CIT Clarifies Status of Pending TLGP Application

NEW YORK--(Business Wire)--
CIT Group Inc. (NYSE: CIT), a leading provider of financing to small businesses
and middle market companies, in response to recent media reports regarding its
pending Temporary Liquidity Guarantee Program (TLGP) application with the FDIC,
confirmed that its application to participate in the TLGP remains outstanding.
CIT continues to be in active dialogue with the government. There can be no
assurance that CIT's application will be approved by the FDIC, nor as to the
timing or terms of any such determination.

About CIT

CIT (NYSE: CIT) is a bank holding company with more than $60 billion in finance
and leasing assets that provides financial products and advisory services to
small and middle market businesses. Operating in more than 50 countries across
30 industries, CIT provides an unparalleled combination of relationship,
intellectual and financial capital to its customers worldwide. CIT maintains
leadership positions in small business and middle market lending, retail
finance, aerospace, equipment and rail leasing, and vendor finance. Founded in
1908 and headquartered in New York City, CIT is a member of the S&P 500 and
Fortune 500. www.cit.com

CIT MEDIA RELATIONS:
C. Curtis Ritter, 212-461-7711
Vice President
Director of External Communications & Media Relations
Curt.Ritter@cit.com
or
CIT INVESTOR RELATIONS:
Ken Brause, 212-771-9650
Executive Vice President
ken.brause@cit.com

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