Transaction in Own Shares

Templeton Emerging Markets IT PLC
17 July 2007


Templeton Emerging Markets Investment Trust PLC

Templeton Emerging Markets Investment Trust PLC announces that, on 17th July
2007, it bought for cancellation 1,000,000 ordinary shares in the market at an
average price of 404.5p per ordinary share. There remain 495,269,052 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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