Change of Adviser

Templeton Emerging Markets IT PLC
18 October 2002

Templeton Emerging Markets Investment Trust PLC ("TEMIT")


On behalf of TEMIT, Franklin Templeton Investment Management Limited reports the
following:-



The Board of TEMIT announces that it has appointed UBS Warburg Ltd as broker and
financial adviser with immediate effect.


For information please contact David Bliss/William Rogers - UBS Warburg - 0207
567 8000.


End of Announcement.


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