EGM Results

Templeton Emerging Markets IT PLC
27 July 2007


                             FOR IMMEDIATE RELEASE

                                                                   27 July, 2007


                Templeton Emerging Markets Investment Trust PLC

                           ("TEMIT" or the "Company")


                                   EGM RESULT


A majority of Shareholders who voted at the EGM earlier today, voted in favour
of the Proposals regarding the capital reorganisation. However, with
approximately 63.5 per cent. voting in favour, the Company failed to achieve the
75 per cent. vote required for the Proposals to be approved.  Therefore, the
Proposals set out in the Circular to shareholders dated 3 July 2007 will not be
implemented.  Sufficient Shareholders did vote in favour (approximately 93.5 per
cent.) of renewing the Company's authority to purchase up to 14.99 per cent. of
its Ordinary Shares in issue on 26 July 2007 or 76,800,000 Ordinary Shares
(whichever is the lower amount), such authority to expire no later than the
annual general meeting of the Company to be held in 2008.


Accordingly, Special Resolution 1 at the EGM was not adopted whilst Special
Resolution 2 was duly approved and adopted.


The Board, whilst disappointed that the capital reorganisation will not now take
place, welcomes the clear majority in favour of the Proposals. The Board does
not intend to bring forward new proposals to shareholders but will continue its
new share buy-back policy.


Defined terms in this announcement have the same meaning as in the Circular to
Shareholders dated 3 July 2007.


Enquiries

ING Corporate Finance (Financial Advisor)                 + 44 (0) 20 7767 1000

Nicholas Gold

William Marle


UBS (Corporate Broker)                                    + 44 (0) 20 7567 8000

John Humphrey

Joe Winkley


Lansons (Public Relations)                                + 44 (0) 20 7490 8828

Tony Langham

Amy Fisher



This announcement has been approved solely for the purposes of Section 21 of the
Financial Services and Markets Act 2000 by ING Corporate Finance, the corporate
finance division of ING Bank N.V., London Branch, and UBS Limited.


ING Corporate Finance and UBS are acting exclusively for the Company and no one
else in relation to the matters described in this announcement and will not be
responsible to anyone other than TEMIT for providing the protections afforded to
clients of ING Corporate Finance and UBS or for giving advice in relation to
this announcement or any transaction or arrangement referred to herein. ING Bank
N.V., London Branch is authorised by the Dutch Central Bank. UBS is authorised
by the Financial Services Authority. ING Bank N.V., London Branch, and UBS
Limited are regulated by the Financial Services Authority for the conduct of
business in the United Kingdom.


This announcement does not constitute an offer or form any part of any offer or
invitation to sell or issue or purchase or subscribe for any shares in TEMIT.



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