Ann: OFFICE: TEM: Templeton Emerging Markets Investment Trust PLC

• Release Date: 14/07/15 08:30
• Summary: OFFICE: TEM: Templeton Emerging Markets Investment Trust PLC
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					TEM
14/07/2015 08:30
OFFICE
NOT PRICE SENSITIVE
REL: 0830 HRS Templeton Emerging Markets Plc

OFFICE: TEM: Templeton Emerging Markets Investment Trust PLC

TEMPLETON EMERGING MARKETS INVESTMENT TRUST PLC
Mr. Carlos Hardenberg named as lead portfolio manager

The Board of Templeton Emerging Markets Investment Trust PLC1 (TEMIT)
announces that, with effect from 1 October 2015 and subject to regulatory
approvals, Mr. Carlos Hardenberg, senior vice president and managing
director, Templeton Emerging Markets Group will be named lead portfolio
manager of TEMIT working alongside Dr. J. Mark Mobius, executive chairman of
Templeton Emerging Markets Group, who remains as a portfolio manager on the
fund.  Mr. Hardenberg will relocate to London.

In addition, Mr. Chetan Sehgal, executive vice president and managing
director, Templeton Emerging Markets Group will continue to serve as senior
research analyst on the investment team.  Both Mr. Hardenberg and Mr. Sehgal
sit on the Executive Committee of the Templeton Emerging Markets Group and
have considerable research and investment expertise in emerging markets. They
have served with Templeton Emerging Markets Group for 13 years and 20 years
respectively.

The portfolio managers of TEMIT are further supported by the entire Templeton
Emerging Markets team of 53 dedicated portfolio managers and analysts located
across 18 Franklin Templeton offices around the world.

In his current role as executive chairman, Dr. Mobius continues to lead the
Templeton Emerging Markets Group which adheres to the time tested Templeton
investment philosophy of bottom up, long-term, value oriented emerging
markets investing. He remains fully engaged in the team's research and
investment activities.

Dr. Mobius commented: "The Templeton Emerging Markets Group routinely reviews
portfolio management assignments and makes changes based on what we believe
is in the best interests of our clients.  The Group and I also continuously
evaluate how to bring out the best from our investment talent. The
appointment of Mr. Hardenberg as lead portfolio manager with continued
support by Mr. Sehgal as senior research analyst on TEMIT, is an
acknowledgment of their significant contributions to the Templeton Emerging
Markets team and TEMIT's desire to benefit from a more dedicated application
of their considerable skills to the TEMIT portfolio."

Peter Smith, Chairman of Templeton Emerging Markets Investment Trust PLC,
commented:
"Under the Templeton Emerging Markets Group, TEMIT has grown to be the
largest emerging market investment trust in the AIC Investment Trust - Global
Emerging Markets sector, with assets under management of ?1.9 billion1.  We
believe that the appointment of Carlos Hardenberg as lead portfolio manager,
supported by Mark Mobius and Chetan Sehgal, will provide renewed focus for
the next stage in the Company's development."

- ENDS -

Notes to Editors:
1. Templeton Emerging Markets Investment Trust PLC (TEMIT) is an investment
company listed on the London and New Zealand Stock Exchanges.  It aims to
invest in companies based primarily in emerging markets or deriving a
significant amount of revenue from emerging markets, with the aim of delivery
capital growth to shareholders over the long-term.  TEMIT launched in 1989
and is one of the first dedicated emerging markets funds in the UK to offer
access to some of the fastest growing economies around the world.  Today,
over 25 years later, the fund has grown to be the largest emerging market
investment trust in the UK, with asset under management of ?1.9 billion as of
31 May 2015.

2. Templeton Asset Management Ltd (TAML) is a subsidiary of Franklin
Resources, Inc. which is one of the world's largest asset management
companies. TAML is a pioneer of emerging market investment, having created
one of the first dedicated emerging market mutual funds more than 25 years
ago. As of 31 May 2015, the Templeton Emerging Markets Group managed approx.
US$ 39 billion in emerging markets assets for retail, institutional and
professional investors across the globe. The Templeton Emerging Markets
Group, headed by Dr. Mark Mobius, is one of the largest of its kind.

3. Franklin Resources, Inc. [NYSE:BEN] is a global investment management
organization operating as Franklin Templeton Investments. Franklin Templeton
Investments provides global and domestic investment management to retail,
institutional and sovereign wealth clients in over 150 countries. Through
specialized teams, the Company has expertise across all asset
classes--including equity, fixed income, alternative and custom solutions.
The Company's more than 600 investment professionals are supported by its
integrated, worldwide team of risk management professionals and global
trading desk network.  With offices in 35 countries, the California-based
company has more than 65 years of investment experience and over $888 billion
in assets under management as of 31 May 2015. For more information, please
visit www.franklintempleton.co.uk

4. Biographies:

Dr. J. Mark Mobius
Mark Mobius, Ph.D., executive chairman of Templeton Emerging Markets Group,
currently directs 50 analysts based in Franklin Templeton's 18 emerging
markets offices and manages the emerging markets portfolios. Dr. Mobius has
spent more than 40 years working in emerging markets all over the world. He
joined Franklin Templeton in 1987 as president of the Templeton Emerging
Markets Fund, Inc.

Mr. Carlos Hardenberg
Mr. Carlos Hardenberg is senior vice president, managing director Turkey, and
the Director of Frontier Markets Strategy for the Templeton Emerging Markets
Group. In this capacity, he is responsible for setting the overall strategy
for his respective area, providing guidance and thought leadership,
coordinating appropriate resources and coverage, and leveraging the group's
expertise to add value across products within the strategy.

Prior to joining Franklin Templeton in 2002, Mr. Hardenberg was an analyst in
the Corporate Finance Department for Bear Stearns International in London. He
entered the financial services industry in 1999.

Mr. Hardenberg holds a M.Sc., with distinction, in investment management from
London City University Business School (UK) and a B.Sc., with honors, in
business studies from the University of Buckingham (UK). He speaks German,
English and Spanish.

Mr. Chetan Sehgal

Mr. Chetan Sehgal is an executive vice president, managing director India and
chief investment officer, and the Director of Small Cap Strategy for the
Templeton Emerging Markets Group. In this capacity, he is responsible for
setting the overall strategy for his respective area, providing guidance and
thought leadership, coordinating appropriate resources and coverage, and
leveraging the group's expertise to add value across products within the
strategy.

Prior to joining Franklin Templeton, Mr. Sehgal was a senior ratings analyst
for the Credit Rating Information Services of India, Ltd.
Mr. Sehgal earned a B.E. mechanical (honors) from University of Bombay and a
post-graduate diploma in management from the Indian Institute of Management
in Bangalore, where he specialized in finance and business policy and
graduated as an institute scholar.  Mr. Sehgal speaks English and Hindi and
is a Chartered Financial Analyst (CFA) Charterholder.

For further information:

Franklin Templeton Investments -Stephen Westwood
Templeton Emerging Markets Investment Trust PLC - Peter Smith 07533 178381
0131 242 4127

Winterflood Investment Trusts, Corporate Broker
Joe Winkley
Neil Langford
020 3100 0000
End CA:00266956 For:TEM    Type:OFFICE     Time:2015-07-14 08:30:25