Transaction in Own Shares

Templeton Emerging Markets IT PLC
14 November 2007


                Templeton Emerging Markets Investment Trust PLC

Templeton Emerging Markets Investment Trust PLC announces that, on 14th November
2007, it bought for cancellation 1,000,000 ordinary shares in the market at an
average price of GBP4.58474 per ordinary share. There remain 478,827,041 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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