Transaction in Own Shares

Templeton Emerging Markets IT PLC
01 June 2007


Templeton Emerging Markets Investment Trust PLC

Templeton Emerging Markets Investment Trust PLC announces that, on 1st June
2007, it bought for cancellation 208,170 ordinary shares in the market at an
average price of GBP3.537649 per ordinary share. There remain 527,390,787 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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