Net Asset Value(s)

RNS Number:8559I
Templeton Emerging Markets IT PLC
18 March 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 14 March 2003 as follows:-


Undiluted NAV (Warrants Unexercised)                  120.57 (Cum-Income)
Fully Diluted NAV (Warrants Exercised)                122.67 (Cum-Income)

Undiluted NAV (Warrants Unexercised)                  119.32 (Ex-Income)
Fully Diluted NAV (Warrants Exercised)                121.64 (Ex-Income)



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.



End of Announcement.


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