Holding(s) in Company

Templeton Emerging Markets IT PLC
23 May 2005


                                  SCHEDULE 10

                   NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

Templeton Emerging Markets Investment Trust PLC

2) Name of shareholder having a major interest

City of London Investment Management Company Limited

3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it is a
holding of that person's spouse or children under the age of 18

as in 2)above

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them

Mellon UK Nominees Ltd A/C BSDTUSD (The Emerging Markets Country Fund)
= 19,070,568 Ordinary Shares

State Street Bank and Trust Company (Jap & Co) = 1,588,632 Ordinary Shares

State Street Bank and Trust Company (Airhorn & Co) = 3,971,579 Ordinary Shares

Mellon UK Nominees Ltd A/C BSDTUSD (Investable Emerging Markets Country Fund) =
10,705,162 Ordinary Shares

Mellon UK Nominees Ltd A/C BSDTUSD (Emerging (Free) Markets Country Fund) =
4,320,000 Ordinary Shares

Mellon UK Nominees Ltd A/C BSTDCAD (GFM Emerging Markets Country Fund) = 651,000
Ordinary Shares

Mellon UK Nominees Ltd A/C BSDTOMN (The Emerging World Fund, sub fund of World
Emering Markets Umbrella Fund PLC) = 1,464,000 Ordinary Shares

State Street Bank and Trust Company (Monteray & Co) = 8,348,000 Ordinary Shares

Mellon UK Nominees Ltd A/C BSDTUSD (Barn)= 3,035,000 Ordinary Shares

The Northern Trust Co (The Focus Fund) = 785,000 Ordinary Shares

5) Number of shares/amount of stock acquired

Not disclosed

6) Percentage of issued class

Not disclosed

7) Number of shares/amount of stock disposed

Not Applicable

8) Percentage of issued class

Not Applicable

9) Class of security

Ordinary 25p Shares

10) Date of transaction

Not disclosed

11) Date company informed

23rd May 2005

12) Total holding following this notification

53,938,941

13) Total percentage holding of issued class following this notification

10.06%

14) Any additional information

None

15) Name of contact and telephone number for queries

Barbara McFarlane - 0131 242 4129

16) Name and signature of authorised company official responsible for
making this notification

Barbara McFarlane, Company Secretarial Assistant for Franklin Templeton
Investment Management Limited, Secretaries to Templeton Emerging Markets
Investment Trust PLC

Date of notification 23rd May 2005


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