Transaction in Own Shares

Templeton Emerging Markets IT PLC
28 September 2007


                Templeton Emerging Markets Investment Trust PLC

Templeton Emerging Markets Investment Trust PLC announces that, on 28th
September 2007, it bought for cancellation 113,608 ordinary shares in the market
at an average price of GBP4.277702 per ordinary share. There remain 484,212,025
shares in issue.

For information please contact ING Corporate Finance (Financial Adviser)
Nicholas Gold or William Marle on + 44 (0) 20 7767 1000 or UBS (Corporate
Broker) Joe Winkley or Mark Whitfeld on + 44 (0) 20 7567 8000.



END OF ANNOUNCEMENT






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