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Templeton Strategic raises stake in Indian Oil & Gas co.
November, 14th 2011

Templeton Strategic Emerging Markets Fund III LDC (TSEMF III) further added to its existing investment in Shiv-Vani Oil & Gas Exploration Services Limited (Shiv-Vani).
TSEMF III, which invests in listed as well as unlisted companies in emerging markets, is the third strategic equity fund managed by Templeton Emerging Markets Group of Templeton Asset Management Limited, an investment management company incorporated in Singapore.

Dr. Mark Mobius, executive chairman of Templeton Emerging Markets Group said, We are impressed with Shiv-Vanis oil & gas exploration services capabilities and thought it fit to add to our existing investment in the company. The demand for oil and gas continues to rise all around the world and thus the demand for Shiv-Vanis services should increase.
Shiv-Vani is one of Indias largest onshore oil & gas services provider focused on deep well drilling and seismic services. Shiv-Vani also provides end to end services in drilling, extraction, compression and dispatch of gas in its coal bed methane (CBM) business.
About Templeton Strategic Emerging Markets Fund III, LDC (TSEMF III) and Templeton Emerging Markets Group
TSEMF III, a Limited Duration Company incorporated in the Cayman Islands and available only to institutions and sophisticated investors makes strategic investments throughout emerging markets.

TSEMF III is managed by the Templeton Emerging Markets Group of Templeton Asset Management Ltd (TAML), the licensed investment advisor for the Templeton Emerging Markets Group, led by Dr. Mark Mobius.  Dr. Mobius, a pioneer in emerging markets investing, has over 30 years of experience managing assets for retail, institutional and professional investors across the globe.  TAML has 17 offices located throughout emerging markets including Singapore and Hong Kong. TAMLs Templeton Emerging Markets Group is headed by Dr. Mark Mobius and managed over US$ 40 billion as of September, 2011.

Franklin Resources, Inc. (FRI) (NYSE: BEN), the ultimate parent company of TAML, 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 and Fiduciary Trust investment teams.  The San Mateo, California-based company has more than 60 years of investment experience and has US $659.9 billion in assets under management as of September 30, 2011.

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