Report to Shareholders for the six months to 31 December 2015

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1 TEMPLETON GLOBAL GROWTH FUND LTD. A.B.N Level 19, 101 Collins Street Melbourne, Victoria 3000 Telephone : (03) Facsimile : (03) The Secretary Australian Securities Exchange Limited Exchange Centre Level 4 20 Bridge Street Sydney NSW 2000 Dear Sirs, Report to Shareholders for the six months to 31 December 2015 In accordance with the Australian Securities Exchange listing rules, attached please find the half year report to shareholders for the six months to 31 December 2015 comprising: Results for Announcement to the Market Directors Report Financial Statements and notes thereto Auditor s Review Report List of Investments Yours Faithfully, Templeton Global Growth Fund Ltd. Rabie Abas Company Secretary 24 February 2016

2 TEMPLETON GLOBAL GROWTH FUND LTD. A.B.N Level 19, 101 Collins Street Melbourne, Victoria 3000 Telephone : (03) Facsimile : (03) Appendix 4D Templeton Global Growth Fund Ltd ( Company ) ABN Half Year Report (provided to the ASX under listing Rule 4.2A.3) Reporting Period The financial information contained within this report pertains to the reporting period 1 July 2015 to 31 December Comparative information pertains to the previous corresponding period ( pcp ) 1 July 2014 to 31 December The information contained in this half year report should be read in conjunction with the annual financial report for the year ended 30 June Results for Announcement to the Market Revenue for the reporting period was $3,688,770 (2014: $2,987,394) an increase of $701,376 (23%). Net profit from ordinary activities after tax attributable to the members for the reporting period was $1,054,749 (2014: $1,004,291) an increase of $50,458 (5%). Net profit attributable to the members for the reporting period was $1,054,749 (2014: $1,004,291) an increase of $50,458 (5%). During the reporting period a 4.1 cent per share final dividend was declared and paid. On 24 February 2016 the Directors determined that no interim dividend be declared.

3 Additional Explanation: The Company reports realized and unrealized gains or losses on its investment portfolio, net of tax, in equity and discloses these movements as other comprehensive income in the statement of comprehensive income and not in the income statement. In the reporting period other comprehensive loss was $12,204,445 compared to comprehensive income of $10,589,838 in the pcp. Dividend Information A final dividend attributable to the 2015 financial year of 4.1 cents per share was declared and paid in the reporting period, 0.7 cents fully franked and 3.4 cents unfranked. On 24 February 2016 the Directors determined that no interim dividend be declared. Dividend Reinvestment The company operates a dividend reinvestment plan ( DRP ). The current DRP offers shareholders the opportunity to reinvest part or all of their dividend payments at a discount of 2.5% to market price as determined under the DRP rules. In the reporting period 925,484 shares have been issued under the DRP at an issue price of $ per share. Net Tangible Assets per Security During the reporting period the Company s net tangible asset backing ( NTA ) before tax decreased from 150 cents per share at 30 June 2015 to 139 cents per share at 31 December This decrease is after the payment of a 4.1 cent per share dividend to shareholders in September The NTA at the end of the pcp was 142 cents per share. On Market Share Buy-Back The Company maintains an on market share buy-back facility. No shares were bought back during the period 1 July 2015 to 31 December Controlled Entities The Company at no time in the reporting period or in the pcp gained or lost control of any entity. Associates and Joint Ventures The Company at no time in the reporting period or in the pcp had any associate or joint venture relationships.

4 Audit There are no items in dispute with the auditors and the review report on the half year financial report is not subject to qualification. Templeton Global Growth Fund Ltd Rabie Abas Company Secretary 24 February 2016

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