Templeton Emerging Markets Investment Trust PLC (“TEMIT”)

TEMPLETON EMERGING MARKETS INVESTMENT TRUST PLC
Directors:
Paul Manduca (Chairman)
Christopher D Brady
Hamish N Buchan
David Graham
Peter O Harrison
Beatrice Hollond
Simon Jeffreys
Greg Johnson
TEMPLETON EMERGING MARKETS INVESTMENT TRUST PLC
REGISTERED IN SCOTLAND, NO. SC 118022
REGISTERED OFFICE: 5 MORRISON STREET, EDINBURGH EH3 8BH
AN INVESTMENT COMPANY WITHIN THE MEANING OF SECTION 833 OF THE COMPANIES ACT 2006
5 Morrison Street
Edinburgh EH3 8BH
Client Dealer Services
Freephone: 0800 305 306
Tel: +44 (0) 20 7073 8690
Fax: +44 (0) 20 7073 8701
E-mail: enquiries@franklintempleton.co.uk
www.franklintempleton.co.uk
www.temit.co.uk




STOCK EXCHANGE ANNOUNCEMENT
Templeton Emerging Markets Investment Trust PLC
New Credit Facility
Templeton Emerging Markets Investment Trust PLC (“TEMIT” or the “Company”)
announces that on 31 January 2017, it entered into a 3-year £150 million un-secured
multicurrency revolving loan facility with The Bank of Nova Scotia, London Branch. Under
the facility up to £150 million total may be borrowed, with drawings available in pounds
sterling, US dollars and Chinese renminbi (CNH). The maximum amount of CNH which may
be drawn down is the equivalent of GBP30 million. The Company has no other debt. If all of
the facility were to be drawn down, based on the net asset value as at close of business on 30
January 2017, gross gearing of the Company would be 7%.


Paul Manduca, Chairman of the Board commented:

“The Board of TEMIT has debated the merits of the Company borrowing with the aim of
increasing investment returns. While the Board and the investment manager recognise that
gearing increases volatility, we have concluded that it may be in shareholders’ interests to
borrow at a time when the outlook for emerging markets remains positive and interest rates
are low. The manager has been granted discretion by the Board to draw down the debt as
investment opportunities arise, subject to overall supervision by the Board.”


ENDS
For further information please contact:
Winterflood Investment Trusts (Corporate Broker) Neil Langford on + 44 (0) 20 3100 0000
Saira Khan, Franklin Templeton Investments on +44 20 7073 8550 or
saira.khan@franklintempleton.co.uk