<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>b65450a1exv99w2.txt
<DESCRIPTION>PRESS RELEASE
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<PAGE>
                         FOR IMMEDIATE RELEASE



CONTACT:

Tony Fernandes
State Street Corporation
617-662-2965



     THE TAIWAN FUND, INC. ANNOUNCES ELECTION OF TWO NEW DIRECTORS


NEW YORK, New York, May 10, 2007 --- The Taiwan Fund, Inc. (NYSE:
TWN), announced the election of two new members of its Board of
Directors. Messrs. Michael F. Holland and Bing Shen were elected to
the Board of Directors at a meeting held on April 23, 2007. During
that same meeting, Messrs. Shao-Yu Wang and Blair Pickerell resigned
as Directors of the Fund.

Mr. Holland is the Chairman of Holland & Company, LLC, a New York
based investment manager, having previously served as Vice Chairman of
Oppenheimer & Co. Mr. Shen is a Supervisor of CTCI Corporation in
Taipei, Taiwan and also serves as the Chairman of the Audit Committee
of the Board of Directors of CTCI Corporation, having previously
served as President of CDIB & Partners Investment Holding Corporation
and Executive Vice President of China Development Industrial Bank.

Mr. Wang resigned after serving on the Board of Directors since the
inception of the Fund in 1985. The Board of Directors expresses its
gratitude to Mr. Wang for his many years of excellent service to the
Fund. Mr. Pickerell recently announced his pending resignation as
Chairman of HSBC Investments (Taiwan) Limited, the Taiwan Fund's
Investment Manager. The Board of Directors also notes its appreciation
for Mr. Pickerell's contributions to the Fund.

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

For additional information on the Fund, including information on the
Fund's holdings, please call 1-800-636-9242 or visit the Fund's
website at WWW.THETAIWANFUND.COM.







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