Transaction in Own Shares

Templeton Emerging Markets IT PLC
23 October 2007


                Templeton Emerging Markets Investment Trust PLC



Templeton Emerging Markets Investment Trust PLC announces that, on 22nd October
2007, it bought for cancellation 431,445 ordinary shares in the market at an
average price of GBP4.370033 per ordinary share. There remain 482,980,580 shares
in issue.


For information please contact UBS (Corporate Broker) Joe Winkley or Mark
Reynolds on + 44 (0) 20 7567 8000.



END OF ANNOUNCEMENT






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