Transaction in Own Shares

Templeton Emerging Markets IT PLC
24 October 2007


                Templeton Emerging Markets Investment Trust PLC


Templeton Emerging Markets Investment Trust PLC announces that, on 24th October
2007, it bought for cancellation 440,000 ordinary shares in the market at an
average price of GBP4.458318 per ordinary share. There remain 482,540,580 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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