Net Asset Value(s)

Templeton Emerging Markets IT PLC
26 October 2006


Templeton Emerging Markets Investment Trust PLC ("TEMIT")


On behalf of TEMIT, Franklin Templeton Investment Management Limited announces
that from 1 November 2006 the unaudited net asset value ("NAV") of TEMIT will be
published daily. Currently the NAV is published weekly. As part of the move to
daily reporting, NAV will be calculated based only on the capital value of
underlying assets, excluding accumulated or accrued income. NAV will also be
calculated using bid price information relating to the underlying assets as at
market close on the trading day before the announcement. The current practice in
relation to the weekly NAV announcement uses mid price information. This
methodology is in accordance with Association of Investment Companies
recommendations.


For information please contact Client Dealer Services on freephone 0800 305 306
or Joe Winkley 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. End of Announcement.



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