Transaction in Own Shares

Templeton Emerging Markets IT PLC
29 May 2007


Templeton Emerging Markets Investment Trust PLC

Templeton Emerging Markets Investment Trust PLC announces that, on 29th May
2007, it bought for cancellation 580,958 ordinary shares in the market at an
average price of GBP3.481505 per ordinary share. There remain 528,823,957 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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