Holding(s) in Company

Templeton Emerging Markets IT PLC
05 September 2007


Form TR-1 with annex. FSA Version 2.1 updated April 2007

For filings with the FSA include the annex
For filings with issuer exclude the annex

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying    Templeton Emerging Markets
issuer of existing shares to which voting      Investment Trust PLC
rights are attached:                           

2. Reason for notification (yes/no)

                                                              
An acquisition or disposal of voting rights                        Yes

An acquisition or disposal of financial instruments which may      NO
result in the acquisition of shares already issued to which voting 
rights are attached

An event changing the breakdown of voting rights                   NO

Other (please specify):______________                              NO

3. Full name of person(s) subject to    City of London Investment Management
notification obligation:                Company Limited

4. Full name of shareholder(s) (if
different from 3):                      

5. Date of transaction (and date on     31st August, 2007
which the threshold is crossed or       
reached if different):

6. Date on which issuer notified:       4th September, 2007

7. Threshold(s) that
is/are crossed or
reached:                                15 %



8: Notified Details
A: Voting rights attached to shares
Class/    Situation previous to    Resulting situation after the triggering
type of   the triggering           transaction
shares    transaction
If
possible  Number of  Number of     Number  Number of voting      Percentage of
use ISIN  shares     voting rights of      rights                voting rights
code                               shares  Direct   Indirect     Direct Indirect
GB0008829292 74,090,793  74,090,793               73,047,793             15.01%

B: Financial Instruments
Resulting situation after the triggering transaction
Type of     Expiration Exercise/     No. of voting rights that may   Percentage
financial   date       conversion    be acquired (if the instrument  of voting
instrument             period/date   exercised/converted)            rights



Total (A+B)
Number of voting rights              Percentage of voting rights
73,047,793                           15.001 %


9. Chain of controlled undertakings through which the voting rights and /or the
financial instruments are effectively held, if applicable:
All Voting Rights on all Shares are controlled by City of London Investment
Management Limited.

Proxy Voting:


10. Name of proxy holder:                  Held through City of London
                                           Investment Management Limited
11. Number of voting rights proxy holder
will cease to hold:

12. Date on which proxy holder will cease
to hold voting rights:

13. Additional information:

14 Contact name:                            Jay McKenna

15. Contact telephone name:                 [e-mail]
                                            001-610-380-0121




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