Transaction in Own Shares

Templeton Emerging Markets IT PLC
24 July 2007


Templeton Emerging Markets Investment Trust PLC

Templeton Emerging Markets Investment Trust PLC announces that, on 24th July
2007, it bought for cancellation 317,804 ordinary shares in the market at an
average price of GBP4.03972 per ordinary share. There remain 494,951,248 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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