NAV/Top Ten Holdings

Templeton Emerging Markets IT PLC
03 November 2005







           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 31st October 2005 are as
follows: -

                                                    
NAV                                                     258.84 pence(Cum-Income)
NAV                                                     253.36 pence (Ex-Income)

TEMIT's investment in emerging markets was: -

                                                           % of total assets
LATIN AMERICA
---------------
Brazil (including US listings)                                           17.65
Mexico (including US listings)                                            1.87
Peru                                                                      0.22

ASIA
------
South Korea                                                              18.65
China - Hong Kong                                                        12.42
Thailand                                                                  7.09
Taiwan                                                                    4.22
Singapore (including HK listings)                                         3.23
India                                                                     2.58
Malaysia                                                                  1.17
China                                                                     0.85
Philippines                                                               0.84
Indonesia                                                                 0.29

EUROPE
--------
Hungary                                                                   5.72
Poland                                                                    3.19
Austria                                                                   2.18
Russia (including US listings)                                            1.56
Croatia                                                                   1.28
Greece                                                                    1.25
Czech Republic                                                            0.64
United Kingdom                                                            0.54
Sweden                                                                    0.18

AFRICA (SUB-SAHARA)
---------------------
South Africa                                                              5.21
                                                                           ---

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

Turkey                                                                    7.97
Egypt                                                                     1.12

OTHER
-------

                                                     

TEMIT's current total of liquid investments, cash and
other liabilities was:-                                                  (1.92)

                                                                        100.00
                                                                        --------
                                                                             
As at 31st October 2005 TEMIT did not have any holdings in other Investment
Companies
                                                                            
Date 3rd November 2005
                                                                              







           Templeton Emerging Markets Investment Trust PLC ("TEMIT")

On behalf of TEMIT, Franklin Templeton Investment Management Limited reports at
31st October 2005, TEMIT's investment by industry class was: -

                                                                      % of total
                                                                        assets

Diversified Banks                                                        20.15
Integrated Oil & Gas                                                     12.70
Oil & Gas Refining & Marketing                                            9.47
Construction & Engineering                                                5.61
Pharmaceuticals                                                           4.27
Wireless Telecommunication Services                                       4.05
Independent Power Producers & Energy                                      4.05
Food Retail                                                               3.79
Steel                                                                     2.66
Industrial Conglomerates                                                  2.43
Marine Ports & Services                                                   2.36
Tobacco                                                                   2.10
Electric Utilities                                                        2.03
Commodity Chemicals                                                       2.01
Casinos & Gaming                                                          1.96
Soft Drinks                                                               1.71
Packaged Foods & Meats                                                    1.63
Oil & Gas Exploration & Production                                        1.55
Semiconductors                                                            1.49
Construction Materials                                                    1.36
Household Products                                                        1.24
Brewers                                                                   1.21
Multi-Sector Holdings                                                     1.15
Consumer Finance                                                          1.09
Diversified Metals & Mining                                               1.03
Construction & Farm Machinery                                             0.99
Integrated Telecommunication Services                                     0.92
Paper Products                                                            0.91
Automobile Manufacturers                                                  0.89
Aluminium                                                                 0.79
Computer Storage & Peripherals                                            0.76
Life & Health Insurance                                                   0.60
Homebuilding                                                              0.49
Household Appliances                                                      0.46
Gas Utilities                                                             0.44
Metal & Glass Containers                                                  0.32
Apparel Accessories & Luxury Goods                                        0.26
Diversified Chemicals                                                     0.24
Building Products                                                         0.24
Personal Products                                                         0.18
Industrial Machinery                                                      0.14
Food Distributors                                                         0.11
Specialty Chemicals                                                       0.08

TEMIT's current total of liquid investments, cash and
other liabilities was:-                                                  (1.92)

Date: 3rd November 2005                                                 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 31st October 2005 as follows: -

Country    Security                        Industry              % Of total net
                                                                 assets
Korea      Hyundai Development Co.         Construction &                 5.61
(South)                                    Engineering
Brazil     Banco Bradesco SA, ADR, pfd.    Diversified Banks              4.66
Brazil     Unibanco Uniao de Bancos        Diversified Banks              4.14
           Brasileiros SA, GDR
Turkey     Akbank                          Diversified Banks              4.03
China -    PetroChina Co. Ltd., H          Integrated Oil &               3.37
HK                                         Gas
Poland     Polski Koncern Naftowy Orlen    Oil & Gas Refining &           3.19
           SA                              Marketing
Korea      SK Corp.                        Oil & Gas Refining &           3.00
(South)                                    Marketing
Hungary    Gedeon Richter Ltd.             Pharmaceuticals                2.99
Turkey     Tupras-Turkiye Petrol           Oil & Gas Refining &           2.71
           Rafineleri AS                   Marketing
Hungary    MOL Magyar Olaj-Es Gazipari     Oil & Gas Refining &           2.65
           RT                              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: 3rd November 2005

End of Announcement.




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