Transaction in Own Shares

Templeton Emerging Markets IT PLC
31 December 2007


                Templeton Emerging Markets Investment Trust PLC


Templeton Emerging Markets Investment Trust PLC announces that, on 31st December
2007, it bought for cancellation 611,176 ordinary shares in the market at an
average price of GBP4.617162 per ordinary share. There remain 474,649,768 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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