Net Asset Value(s)

RNS Number:1115N
Templeton Emerging Markets IT PLC
03 July 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 June 2003 as
follows: -

Undiluted NAV (Warrants unexercised)            140.35 pence (Cum-Income)
Fully diluted NAV (Warrants exercised)          139.11 pence (Cum-Income)
Undiluted NAV (Warrants unexercised)            138.07 pence (Ex-Income)
Fully diluted NAV (Warrants exercised)          137.22 pence (Ex-Income)


TEMIT's investment in emerging markets was: -

                                                              % of total assets
LATIN AMERICA
---------------
Brazil (including US listings)                                            9.55
Mexico (including US listings)                                            5.77
Argentina (including US listings)                                         1.43

ASIA
------
South Korea                                                              15.01
China (including HK listings)                                            13.32
Thailand                                                                  8.84
Taiwan                                                                    5.81
India                                                                     3.73
Hong Kong (including Singapore listings)                                  3.03
Philippines                                                               1.28
Singapore                                                                 0.94
Indonesia                                                                 0.91

EUROPE
--------
Hungary                                                                   5.29
Austria                                                                   3.18
Greece                                                                    2.06
Poland                                                                    2.02
Czech Republic                                                            1.65
Croatia                                                                   1.22
Portugal                                                                  1.21
Russia (including US listings)                                            1.13

AFRICA (SUB-SAHARA)
---------------------
South Africa                                                              4.44
                                                                           ---

MIDDLE EAST
-------------

Turkey                                                                    6.26
Israel                                                                    0.94
Egypt                                                                     0.43

OTHER
-------                                                                    

                                                            

TEMIT's current total of liquid investments, cash and other               0.55
liabilities was:-

                                                                        100.00
                                                                        --------
Date: 3rd July 2003
                                                                              
                                                                              


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.






           Templeton Emerging Markets Investment Trust PLC ("TEMIT")


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



                                                              % of total assets

Diversified Banks                                                        16.98
Oil & Gas Refining & Marketing                                           10.51
Electric Utilities                                                        7.12
Integrated Telecommunication Services                                     6.95
Integrated Oil & Gas                                                      6.89
Brewers                                                                   4.43
Pharmaceuticals                                                           4.12
Tobacco                                                                   3.99
Construction Materials                                                    3.87
Computer Storage & Peripherals                                            3.33
Marine Ports & Services                                                   2.89
Wireless Telecommunication Services                                       2.74
Consumer Finance                                                          2.66
Industrial Conglomerates                                                  2.49
Food Retail                                                               2.34
Packaged Foods                                                            2.16
Construction & Engineering                                                1.97
Paper Products                                                            1.62
Soft Drinks                                                               1.42
Diversified Metals & Mining                                               1.27
Commodity Chemicals                                                       1.24
Automobile Manufacturers                                                  1.21
Steel                                                                     1.14
Oil & Gas Exploration & Production                                        1.02
Systems Software                                                          0.94
Multi-sector holdings                                                     0.72
Computer Hardware                                                         0.68
Household Appliances                                                      0.63
Metal & Glass Containers                                                  0.53
Real Estate Management & Development                                      0.50
Casinos & Gaming                                                          0.49
Alternative Carriers                                                      0.20
Diversified Chemicals                                                     0.20
Oil & Gas Equipment & Services                                            0.20

TEMIT's current total of liquid investments, cash and other               0.55
liabilities was:-

Date: 3rd July 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
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