Transaction in Own Shares

Templeton Emerging Markets IT PLC
29 October 2007



                Templeton Emerging Markets Investment Trust PLC


Templeton Emerging Markets Investment Trust PLC announces that, on 26th October
2007, it bought for cancellation 50,000 ordinary shares in the market at an
average price of GBP4.56 per ordinary share. There remain 482,490,580 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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