Proposed Stock Split

Stock Exchange Announcement
Templeton Emerging Markets Investment Trust PLC

Share Split and Total Voting Rights

Legal Entity Identifier 5493002NMTB70RZBXO96



Templeton Emerging Markets Investment Trust PLC (the 'Company') today
announces further details of the previously announced sub-division (the 'Share
Split') of each ordinary share of 25p each ('Existing Ordinary Share') into 5
ordinary shares of 5p each ('New Ordinary Shares'), subject to the approval of the
Share Split at the Company's Annual General Meeting ('AGM'), which will be held
on Thursday, 8 July 2021.

The Share Split is also conditional on the New Ordinary Shares being admitted to
the Official List of the Financial Conduct Authority and to trading on the London
Stock Exchange's main market for listed securities. Applications for such admissions
(the 'Admission Applications') are being made and it is expected that such
admissions will become effective, and that dealings in the New Ordinary Shares will
commence, at 8.00am on Monday, 26 July 2021, at which time the Share Split will
become effective. The last day of trading in the Existing Ordinary Shares is expected
to be Friday, 23 July 2021 and the record date for the Share Split is 6.00pm on that
date (the 'Record Date').

Shareholders will receive 5 New Ordinary Shares in exchange for each Existing
Ordinary Share held at the Record Date. CREST accounts are expected to be credited
with New Ordinary Shares on Monday, 26 July 2021 and share certificates in respect
of the New Ordinary Shares are expected to be posted to shareholders no later than
Monday, 9 August 2021.

The New Ordinary Shares will have a new ISIN and SEDOL, as follows:
New ISIN: GB00BKPG0S09
New SEDOL: BKPG0S0

The ticker for the New Ordinary Shares will remain the same as the ticker for the
Existing Ordinary Shares (TEM). The New Ordinary Shares will rank pari passu
with each other and will be subject to the same rights and restrictions as the Existing
Ordinary Shares. Subject to the proposed resolution being approved by shareholders
at the AGM, with effect from such approval each Existing Ordinary Share will have
one vote per share on a poll. Each New Ordinary Share will also have one vote per
share on a poll. A holding of New Ordinary Shares following the Share Split will
represent the same proportion of the issued ordinary share capital of the Company

as the corresponding holding of Existing Ordinary Shares immediately prior to the
Share Split.

The Company currently has 236,245,731 Existing Ordinary Shares in issue
(20,765,179 of which are held in treasury). On this basis, in accordance with the
Financial Conduct Authority's ('FCA') Disclosure Guidance and Transparency Rule
5.6, the Company advises that, following the completion of the Share Split, as at 26
July 2021 the Company will have 1,181,228,655 New Ordinary Shares in issue
(assuming no further shares are issued by the Company prior to the Share Split).

For New Zealand

In order for the Share Split to be processed and for trading on the NZX Main Board
to continue, a temporary ticker code (TEMZ) with the new ISIN will be created.
(TEMZ) will be used from the commencement of trading on Thursday, 22 July 2021
until close of trading on Friday, 23 July 2021. On Monday, 26 July 2021, trading
will resume using the original ticker code (TEM) with the new ISIN continuing to
be used. At this time, trading in the (TEMZ) temporary ticker code will cease.

Enquiries

For further information please e-mail temitcosec@franklintempleton.com or contact
Client Dealer Services at Franklin Templeton on free phone 0800 305 306, +44 (0) 20
7073 8690 for overseas investors, or e-mail enquiries@franklintempleton.co.uk.