The Taiwan Fund, Inc.

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The Taiwan Fund, Inc. Announces Share Repurchases under its Discount Management Policy from October 14, 2019 through October 18, 2019

CONTACT:
Brian F. Link, Secretary
877-217-9502
www.thetaiwanfund.com

New York, New York, October 21, 2019 – The Taiwan Fund, Inc. (TWN) (the “Fund”) announced today that for the period October 14, 2019 through October 18, 2019, the Fund repurchased a total of 4,286 shares under the Fund’s Discount Management Program as follows:

Purchase Date Shares Repurchased
October 15, 2019 600
October 16, 2019 200
October 17, 2019 1,497
October 18, 2019 1,989

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 1-877-217-9502.

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