SAN MATEO, CA -- (Marketwire) -- 04/30/12

Franklin Templeton Limited Duration Income Trust (NYSE Amex: FTF), a closed-end investment company managed by Franklin Advisers, Inc., today reported its portfolio composition, certain portfolio characteristics and NYSE Amex closing price as of March 31, 2012.

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, Fiduciary Trust, Darby and Bissett investment teams. The San Mateo, CA-based company has more than 60 years of investment experience and over $725 billion in assets under management as of March 31, 2012. For more information, please call 1-800/DIAL BEN® or visit franklintempleton.com.

FRANKLIN TEMPLETON LIMITED DURATION INCOME TRUST ASSET ALLOCATION at March
 31, 2012
============================================================================

                                     MARKET
                                     VALUE                     PERCENTAGE
SECTOR ALLOCATION                    (Millions)                OF FUND (1)
------------------------------       -------------             -------------

High Yield Corporate Bonds &
 Preferred Securities                        192.1                     35.2%
Investment Grade Corporate
 Bonds                                         2.3                      0.4%
Floating Rate Loans                          188.5                     34.6%
Mortgage-Backed Securities                   121.5                     22.3%
Other Asset-Backed Securities
 (2)                                          24.6                      4.5%
International Government Bonds
 (US$ and non-US$)                             8.2                      1.5%
Common Stock & Warrants                        0.0                      0.0%
Cash & Other Net Assets (3)                    8.0                      1.5%

                                     -------------             -------------
Total Assets (4)                            $545.4                    100.0%
============================================================================

                                     MARKET
                                     VALUE                     PERCENTAGE
TOP 10 INDUSTRIES (5)                (Millions)                OF FUND (1)
------------------------------       -------------             -------------

Healthcare Services                           38.9                      7.1%
Energy                                        29.4                      5.4%
Automotive                                    25.5                      4.7%
Financial Services                            24.6                      4.5%
Info/Technology                               22.7                      4.2%
Consumer Products                             20.7                      3.8%
Gaming/Leisure                                20.3                      3.7%
Chemicals                                     18.5                      3.4%
Broadcasting                                  17.7                      3.3%
Food & Beverage                               17.6                      3.2%
                                     -------------             -------------

Total (4)                                   $235.9                     43.2%
============================================================================

                                     MARKET
                                     VALUE                     PERCENTAGE
10 LARGEST HOLDINGS BY ISSUER        (Millions)                OF FUND (1)
------------------------------       -------------             -------------

Fannie Mae                                    92.0                     16.9%
Freddie Mac                                   28.0                      5.1%
Caesars Entertainment
 Operating                                     7.7                      1.4%
Reynolds Group                                 7.2                      1.3%
Intelsat Jackson Holding LT                    6.6                      1.2%
Visant Corp.                                   5.5                      1.0%
Calpine Corp.                                  5.0                      0.9%
Sungard Data Systems Inc.                      4.7                      0.9%
Del Monte Foods                                4.7                      0.9%
Wachovia Bank Commerical                       4.5                      0.8%
                                     -------------             -------------

Total (4)                                   $166.0                     30.4%
============================================================================

Number of positions                                         393
NAV per share                                           $ 13.81
Market price per share                                  $ 14.01
Number of shares outstanding                         26,786,933
Total net assets                                  $ 370,054,967

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 LCDX swap
 index and CDX swap 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.

Contact:
Franklin Templeton Investments
Shareholders/Financial Advisors: (800) 342-5236