Roy Keller, President of CIT Construction, to Retire

TEMPE, Ariz., Aug. 9 /PRNewswire-FirstCall/ -- CIT Group Inc. announced today that Roy Keller, president of CIT Construction, will retire on August 31, 2005 after 27 years of service at the company.

"Roy has had a remarkable career at CIT and we thank him for his many years of service and the invaluable contributions he made over the years. His distinguished expertise has helped position CIT Construction as a leading lender," said Rick Wolfert, Vice Chairman, CIT Commercial Finance. "It has been a privilege to work with Roy and we wish him continued success."

Keller joined CIT in 1978 as a district sales manager and was most recently president of CIT Construction. His responsibilities included overseeing all sales, credit and service activities for manufacturers, distributors and end users in construction, transportation, business aircraft, materials handling, energy and inland waterways industries, among others, in North America.

About CIT Construction

CIT Construction -- U.S. is a leading lessor and lender in the construction, printing, machine tools, plastics, healthcare, and manufacturing markets. Further information can be obtained at the company's website at http://www.cit.com/ or http://www.efinance-it.com/.

About CIT Group

CIT Group Inc. , a leading commercial and consumer finance company, provides clients with financing and leasing products and advisory services. Founded in 1908, CIT has nearly $60 billion in assets under management and possesses the financial resources, industry expertise and product knowledge to serve the needs of clients across approximately 30 industries. CIT, a Fortune 500 company and a component of the S&P 500 Index, holds leading positions in vendor financing, factoring, equipment and transportation financing, Small Business Administration loans, and asset-based lending. With its Global Headquarters in New York City and Corporate Offices in Livingston, New Jersey, CIT has approximately 6,000 employees in locations throughout North America, Europe, Latin and South America, and the Pacific Rim. For more information, visit http://www.cit.com/.