Shares in Issue

Templeton Emerging Markets IT PLC
06 October 2004


Templeton Emerging Markets Investment Trust PLC ("the Company")

The Company announces that following the listing today of 92,570,530 ordinary
shares following the final exercise of warrants there are currently 535,981,593
shares in issue.



For information please contact David Bliss/Will Rogers 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.




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