Transaction in Own Shares

Templeton Emerging Markets IT PLC
17 March 2008


                Templeton Emerging Markets Investment Trust PLC



Templeton Emerging Markets Investment Trust PLC announces that, on 17th March
2008, it bought for cancellation 398,928 ordinary shares in the market at an
average price of GBP3.839976 per ordinary share. There remain 473,231,216 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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