CORRECTING and REPLACING CIT Declares Quarterly Dividend

First paragraph, second sentence of release should read: The common stock dividend is payable on August 28, 2015 to common shareholders of record as of August 14, 2015 (instead of: The common stock dividend is payable on August 14, 2015 to common shareholders of record as of August 28, 2015).

The corrected release reads:

CIT DECLARES QUARTERLY DIVIDEND

CIT Group Inc. (NYSE:CIT), a leading provider of commercial lending and leasing services, today announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per common share on its outstanding common stock. The common stock dividend is payable on August 28, 2015 to common shareholders of record as of August 14, 2015.

EDITOR’S NOTE:

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About CIT

Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $35 billion in financing and leasing assets. It provides financing, leasing and advisory services principally to middle market companies across more than 30 industries primarily in North America, as well as equipment financing and leasing solutions to the transportation industry worldwide. Its U.S. commercial bank subsidiary, CIT Bank (Member FDIC) BankOnCIT.com, offers a variety of savings options designed to help customers achieve their financial goals. cit.com

View source version on businesswire.com: http://www.businesswire.com/news/home/20150721006648/en/

CIT MEDIA RELATIONS:C. Curtis RitterSenior Vice President of Corporate Communications(973) [e-mail] KleinVice President, Media Relations(973) [e-mail] INVESTOR RELATIONS:Barbara CallahanSenior Vice President(973) 740 [e-mail]