Company Announcements

London, UK, 30 January 2020

Edison reviews Templeton Emerging Markets Investment Trust (TEM)

Templeton Emerging Markets Investment Trust (TEMIT) has two experienced managers - Chetan Sehgal (based in Singapore) and Andrew Ness (based in Edinburgh). In 2019, they delivered a very strong year of performance in both absolute and relative terms, and are continuing to find attractive investment opportunities across a range of sectors and geographies. The managers are able to draw on a large and well-resourced investment team that has been refreshed in recent years, seeking quality companies that can be held for the long term. Ness says that TEMIT offers a portfolio with superior growth prospects, that is trading broadly in line with its benchmark, the MSCI Emerging Markets index.

TEMIT's shares are currently trading at a 10.1% discount to cum-income NAV, which compares with the 10.1% to 12.1% range of average discounts over the last one, three, five and 10 years. The trust historically paid a single annual dividend, but now pays out twice a year in July and January. TEMIT's FY19 dividend was 6.7% higher year-on-year, and it currently yields 1.9%.

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For more information please contact Edison:

Mel Jenner, +44 (0)20 3077 5720

Sarah Godfrey, +44 (0)20 3681 2519

investmenttrusts@edisongroup.com

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