Franklin Resources, Inc. Announces Pricing of Notes Offering

SAN MATEO, CA -- (Marketwired) -- 03/25/15 -- Franklin Resources, Inc. (the "Company") (NYSE: BEN) today announced the pricing of its public offering of $400 million aggregate principal amount of its 2.850% Notes due 2025 at an issue price of 99.827%. The offering is expected to close on March 30, 2015. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. are acting as joint book-running managers for the offering.

The offering is being made pursuant to an effective registration statement filed by Franklin Resources, Inc. with the Securities and Exchange Commission on September 19, 2012.

The Company intends to use approximately $250 million of the net proceeds from the proposed offering to pay down its outstanding 3.125% notes due May 2015 and the remainder for general corporate purposes. The foregoing does not constitute a notice of redemption for or an obligation to issue a notice of redemption for the Company's outstanding notes.

The offering of the notes may be made only by means of a prospectus. A copy of the prospectus supplement relating to the notes can be obtained from Merrill Lynch, Pierce, Fenner & Smith Incorporated at 222 Broadway, 11th Floor, New York, NY 10038, Attention: Prospectus Department, or from Morgan Stanley & Co. LLC at 180 Varick Street, New York, New York 10014, Attention: Prospectus Department. An electronic copy of the prospectus supplement is available on the website of the Securities and Exchange Commission at www.sec.gov.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, Franklin Resources' notes, common stock or any other securities, nor shall there be any sale of securities mentioned in this press release in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

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 to retail, institutional and sovereign wealth clients in over 150 countries. Through specialized teams, the Company has expertise across all asset classes -- including equity, fixed income, alternative and custom solutions. The Company's more than 600 investment professionals are supported by its integrated, worldwide team of risk management professionals and global trading desk network. With offices in 35 countries, the California-based company has more than 65 years of investment experience and over $894 billion in assets under management as of February 28, 2015.

Forward-Looking Statements:

This press release contains forward-looking statements, including statements regarding Franklin Resources, Inc.'s intention to issue the notes, that contain risks and uncertainties. These forward-looking statements contain statements of intent, belief or current expectations of Franklin Resources, Inc. and its management. Forward-looking statements involve a number of known and unknown risks, uncertainties and other important factors that could cause actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward-looking statements. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. We caution you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance.

Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Contact:
Franklin Resources, Inc.
Media Relations:
Matt Walsh
(650) 312-2245

Investor Relations:
Brian Sevilla
(650) 312-4091

Source: Franklin Resources, Inc.

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