Net Asset Value(s)

Templeton Emerging Markets IT PLC
20 December 2006


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 19th December 2006 was £1,759m,
representing a NAV of 328.23 per share.


In accordance with the Association of Investment Companies recommendations, 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 as at market close on the trading day before
this announcement.


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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