Transaction in Own Shares

Templeton Emerging Markets IT PLC
05 July 2007


Templeton Emerging Markets Investment Trust PLC

Templeton Emerging Markets Investment Trust PLC announces that, on 5th July
2007, it bought for cancellation 2,892,608 ordinary shares in the market at an
average price of 387.7067p per ordinary share. There remain 506,230,640 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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