian Stock Exchange Limited in May 1987.

Investment Objectives and Policy

The company's investment objective is to achieve long term capital growth from a globally diversified portfolio of investment securities. The primary form of investment is in common equity stocks traded on global stock markets. There are no pre-determined weightings or ranges of exposure to particular companies, industries, countries or regions. Accordingly, the country or industry weightings of the investment portfolio may be significantly different to the MSCI All Country World Free Index. However, the Investment Manager aims to structure the portfolio in a manner that provides for prudent diversification.

The company does not normally enter into hedging contracts to protect the Australian dollar value of its investment portfolio against declines arising from currency fluctuations or other market movements.

Investment Manager

The company's Investment Manager is Franklin Templeton Investments Australia Limited ("Templeton") a member of the Franklin Templeton Investments group, a global investment management organization head-quartered in San Mateo, California.

Templeton is one of the pioneers in global investing and its successful investment philosophy has been refined over more than 50 years. The Templeton investment process endeavours to identify undervalued securities through fundamental company analysis, using a global industry focus and a long term investment horizon.

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