Transaction in Own Shares

Templeton Emerging Markets IT PLC
12 November 2007


                Templeton Emerging Markets Investment Trust PLC


Templeton Emerging Markets Investment Trust PLC announces that, on 12th November
2007, it bought for cancellation 1,651,063 ordinary shares in the market at an
average price of GBP4.361389 per ordinary share. There remain 480,560,099 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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