Transaction in Own Shares

Templeton Emerging Markets IT PLC
14 March 2008


                Templeton Emerging Markets Investment Trust PLC


Templeton Emerging Markets Investment Trust PLC announces that, on 14th March
2008, it bought for cancellation 445,518 ordinary shares in the market at an
average price of GBP3.968217 per ordinary share. There remain 473, 630,144
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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