Franklin Templeton Limited Duration Income Trust Reports Asset Allocation

SAN MATEO, CA -- (Marketwired) -- 05/07/13 -- Franklin Templeton Limited Duration Income Trust (NYSE MKT: FTF), a closed-end investment company managed by Franklin Advisers, Inc., today reported its portfolio composition, certain portfolio characteristics and NYSE MKT closing price as of March 31, 2013. This portfolio information and other Franklin Templeton Limited Duration Income Trust information can be found at https://www.franklintempleton.com/retail/jsp_app/products/closed_end_fund.jsp?fundNumber=3637.

Franklin Advisers, Inc., is a 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, Bissett, Fiduciary Trust, Darby, Balanced Equity Management and K2 investment teams. The San Mateo, CA-based company has more than 65 years of investment experience and over $823 billion in assets under management as of March 31, 2013. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION at March
 31, 2013
===========================================================================
                                   MARKET
                                   VALUE                       PERCENTAGE
SECTOR ALLOCATION                  (Millions)                  OF FUND (1)


High Yield Corporate
 Bonds & Preferred
 Securities                                185.8                       33.1%
Investment Grade
 Corporate Bonds                             0.0                        0.0%
Floating Rate Loans                        199.0                       35.5%
Mortgage-Backed
 Securities                                133.6                       23.8%
Other Asset-Backed
 Securities (2)                             27.9                        5.0%
International
 Government Bonds
 (US$ & non-US$)                             6.8                        1.2%
Common Stock &
 Warrants                                    0.6                        0.1%
Cash & Other Net
 Assets (3)                                  7.3                        1.3%
Total Assets (4)                   $       561.0                      100.0%
==================== ============  ============= ============= ============
                                   MARKET
TOP 10 INDUSTRIES                  VALUE                       PERCENTAGE
(5)                                (Millions)                  OF FUND (1)


Healthcare Services                         46.0                        8.2%
Energy                                      32.1                        5.7%
Automotive                                  26.7                        4.8%
Industrials                                 24.8                        4.4%
Info/Technology                             23.5                        4.2%
Financial Services                          21.6                        3.9%
Chemicals                                   20.8                        3.7%
Retail                                      18.3                        3.3%
Pay TV                                      18.1                        3.2%
Food & Beverage                             18.0                        3.2%
                                   -------------               ------------
Total (4)                          $       250.0                       44.6%
==================== ============  ============= ============= ============
                                   MARKET
10 LARGEST HOLDINGS                VALUE                       PERCENTAGE
BY ISSUER                          (Millions)                  OF FUND (1)


Fannie Mae                                 108.5                       19.3%
Freddie Mac                                 23.9                        4.3%
Intelsat                                     6.7                        1.2%
ADS Waste                                    5.8                        1.0%
FMG Resources                                5.2                        0.9%
Caesars
 Entertainment                               5.1                        0.9%
Calpine                                      5.1                        0.9%
Visant Corp.                                 4.9                        0.9%
Reynolds Group
 Holdings Inc.                               4.8                        0.9%
Del Monte Foods                              4.7                        0.8%
                                   -------------               ------------
Total (4)                          $       174.7                       31.1%
==================== ============  ============= ============= ============
Number of positions                                        441
NAV per share                                    $       14.30
Market price per
 share                                           $       14.82
Number of shares
 outstanding                                        26,832,032
Total net assets                                 $ 383,602,119

Weighted average
 duration (including
 leverage) (6)            3 years
Fund leverage
 percentage (7)                32%

(1) Percentage of total investments of the Fund. Total investments of the
 Fund include long-term and short-term investments and other net assets.
 Does not include last day portfolio and shareholder trades.
(2) May include collateralized loan obligations ("CLOs").
(3) Includes currency forward contracts and investments in the MCDX credit
 default index.
(4) Total figures may not represent exact sum of items as a result of
 rounding.
(5) Top 10 industries for corporate bonds and floating rate loans.
(6) Duration calculated using internal methodologies. Rounded to the
 nearest year.
(7) Preferred shares issued by the Fund and mortgage dollar rolls used for
 leverage divided by total assets of the Fund.

You may request a copy of the Fund's current Report to Shareholders by
 contacting Franklin Templeton's Fund Information Department at 1-800/DIAL
 BEN® (1-800-342-5236) or by visiting franklintempleton.com. All
 investments involve risks, including possible loss of principal. Interest
 rate movements and mortgage prepayments will affect the Fund's share price
 and yield. Bond prices generally move in the opposite direction of
 interest rates. As the prices of bonds in a fund adjust to a rise in
 interest rates, the fund's share price may decline. Investments in lower-
 rated bonds include higher risk of default and loss of principal. The Fund
 is actively managed but there is no guarantee that the manager's
 investment decisions will produce the desired results. This press release
 contains statistical data regarding the Fund's portfolio. The Fund's
 complete portfolio holdings are publicly available on a quarterly basis on
 Form N-Q, as well as in the Fund's Annual and Semi-Annual Reports to
 Shareholders filed with the U.S. Securities and Exchange Commission. These
 documents may be found at sec.gov. For portfolio management discussions,
 including information regarding the Fund's investment strategies, please
 view the most recent Annual or Semi-Annual Report to Shareholders which


 can be found at franklintempleton.com or sec.gov.