Transaction in Own Shares

Templeton Emerging Markets IT PLC
24 September 2007


                Templeton Emerging Markets Investment Trust PLC



Templeton Emerging Markets Investment Trust PLC announces that, on 24th
September 2007, it bought for cancellation 178,657 ordinary shares in the market
at an average price of GBP4.209679 per ordinary share. There remain 485,075,633
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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