RNS Number:8011P
Templeton Emerging Markets IT PLC
16 September 2003


Templeton Emerging Markets Investment Trust PLC ("TEMIT")


On behalf of TEMIT, Franklin Templeton Investment Management Limited reports the
unaudited net asset value ("NAV") of TEMIT as at 12th September 2003 as follows:


Undiluted NAV (Warrants Unexercised)                161.83 (Cum-Income)
Fully Diluted NAV (Warrants Exercised)              156.95 (Cum-Income)

Undiluted NAV (Warrants Unexercised)                159.61 (Ex-Income)
Fully Diluted NAV (Warrants Exercised)              155.11 (Ex-Income)


For information please contact David Bliss/Will Rogers at UBS Ltd (0207 567
8000). No representation or warranty is made by UBS 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.


End of Announcement.






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