Director Declaration

Templeton Emerging Markets IT PLC
17 May 2004



ANNOUNCEMENT

TEMPLETON EMERGING MARKETS INVESTMENT TRUST PLC
("the Company")

Disclosure of information regarding a recently appointed Director.

The Company today discloses the following information pursuant to Paragraphs
16.4 and 16.13 of the Listing Rules made by the UK Listing Authority. This
disclosure is based upon information provided by the Director and has not been
independently verified by the Company.

Biographical details of the recently appointment Director were announced as part
of the Company's Announcement made on 17th May 2004.

PETER A SMITH

Mr Smith, 57, is currently a director of N M Rothschild & Sons Limited,
Rothschild Private Management Limited, The Equitable Life Assurance Society, RAC
plc, Lex Employee Benefit Trust Limited, Rothschild Holding AG - Switzerland and
Rothchilds Continuation Holding AG - Switzerland.

In the previous 5 years, Mr Smith also held directorships in Safeway plc,
Barbinder Freehold, Cooper Brothers & Co Limited, Coopers & Lybrand (Abacus
House) Limited, Coopers & Lybrand (Europe) Limited, Coopers & Lybrand (Services)
Limited, Coopers & Lybrand Overseas, PricewaterhouseCoopers (Registration),
PricewaterhouseCoopers Associates Limited, PricewaterhouseCoopers Audit Company
Limited and PricewaterhouseCoopers Business Assurance Services Limited.

Mr Smith does not currently hold and has not held in the previous 5 years any
other directorships in any other publicly quoted company.

Mr Smith has no details to disclose pursuant to Paragraphs 6.F.2 (b) to (g) of
the Listing Rules.

Mr Smith has no interest in the share capital of the Company to disclose
pursuant to Paragraph 16.13 of the Listing Rules.

For information please contact David Bliss/Will Rogers at UBS Limited (0207 567
8000) or David Smart at Franklin Templeton Investment Management Limited (0207
925 7171). No representation or warranty is made by UBS Limited 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.

End of Announcement





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