CIT and Microsoft Financing Expand Global Financing Relationship to Serve North American Market

    NEW YORK & REDMOND, WASH., November 12 /CNW/ - CIT Group Inc. (NYSE:  CIT),
a leading global commercial finance company, today announced the expansion of
its global vendor financing relationship with Microsoft Corp. (NASDAQ:  MSFT)
into the United States and Canada. CIT currently provides vendor financing
solutions for Microsoft's products and services in France, Germany, Italy,
South Korea, Switzerland and the United Kingdom.

    "We are very excited to announce the expansion of our relationship with
Microsoft," said Kris Snow, Co-President of CIT Global Vendor Finance. "This
announcement reflects the true global nature of our relationship and reflects
CIT's ability to provide commercial financing solutions for customers of the
leading technology companies around the world. The extension of our
relationship into the U.S. and Canadian markets further solidifies our
position as the leading provider of vendor financing solutions in the world."

    Brian Madison, General Manager of Microsoft Financing at Microsoft, said,
"This expanded agreement into North America, our largest market, will further
enable Microsoft to meet more diverse customer needs for financing their
software, services, and hardware. We chose CIT for their unique ability to
deliver exceptional service and support to our broad base of customers."

    Individuals interested in receiving future updates on CIT via e-mail can
register at

    About CIT

    Founded in 1908, 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

    About Microsoft Financing

    Microsoft Financing is a financing arm of Microsoft Corp. that is
dedicated to making it easier to purchase Microsoft products through
financing. Microsoft Financing forms partnerships with commercial financing
institutions to deliver optimal customer financing solutions.

    About Microsoft

    Founded in 1975, Microsoft (Nasdaq:  MSFT) is the worldwide leader in
software, services and solutions that help people and businesses realize their
full potential.

    Microsoft is a registered trademark of Microsoft Corp. in the United
States and/or other countries.

    Note to editors: If you are interested in viewing additional information
on Microsoft, please visit the Microsoft Web page at on Microsoft's corporate information pages.
Web links, telephone numbers and titles were correct at time of publication,
but may since have changed. For additional assistance, journalists and
analysts may contact Microsoft's Rapid Response Team or other appropriate
contacts listed at


For further information:

For further information: CIT Group Inc. Media Relations: C. Curtis
Ritter, 212-461-7711 Director of External Communications & Media Relations or Mary Flynn, 212-461-7860 Director of Media Relations or Investor Relations: Ken Brause, 212-771-9650 Executive
Vice President or Waggener Edstrom Worldwide for Microsoft
Media Relations: Jay Cudal, 503-443-7000 Account Manager or Waggener Edstrom Worldwide, Rapid Response Team,

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