We show that fractional charges bound to topological defects in the recently proposed time-reversal-invariant models on honeycomb and square lattices obey fractional statistics. The effective low-energy description is given in terms of a 'doubled' level-2 Chern-Simons field theory, which is parity and time-reversal invariant and implies two species of semions (particles with statistical angle ±π/2) labeled by a new emergent quantum number that we identify as the fermion axial charge.Introduction -When the excitations of a many-body system carry electric charge that is smaller than the charge of its constituent particles (e.g., electrons) the charge is said to be fractionalized. This phenomenon is known to occur in the fractional quantum Hall (FQH) liquids [1], quintessential strongly correlated systems with broken time-reversal symmetry, where fractionally-charged excitations also obey fractional exchange statistics [2]. Recently, two model systems have been introduced on the honeycomb and square lattices [3,4] that exhibit charge fractionalization without breaking of the time-reversal symmetry. These models, in essence, generalize the concept of fractionalization in polyacetylene [5] to two dimensions and, remarkably, can be considered weakly correlated. The experience with FQH systems suggests that the exchange statistics of these fractionally charged excitations could be anomalous. This question is interesting for several reasons. First, a very general argument can be made [6] that would seem to prohibit the existence of anyons in systems that obey time-reversal symmetry. Second, fractional statistics have recently captured attention due to their relevance to topologically protected quantum information processing [7]. Since the honeycomb lattice is found in natural graphene [8], and the square lattice model could be realized in artificially engineered structures [9], the possibility of realizing anyons in time-reversal invariant systems has both theoretical and practical significance.In this Letter we construct the low-energy effective theory for the fractional particles in models [3,4]. We find that they are indeed anyons, albeit of a very special kind, described by a doubled U(1) 2 × U(1) 2 Chern-Simons (CS) theory previously discussed by Freedman et al. [10]. In its topological sector the theory contains two species of semions, which transform into each other under parity and time reversal, thus escaping the constraints imposed by the argument of Ref. 6. Systems under consideration here [3,4] represent the first explicit example of models for which such a gauge structure emerges as the lowenergy effective theory.Fractional charge -The low-energy theory for fermions on the graphene honeycomb lattice [11] and the square lattice threaded with π flux per plaquette [12] is the Dirac Lagrangian