CIT Announces Fourth Quarter 2000 Earnings Date, Conference Call and Web Cast.

Business Editors

NEW YORK--(BUSINESS WIRE)--Jan. 18, 2001

The CIT Group, Inc. (NYSE:CIT, TSE:CIT.U and Exchangeable Shares: TSE:CGX.U) today announced that it will report fourth quarter earnings on Thursday, January 25, 2001.

Additionally, the company plans to hold a conference call and simultaneous Web cast at 11:00 a.m. EST on January 25 to discuss the company's fourth quarter and fiscal year end operating results. 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: 593740

-- International: [phone] Confirmation Code: 593740

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 audio software.

Following its completion, a replay of the call can be accessed 90 minutes after the call on the Internet via www.cit.com or by calling in the U.S. [phone] or internationally [phone] using the passcode 593740 available until January 29, 2001.

About CIT:

With over $50 billion in managed assets, CIT is a leading diversified finance company offering vendor, equipment, commercial, factoring, consumer and structured financing capabilities. CIT operates extensively in the United States and Canada with strategic locations in Europe, Latin and South America, and the Pacific Rim. CIT has been in business since 1908 and is recognized as a leader in many of the markets it serves. For more information on CIT, visit the Web site at www.cit.com.