CIT Group Incorporated

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CIT Group Inc., a leading global commercial and consumer finance company, provides clients with financing and leasing products and advisory services. Founded in 1908, CIT has more than $74 billion in managed assets and possesses the financial resources, industry expertise and product knowledge to serve the needs of clients across approximately 30 industries worldwide. CIT, a Fortune 500 company and a member 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, CIT has more than 7,300 employees in locations throughout North America, Europe, Latin America, and Asia Pacific.

CIT was formerly a subsidiary of Tyco Corporation until June 2002 when Tyco divested the business. It is thought Tyco divested CIT in order to meet its liquidity needs and to separate CIT from the negative publicity the parent was receiving at the time due to corporate scandals and allow CIT to grow unfettered.

Clients range from homeowners to small businesses to many of the worlds' largest and most respected multinational corporations. CIT does business with more than 80% of the Fortune 1000. Its near-century of growth and broad market leadership has been fueled by a balanced credit and risk management culture, product and portfolio diversification and specialization, an experienced corporate management team, and an unyielding focus on meeting our clients needs.

CIT's Commercial Finance business offers clients a wide range of secured lending, leasing and factoring products including direct loans and leases, operating leases, leveraged and single investor leases, secured revolving lines of credit and term loans, credit protection, accounts receivable collection, import and export financing, debtor-in-possession and turnaround financing, and acquisition and expansion financing. Commercial Finance also includes Investment Banking Advisory services including M&A advisory services, cash flow products, syndication and securitization, commercial real estate.

CIT's Specialty Finance (consumer) business consists of home lending, student loans, vendor financing, small business loans, small/mid ticket product leasing and global insurance services.

In recent months, CIT has fostered the rapid rise of several female financial executives, including Christine Reilly, president of small business lending, Kris Snow, president of vendor Americas, Nancy Foster, chief credit and risk officer, and Myrna Barakat, senior vice president of corporate strategy.