Net Asset Value(s)

Templeton Emerging Markets IT PLC
17 October 2006


Templeton Emerging Markets Investment Trust PLC ("TEMIT")


Correction NAV Announcement


It has been identified that the NAV ex-income figure quoted in the weekly NAV
release made today to the London and New Zealand Stock Exchanges by Franklin
Templeton Investment Management Limited on behalf of Templeton Emerging Markets
Investment Trust PLC as at 13th October 2006 was misstated.


The corrected unaudited ex-income net asset value ("NAV") of TEMIT as at 13th
October 2006 is as follows:-

NAV (Ex-Income)                              313.23 pence



For information, please contact Client Dealer Services on freephone 0800 305 306
or Joe Winkley at UBS Limited on 0207 567 8000.


End of Announcement.



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