Transaction in Own Shares

Templeton Emerging Markets IT PLC
05 September 2007


                Templeton Emerging Markets Investment Trust PLC

Templeton Emerging Markets Investment Trust PLC announces that, on 5th September
2007, it bought for cancellation 250,000 ordinary shares in the market at an
average price of GBP3.884837 per ordinary share. There remain 486,391,823 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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