RNS Number:9505L
Templeton Emerging Markets IT PLC
05 June 2003






           Templeton Emerging Markets Investment Trust PLC ("TEMIT")


1. On behalf of TEMIT, Franklin Templeton Investment Management Limited reports
the unaudited net asset value ("NAV") of TEMIT Shares at 30th May 2003 as
follows: -


Undiluted NAV (Warrants unexercised)           135.93 pence (Cum-Income)
Fully diluted NAV (Warrants exercised)         135.43 pence (Cum-Income)
Undiluted NAV (Warrants unexercised)           133.80 pence (Ex-Income)
Fully diluted NAV (Warrants exercised)          133.67 pence (Ex-Income)


                            
TEMIT's investment in emerging markets was: -


                                                              % of total assets
LATIN AMERICA
Brazil (including US listings)                                10.52
Mexico (including US listings)                                5.74
Argentina (including US listings)                             1.39

ASIA
South Korea                                                   13.23
China (including HK listings)                                 12.65
Thailand                                                      8.57
Taiwan                                                        5.21
India                                                         4.70
Hong Kong (including Singapore listings)                      3.13
Philippines                                                   1.35
Singapore                                                     1.01
Indonesia                                                     0.96

EUROPE
Hungary                                                       6.25
Austria                                                       3.08
Poland                                                        2.13
Greece                                                        1.92
Russia (including US listings)                                1.87
Czech Republic                                                1.67
Portugal                                                      1.26
Croatia                                                       1.24

AFRICA (SUB-SAHARA)
South Africa                                                   4.33


MIDDLE EAST

Turkey                                                        6.47
Israel                                                        0.94
Egypt                                                         0.44

OTHER



TEMIT's current total of liquid investments, cash and other   (0.06)
liabilities was:-

                                                              100.00
Date: 5th June 2003






           Templeton Emerging Markets Investment Trust PLC ("TEMIT")


               
1. On behalf of TEMIT, Franklin Templeton Investment Management
Limited reports at 30th May 2003, TEMIT's investment by industry class was: -



                                                          % of total assets

Diversified Banks                                               17.40
Oil & Gas Refining & Marketing                                  10.50
Integrated Telecommunication Services                            7.69
Electric Utilities                                               7.63
Integrated Oil & Gas                                             6.28
Brewers                                                          4.49
Pharmaceuticals                                                  4.43
Tobacco                                                          3.75
Construction Materials                                           3.49
Marine Ports & Services                                          2.85
Computer Storage & Peripherals                                   2.75
Wireless Telecommunication Services                              2.66
Industrial Conglomerates                                         2.49
Food Retail                                                      2.41
Consumer Finance                                                 2.10
Construction & Engineering                                       2.04
Packaged Foods                                                   1.97
Paper Products                                                   1.58
IT Consulting & Services                                         1.46
Soft Drinks                                                      1.33
Diversified Metals & Mining                                      1.30
Commodity Chemicals                                              1.26
Automobile Manufacturers                                         1.13
Steel                                                            1.02
Systems Software                                                 0.93
Oil & Gas Exploration & Production                               0.93
Multi-sector holdings                                            0.75
Household Appliances                                             0.72
Computer Hardware                                                0.62
Metal & Glass Containers                                         0.50
Casinos & Gaming                                                 0.49
Homebuilding                                                     0.30
Alternative Carriers                                             0.22
Real Estate Management & Development                             0.21
Diversified Chemicals                                            0.19
Oil & Gas Equipment & Services                                   0.19

TEMIT's current total of liquid investments, cash and           (0.06)
other liabilities was:-

Date: 5th June 2003                                             100.00





For information please contact David Bliss/Will Rogers at UBS Warburg Ltd (0207
567 8000).  No representation or warranty is made by UBS Warburg Ltd as to the
accuracy or completeness of the information contained in this announcement and
no liability will be accepted for any loss arising from its use.  These figures
have been prepared by Franklin Templeton Investments and are their sole
responsibility.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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