Transaction in Own Shares

Templeton Emerging Markets IT PLC
21 September 2007




                Templeton Emerging Markets Investment Trust PLC



Templeton Emerging Markets Investment Trust PLC announces that, on 20th
September 2007, it bought for cancellation 200,000 ordinary shares in the market
at an average price of GBP4.2425 per ordinary share. There remain 485,254,290
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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