CIT PROVIDES $40 MILLION FINANCING TO DUBAI AEROSPACE ENTERPRISE

NEW YORK – November 12, 2012 – CIT Group Inc. (NYSE: CIT), a global leader in aircraft finance today announced that it has provided a $40 million loan to Dubai Aerospace Enterprise to finance the factory delivery of one Boeing 777-200LRF on lease to Emirates Airlines.

CIT Aerospace served as Asset Tranche Lender for the transaction. The financing was provided by CIT Bank, a wholly-owned subsidiary of CIT. NordLB served as the Credit Tranche Lender. Additional terms of the transaction were not disclosed.

“This long-dated, asset tranche further demonstrates the breadth of CIT’s global product offering to the aviation industry,” said John Morabito, Senior Vice President, CIT Aerospace – Financial Institutions Group. “We are pleased to partner with DAE Ltd in this facility, which represented a number of firsts for CIT – our first loan for a factory new delivery, our first transaction on an Emirates Airlines aircraft, and our first joint-lending with NordLB.”

Oliver Gruenke, Managing Director of NordLB`s Aviation Group, added: “It is a big pleasure for NordLB to team up with CIT Aerospace and DAE Ltd. Complementing our skills in this attractive transaction hopefully paves the way for a further cooperation with these two fine institutions.”