Transaction in Own Shares

Templeton Emerging Markets IT PLC
12 July 2007


Templeton Emerging Markets Investment Trust PLC

Templeton Emerging Markets Investment Trust PLC announces that, on 12th July
2007, it bought for cancellation 1,784,667 ordinary shares in the market at an
average price of 390.0751p per ordinary share. There remain 497,269,052 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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