The Taiwan Fund, Inc. Announces the Results of the Annual Stockholders Meeting

NEW YORK, April 19, 2017

Director	Votes Cast for	Votes Against/Withheld
William C. Kirby	7,214,316	157,823 ARIVA.DE Börsen-Geflüster Kurse The Taiwan Fund 37,73 $ 0,00%
Michael F. Holland	3,292,494	4,079,645
Anthony Kai Yiu Lo	3,720,043	3,652,096
Shelley E. Rigger	7,127,817	244,322
Anthony S. Clark	3,790,439	3,581,700

Pursuant to the Fund's by-laws, Michael F. Holland is deemed to have tendered to the Board his resignation as a Director, with such resignation to take effect 30 days after the date of the Meeting unless the Board unanimously decides to reject that Director's tender of resignation, in which case the Director shall continue in office until his death, resignation or removal or until his successor shall have been elected and shall have been qualified. Michael F. Holland has been designated as an Audit Committee Financial Expert for the Fund.  After considering the implications of the failure of Michael F. Holland to be re-elected by stockholders, the Board unanimously decided that, in view of the need to identify a person having the qualifications to be designated as an Audit Committee Financial Expert to replace Mr. Holland, it would decline the deemed tender of resignation by Mr. Holland with the understanding that Mr. Holland would tender his resignation once the Board has designated another Board member as an Audit Committee Financial Expert.  The Board immediately began the process of actively seeking to identify a Board candidate who would have the qualifications to be designated as an Audit Committee Financial Expert for the Fund. Any determinations made by the Board as a result of this search will be communicated to stockholders.

The Fund is a diversified closed-end, investment company, which seeks long term capital appreciation primarily through investments in equity securities listed on the Taiwan Stock Exchange. Shares of the Fund are listed on the New York Stock Exchange under the ticker symbol "TWN."

For additional information on the Fund, including information on the Fund's holdings, visit the Fund's website at www.thetaiwanfund.com or call 1-877-864-5056.

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SOURCE The Taiwan Fund, Inc.