Net Asset Value(s)

RNS Number : 1896X

Templeton Emerging Markets IT PLC

20 June 2008

 

Templeton Emerging Markets Investment Trust PLC ("TEMIT")

On behalf of TEMIT, Franklin Templeton Investment Management Limited reports the unaudited cum-income net asset value ("NAV") of TEMIT as at 19th June 2008 was £1,518m, representing a NAV of 458.89 pence per share.

The unaudited ex-income NAV of TEMIT as at 19th June 2008 was £1,487m, representing a NAV of 449.51 pence per share.

In accordance with the Association of Investment Companies recommendations, the cum-income NAV has been calculated based on the total value of underlying assets, including accumulated or accrued income, and using bid price information relating to the underlying assets. The ex-income NAV has been calculated based on the total value of underlying assets, excluding these income elements, and using bid price information relating to the underlying assets.

The NAV of TEMIT is calculated daily at US close of markets using the latest available closing bid prices in each market of investment.  However, where appropriate, these prices are adjusted to a fair value basis having regard to a range of market triggers and proxies.

There was no material fair value adjustment of the assets as at US close to report for today's NAVs.

Following previous AIC recommendations the ex-income NAV was not published after 31 May. This information is now provided below:

02 June 2008            493.86p

03 June 2008            484.72p

04 June 2008            477.36p

05 June 2008            481.63p

06 June 2008            474.04p

09 June 2008            470.58p

10 June 2008            459.77p

11 June 2008            453.24p

12 June 2008            453.17p

13 June 2008            454.01p

16 June 2008            455.83p

17 June 2008            460.69p

18 June 2008            459.30p

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 Investment and are their sole responsibility.

End of Announcement

 

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