Net Asset Value(s)

Templeton Emerging Markets IT PLC
04 July 2006


Templeton Emerging Markets Investment Trust PLC ("TEMIT")

Correction

It has been identified that the figures quoted in the weekly NAV releases made
to the London and New Zealand Stock Exchanges by Franklin Templeton Investment
Management Limited on behalf of Templeton Emerging Markets Investment Trust PLC
for the unaudited ex-income NAV figures for TEMIT as at 1st September 2005
through to the 23rd June 2006 have been misstated.

The misstatements were due to an error in the ex-income NAV calculation for this
period whereby an additional amount in respect of the previous year's income was
deducted in error from the total cum income NAV.

This has resulted in understating ex-income NAV throughout the period by 3.17
pence which represents 1.16% of the NAV as at 23rd June 2006. This has been
corrected and reflected in the 30th June 2006 ex-income NAV as released to the
market today.

The impact as at 23rd June 2006 was as follows:

Original unaudited ex-income NAV as at 23rd June 2006 271.61pence
Correct unaudited ex-income NAV as at 23rd June 2006  274.78pence

The cum-income NAV which was 280.04 pence as at 23rd June 2006 was correct and
has been correct throughout the period of the error.

For information, please contact Client Dealer Services on freephone 0800 305 306
or Sara MacIntosh (Company Secretary) on 0131 242 4000.

End of Announcement.



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