Appointment of Brokers

Templeton Emerging Markets IT PLC
25 June 2001





Templeton Emerging Markets Trust Appoints Cazenove as Brokers




The Board of Templeton Emerging Markets Investment Trust plc (TEMIT) is
pleased to announce that Cazenove & Co. Ltd. has been appointed as sole
financial adviser and broker.


' After conducting a comprehensive review of the market we have concluded that
Cazenove has unique strengths which will work to the advantage of TEMIT
shareholders. Cazenove has an enviable reputation which it has built up over
many years and we are looking forward to working with them,' said Nicholas
Brady, Chairman.


Templeton Emerging Markets Investment Trust was established in 1989 and with a
market capitalisation in excess of £500 million is the U.K.'s largest emerging
markets investment trust.


Enquiries:


David Land

Franklin Templeton Investments   0131 469 4000


Angus Gordon Lennox

Cazenove & Co. Ltd     0207 588 2828