NEW YORK–(BUSINESS WIRE)–July 7, 2008–CIT Group Inc. (NYSE: CIT), a leading global commercial finance company, today announced that it served as sole lead arranger in a senior secured credit facility for Vault.com, a leading online media company focused on careers. Vault.com recently received a majority investment from Veronis Suhler Stevenson, a private equity firm focused on the media, communications and information industries with $3 billion in assets under management.

Financing for the deal was completed by CIT Communications Media & Entertainment, a unit of CIT. Terms of the transaction were not disclosed.

“We are pleased to provide the best facility for Vault.com’s working capital needs and potential add-on acquisitions,” said Ellen Marshall, Managing Director, CIT Communications, Media & Entertainment. “They have a great management team and we look forward to working with them on future transactions.”

Erik Sorenson, CEO of Vault.com, said, “With the market being so tight, we were impressed that CIT was able to complete the transaction in a short period of time. We selected CIT because the firm is dedicated to its clients and building lasting relationships.”

Individuals interested in receiving future updates on CIT via e-mail can register at http://newsalerts.cit.com.

About CIT Communications, Media & Entertainment

The Group provides creative financing solutions in the information services and technology sectors for sponsor-backed borrowers demonstrating stable cash flows and established market leadership.

About CIT

CIT (NYSE: CIT) is a global commercial finance company that provides financial products and advisory services to more than one million customers in over 50 countries across 30 industries. A leader in middle market financing, CIT has more than $80 billion in managed assets and provides financial solutions for more than half of the Fortune 1000. A member of the S&P 500 and Fortune 500, it maintains leading positions in asset-based, cash flow and Small Business Administration lending, equipment leasing, vendor financing and factoring. The CIT brand platform, Capital Redefined, articulates its value proposition of providing its customers with the relationship, intellectual and financial capital to yield infinite possibilities. Founded in 1908, CIT is celebrating its Centennial throughout 2008. www.cit.com

About Veronis Suhler Stevenson

Veronis Suhler Stevenson is a private equity and structured capital investment firm dedicated to investing in the media, communications and information sectors in North America and Europe. To date, VSS equity and structured capital funds have invested in over 60 platform companies, which have in turn completed over 250 add-on acquisitions, resulting in a $14 billion portfolio of realized and unrealized enterprise values. www.vss.com

About Vault.com Inc.

Celebrating its 12th anniversary, Vault.com Inc. is the leading media company focused on careers. Vault offers over 100 online and print books, from the best-selling Vault Guide to the Top 100 Law Firms to the Vault Guide to Schmoozing. Vault is celebrated for its online resource, www.vault.com — which offers surveys and “insider” information on more than 4,500 employers, 4,000 colleges and universities, and hundreds of industries and occupations — as well as the much-praised Electronic WaterCooler(TM), the Internet’s first-ever network of message boards for professionals with nearly 2,000,000 searchable posts. Its clients include nearly 1,000 advertisers and recruiters, over 800 universities and graduate schools, and over 100,000 consumers. Maintaining offices in New York, London, and Hong Kong, Vault was founded in 1996 by Hussam Hamadeh, Samer Hamadeh, and Mark Oldman and recently received a majority investment from Veronis Suhler Stevenson, a private-equity firm focused on media and communications with $3 billion in assets under management. www.vault.com

CONTACT:

CIT MEDIA RELATIONS:

C. Curtis Ritter, 212-461-7711

Director of External Communications & Media Relations

curt.ritter@cit.com

or

Dan Infanti, 212-461-5663

Vice President, Director Brand Marketing & Communications

dan.infanti@cit.com

or

CIT INVESTOR RELATIONS:

Ken Brause, 212-771-9650

Executive Vice President

ken.brause@cit.com

SOURCE: CIT Group Inc.

Read the full press release from CIT Group

Additional Information

View the CIT Group website.

View the Vault website

Information about Vault CEO Erik Sorenson.

Erik Sorenson observes tough job market for college grads

Erik Sorenson’s heritage in TV News