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CIT To Present at the Keefe, Bruyette & Woods Diversified Financial Services Conference on June 4, 2008

CIT Group Inc (NYSE: CIT), a leading global commercial finance company, announced today that Joseph Leone, Vice Chairman and Chief Financial Officer, will participate in the Keefe, Bruyette & Woods Diversified Financial Services Conference on Wednesday, June 4, 2008, in New York. The presentation is scheduled for 10:15 AM EDT.

A live webcast of the presentation, in addition to the accompanying slides, will be available on CIT's Investor Relations web site at http://ir.cit.com. To view the presentation and listen to the live event, log on to the website approximately 15 minutes prior to the event to register and to download and install any necessary audio software.

A replay of the presentation will be available shortly following the event until 11:59 PM EDT on June 18, 2008. A copy of the presentation slides will also be accessible on CITs website.

Individuals interested in receiving future updates on CIT via e-mail can register at http://newsalerts.cit.com

About CIT

CIT (NYSE: CIT) is a global commercial finance company that provides financial products and advisory services to more than one million customers in over 50 countries across 30 industries. A leader in middle market financing, CIT has more than $80 billion in managed assets and provides financial solutions for more than half of the Fortune 1000. A member of the S&P 500 and Fortune 500, it maintains leading positions in asset-based, cash flow and Small Business Administration lending, equipment leasing, vendor financing and factoring. The CIT brand platform, Capital Redefined, articulates its value proposition of providing its customers with the relationship, intellectual and financial capital to yield infinite possibilities. Founded in 1908, CIT is celebrating its Centennial throughout 2008. www.cit.com

Contacts:

CIT Media Relations:
C. Curtis Ritter, 212-461-7711
Director of External Communications &
Media Relations
curt.ritter@cit.com
or
CIT Investor Relations:
Ken Brause, 212-771-9651
Executive Vice President and
Director Investor Relations
ken.brause@cit.com

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