Net Asset Value(s)

Templeton Emerging Markets IT PLC
18 December 2007






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 as at 17th December 2007 was £2,348m,
representing NAV of 493.34 pence per share.

In accordance with the Association of Investment Companies recommendations, the
NAV has been calculated based only on the capital value of underlying assets,
excluding accumulated or accrued income, and using bid price information
relating to the underlying assets. The valuation of the assets is as at each
local market close; no adjustment is required for changes in the fair value of
these assets as at US close on the trading day before this announcement.


Fair valuing adjustments are only applied where they are material to the NAV.


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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