CIT PROVIDES FINANCING TO DUBAI AEROSPACE ENTERPRISE

NEW YORK – January 8, 2013 – CIT Group Inc. (NYSE: CIT), a global leader in aircraft finance, today announced that CIT Aerospace provided a $35 million pari-passu bullet loan to Dubai Aerospace Enterprise (DAE) to finance its factory delivery of one Boeing 777-200LRF. This is the second financing transaction CIT completed with DAE in 2012.

The financing was provided by CIT Bank, a wholly-owned subsidiary of CIT. Additionally, National Bank of Abu Dhabi (NBAD) provided a pari-passu amortizing loan for this financing. Additional terms of the transaction were not disclosed.

“We are delighted that DAE Ltd has selected to work with CIT Aerospace again,” said John Morabito, Senior Vice President, CIT Aerospace, Financial Institutions Group. “Our ability to provide a long term bullet loan for DAE Ltd demonstrates the value we can deliver to the market, and we are happy to partner on our first transaction with NBAD. This loan concludes a successful year for CIT Aerospace and we’ll look to increase our loan portfolio in 2013.”