CIT Announces Date for 2001 First Quarter Earnings Release, Conference Call and Web Cast.

Business Editors

NEW YORK--(BUSINESS WIRE)--April 12, 2001

The CIT Group, Inc. (NYSE:CIT, TSE:CIT.U and Exchangeable Shares: TSE:CGX.U) today announced that it will report first quarter earnings on Thursday, April 26, 2001.

Additionally, Albert R. Gamper, Jr., CIT Chairman, President and CEO, and Joseph M. Leone, CIT Executive Vice President and Chief Financial Officer, will host a conference call and live Web cast with visuals on Thursday, April 26 at 11:00 a.m. EDT to discuss the company's first quarter results and provide a general update on its business. Both the call and Web cast are open to the general public. The conference call is available at the following numbers:

--  United States: [phone]       Confirmation Code: 454217

--  International: [phone]       Confirmation Code: 454217

Interested parties may also access the live call on the Internet at: www.cit.com. Please go to the Web site at least 15 minutes before the broadcast to register, download and install any necessary software. CIT's Web cast will also feature visuals to accompany the audio portion of the conference call.

Following its completion, a replay of the call can be accessed 90 minutes after the live call is completed on the Internet via www.cit.com or by calling in the U.S. [phone] or internationally [phone] using the passcode 454217 available through Monday, April 30, 2001.

About CIT:

CIT is a leading, global source of financing and leasing capital and an advisor for companies in more than 30 industries. Managing more than $50 billion in assets across a diversified portfolio, CIT is the trusted financial engine empowering many of today's industry leaders and emerging businesses, offering vendor, equipment, commercial, factoring, consumer and structured financing capabilities. Founded in 1908, CIT operates extensively in the United States and Canada with strategic locations in Europe, Latin and South America, and the Pacific Rim. For more information on CIT, visit the Web site at www.cit.com.