Transaction in Own Shares

Templeton Emerging Markets IT PLC
26 March 2008


                Templeton Emerging Markets Investment Trust PLC



Templeton Emerging Markets Investment Trust PLC announces that, on 26th March
2008, it bought for cancellation 450,000 ordinary shares in the market at an
average price of GBP3.951938 per ordinary share. There remain 472,681,216 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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