Transaction in Own Shares

Templeton Emerging Markets IT PLC
23 August 2007


                Templeton Emerging Markets Investment Trust PLC


Templeton Emerging Markets Investment Trust PLC announces that, on 23rd August
2007, it bought for cancellation 2,682,969 ordinary shares in the market at an
average price of GBP3.62663 per ordinary share. There remain 489,195,149 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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