Net Asset Value(s)

Templeton Emerging Markets IT PLC
23 October 2006





Templeton Emerging Markets Investment Trust PLC ("TEMIT")


Correction Historic NAV Announcement


Following the correction announcement made on Tuesday 17th October 2006 the most
up to date TEMIT weekly net asset value ("NAV") information available for
publication has been announced.


It has subsequently been identified that the 6th October 2006 NAV figures stated
in the weekly release made on Tuesday 10th October 2006 to the London and New
Zealand Stock Exchanges by Franklin Templeton Investment Management Limited on
behalf of TEMIT were also misstated. The misstatement was not material.


The corrected NAV figures of TEMIT as at 6th October 2006 are as follows:-

NAV (Cum-Income)                              304.45 pence

NAV (Ex-Income)                               302.11 pence

The incorrect figures previously stated were NAV(Cum-Income) 303.34 pence and
NAV (Ex-Income) 301.12 pence respectively.



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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