Transaction in Own Shares

Templeton Emerging Markets IT PLC
16 November 2007


                Templeton Emerging Markets Investment Trust PLC



Templeton Emerging Markets Investment Trust PLC announces that, on 16th November
2007, it bought for cancellation 1,044,360 ordinary shares in the market at an
average price of GBP4.50278 per ordinary share. There remain 475,849,196 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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