NAV, Geo & Ind Hldgs, Top Ten

Templeton Emerging Markets IT PLC
04 January 2006




           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 Shares at 30th December 2005 are as
follows: -

                                                                    
                                                                  
NAV                               299.64 pence (Cum-Income)
NAV                               294.34 pence (Ex-Income)

TEMIT's investment in emerging markets was: -

                                                             % of total assets
LATIN AMERICA
---------------
Brazil (including US listings)                                           18.20
Mexico (including US listings)                                            1.76

ASIA
------
South Korea                                                              18.99
China - Hong Kong                                                        12.27
Thailand                                                                  7.42
Taiwan                                                                    4.53
Singapore (including HK listings)                                         3.07
India                                                                     2.71
Malaysia                                                                  1.39
China                                                                     0.80
Philippines                                                               0.75
Indonesia                                                                 0.32

EUROPE
--------
Hungary                                                                   5.38
Poland                                                                    3.07
Austria                                                                   2.10
Russia (including US listings)                                            1.57
Croatia                                                                   1.12
Czech Republic                                                            0.60
United Kingdom                                                            0.42
Sweden                                                                    0.18
Greece                                                                    0.17

AFRICA (SUB-SAHARA)
---------------------
South Africa                                                              5.54
                                                                             ---

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

Turkey                                                                    8.53
Egypt                                                                     0.55

OTHER
-------

                                                       ---

TEMIT's current total of liquid investments, cash and
other liabilities was:-                                                  (1.44)

                                                                        100.00
                                                                        --------
                                                                             ---
As at 30th December 2005 TEMIT did not have any holdings in other Investment
Companies
                                                                             ---
Date: 4th January 2006
                                                                             ---





           Templeton Emerging Markets Investment Trust PLC ("TEMIT")

On behalf of TEMIT, Franklin Templeton Investment Management Limited reports at
30th December 2005, TEMIT's investment by industry class was: -

                                                                      % of total
                                                                        assets

Diversified Banks                                                        20.56
Oil & Gas Refining & Marketing                                           13.38
Integrated Oil & Gas                                                      9.10
Construction & Engineering                                                6.21
Wireless Telecommunication Services                                       4.31
Pharmaceuticals                                                           4.04
Independent Power Producers & Energy                                      3.65
Food Retail                                                               3.64
Tobacco                                                                   3.33
Industrial Conglomerates                                                  2.49
Steel                                                                     2.42
Marine Ports & Services                                                   2.22
Casinos & Gaming                                                        2.04
Semiconductors                                                            1.67
Electric Utilities                                                        1.67
Commodity Chemicals                                                       1.64
Paper Products                                                            1.61
Oil & Gas Exploration & Production                                        1.58
Brewers                                                                   1.55
Packaged Foods & Meats                                                    1.53
Consumer Finance                                                          1.52
Construction Materials                                                    1.39
Construction & Farm Machinery                                             1.18
Diversified Metals & Mining                                               1.05
Integrated Telecommunication Services                                     1.05
Aluminium                                                                 0.92
Automobile Manufacturers                                                  0.88
Computer Storage & Peripherals                                            0.84
Life & Health Insurance                                                   0.65
Household Appliances                                                      0.48
Gas Utilities                                                             0.45
Real Estate Management & Development                                      0.45
Household Products                                                        0.40
Metal & Glass Containers                                                  0.29
Diversified Chemicals                                                     0.29
Apparel Accessories & Luxury Goods                                        0.24
Building Products                                                         0.23
Personal Products                                                         0.18
Industrial Machinery                                                      0.12
Food Distributors                                                         0.11
Specialty Chemicals                                                       0.08

TEMIT's current total of liquid investments, cash and
other liabilities was:-                                                  (1.44)

Date: 4th January 2006                                                  100.00
                                                                        --------
                                                                             ---
                                                                             ---







           Templeton Emerging Markets Investment Trust PLC ("TEMIT")

On behalf of TEMIT, Franklin Templeton Investment Management Limited reports the
Top Ten Holdings in TEMIT as at 30th December 2005 as follows: -

Country    Security                        Industry              % Of total net
                                                                 assets
Korea      Hyundai Development Co.         Construction &                 6.21
(South)                                    Engineering
Turkey     Akbank                          Diversified Banks              4.68
Brazil     Banco Bradesco SA, ADR, pfd.    Diversified Banks              4.64
Brazil     Unibanco Uniao de Bancos        Diversified Banks              4.46
           Brasileiros SA, GDR
China -    PetroChina Co. Ltd., H          Integrated Oil &               3.21
HK                                         Gas
Poland     Polski Koncern Naftowy Orlen    Oil & Gas Refining &           3.07
           SA                              Marketing
Hungary    Gedeon Richter Ltd.             Pharmaceuticals                2.92
China -    China Petroleum & Chemical      Integrated Oil &               2.79
HK         Corp., H                        Gas
Korea      SK Corp.                        Oil & Gas Refining &           2.68
(South)                                    Marketing
Turkey     Tupras-Turkiye Petrol           Oil & Gas Refining &           2.58
           Rafineleri AS                   Marketing

For information please contact David Bliss/Will Rogers at UBS Limited (0207 567
8000). 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. These figures have
been prepared by Franklin Templeton Investments and are their sole
responsibility.

Date: 4th January 2006

End of Announcement.




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