Net Asset Value(s)

RNS Number:4078M
Templeton Emerging Markets IT PLC
17 June 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 13th June 2003 as follows:-


Undiluted NAV (Warrants Unexercised)                  139.29 (Cum-Income)
Fully Diluted NAV (Warrants Exercised)                138.23 (Cum-Income)

Undiluted NAV (Warrants Unexercised)                  137.02 (Ex-Income)
Fully Diluted NAV (Warrants Exercised)                136.34 (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.


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

NAVKGGMVLNNGFZG