Transaction in Own Shares

Templeton Emerging Markets IT PLC
17 September 2007


                Templeton Emerging Markets Investment Trust PLC


Templeton Emerging Markets Investment Trust PLC announces that, on 17th
September 2007, it bought for cancellation 193,009 ordinary shares in the market
at an average price of GBP3.992055 per ordinary share. There remain 485,698,814
shares in issue.

For information please contact ING Corporate Finance (Financial Adviser)
Nicholas Gold or William Marle on + 44 (0) 20 7767 1000 or UBS (Corporate
Broker) Joe Winkley or Mark Whitfeld on + 44 (0) 20 7567 8000.



END OF ANNOUNCEMENT






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