Appointment of a Director

Templeton Emerging Markets IT PLC
03 October 2002


Templeton Emerging Markets Investment Trust PLC ("TEMIT")

On behalf of TEMIT, Franklin Templeton Investment Management Limited reports the
appointment of Mr Richard H Frank to the Board of Directors of TEMIT with effect
from 19 September 2002, the date of the TEMIT Annual General Meeting.


Mr Frank holds no other UK Directorships.


For further information, please contact David Smart at Franklin Templeton
Investments (0207 208 7000).


End of Announcement.


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