Transaction in Own Shares

Templeton Emerging Markets IT PLC
20 March 2008



                Templeton Emerging Markets Investment Trust PLC

Templeton Emerging Markets Investment Trust PLC announces that, on 20th March
2008, it bought for cancellation 100,000 ordinary shares in the market at an
average price of GBP3.85 per ordinary share. There remain 473,131,216 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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