CIT Announces Public Offering Of Senior Unsecured Notes

CIT Group Inc. (NYSE: CIT) cit.com, a leading provider of financing to small businesses and middle market companies, today announced that it has commenced an offering of senior unsecured notes due 2017 (the “2017 Notes”) and senior unsecured notes due 2022 (the “2022 Notes” and, together with the 2017 Notes, the “Notes”) in a transaction registered with the U.S. Securities and Exchange Commission (SEC). CIT plans to use the net proceeds from the offering of the Notes for general corporate purposes and the refinancing of its outstanding 7% Series C Notes due 2016 and/or 2017.

CIT has filed a registration statement with the SEC for the offering of the Notes. Before you invest, you should read the prospectus supplement and prospectus in that registration statement and other documents CIT has filed or will file with the SEC for more complete information about CIT and this offering. You may obtain these documents for free by visiting EDGAR on the SEC’s Web site at sec.gov. Alternatively, copies of the final prospectus supplement and accompanying prospectus for the offering may be obtained by contacting: BofA Merrill Lynch Syndicate Operations, 4 World Financial Center, Mail Code: NY3-004-07-09, 250 Vesey Street, 7 ^th Floor, New York, NY 10080-1305.

The Joint Book-Running Managers for the offering are BofA Merrill Lynch, Deutsche Bank Securities, Goldman, Sachs & Co. and J.P. Morgan.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities being offered have not been approved or disapproved by any regulatory authority, nor has any such authority passed upon the accuracy or adequacy of the prospectus supplements or the shelf registration statement or prospectus.

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