Transaction in Own Shares

Templeton Emerging Markets IT PLC
11 October 2007


                Templeton Emerging Markets Investment Trust PLC


Templeton Emerging Markets Investment Trust PLC announces that, on 10th October
2007, it bought for cancellation 800,000 ordinary shares in the market at an
average price of GBP4.48 per ordinary share. There remain 483,412,025 shares in
issue.


For information please contact UBS (Corporate Broker) Joe Winkley or Mark
Reynolds on + 44 (0) 20 7567 8000.



END OF ANNOUNCEMENT






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