NEW YORK CITY — May 17, 2011 — CIT Group Inc. (NYSE: CIT) a leading provider of financing to small
businesses and middle market companies, today announced that it has provided a $40 million senior
secured asset based revolving credit facility to J. Jill, a vertically integrated multi-channel
specialty retailer of women’s apparel. The financing was provided by CIT Bank, a wholly-owned
subsidiary of CIT, to facilitate the acquisition of a majority stake in J. Jill by an affiliate of
Arcapita Bank BSC, an international investment firm, from Golden Gate Capital, a private equity
firm. Terms of the transaction were not disclosed.

CIT Commercial & Industrial served as Administrative Agent, Collateral Agent and Joint
Bookrunner for the financing, which also provides J. Jill working capital for ongoing operations.
J. Jill maintains 225 retail stores around the United States employing more than 2,800 associates.
Including J. Jill, CIT has completed four transactions on behalf of Arcapita totaling approximately
$300 million in financing.

“This transaction highlights CIT’s expertise in retail financing and dedication to supporting
middle market companies and their sponsors,” said Bill Kearney, Senior Vice President, CIT
Commercial & Industrial, Retail Finance. “Our long-term relationship with Arcapita allowed us
to develop a customized financing solution to complete the acquisition, while also providing
working capital to J. Jill.”

Scott Buschmann, Principal of Arcapita Bank BSC, said, “CIT’s knowledge of the retail space
and leveraged finance, as well as their understanding of the specific nature of our financing
needs, made them a logical partner in this transaction.”

Burt Feinberg, Group Head of CIT Commercial & Industrial, said, “Our prior experience
working in the retail space allowed us to facilitate this financing as we fully understand J.
Jill’s business model. They have a talented and experienced management team, and have done a
phenomenal job merchandising their product and providing value to their target customer while
continuously improving efficiency in sourcing, marketing and distribution, enabling them to
successfully maximize their multi channel retail strategy.”

According to the National Retail Federation in the U.S., the retail industry consists of more
than 1.6 million American companies that employ nearly 25 million workers and generated 2010 sales
of $2.4 trillion. Individuals interested in receiving future updates on CIT via e-mail can register
at
http://newsalerts.cit.com.

Posted on May 17, 2011

Source: CIT Group Inc.

Invista, Wichita, Kan., has launched Lycra® Style fiber for the global ready-to-wear (RTW) market.
The fiber was developed specifically to meet RTW requirements with regard to branding, performance
and pricing; and is targeted for apparel worn by individual-istic, fashion-conscious consumers 18
to 35 years old who are particular about good fit and comfort.

“Invista’s new ready-to-wear brand, Lycra Style, is extremely important to the growth of our
overall Invista apparel business,” said Libby Neuner, global marketing director, outerwear,
Invista. “The sheer size of the ready-to-wear business and the opportunity to further penetrate the
market makes this a critical area of focus for Invista.”

Invista worked with biometric market research experts at Innerscope Research, Boston, to
discern potential consumers’ emotional responses by measuring their physical reactions to brand
marketing stimuli. The data collected were used to compare the subjects’ emotional feelings and
conscious responses related to each marketing component, providing a basis for understanding which
messages resonate with and will emotionally engage the targeted consumers.

May/June 2011

The Hohenstein Institute, Germany, has completed initial testing on a high-tech swimsuit prototype
developed by Sarah Ziem, a student at the University of Reutlingen, Germany. The swimsuit fabric is
an ultra-lightweight textile material coated with a nano-sol super-hydrophobic coating in which
microbubbles trapped between the fibers create an ultra-thin air cushion that allows the swimmer to
glide through the water. The institute reports the technology mimics the natural waterproofness of
the feathers of penguins, and substantially complies with strict regulations passed by the
International Swimming Federation in 2009 in response to concerns about an unusually large number
of records broken by swimmers wearing certain high-tech swimsuits in 2008-09 competitions.

Ziem developed the swimsuit as part of her bachelor’s degree dissertation under the
supervision of Dr. Walter Marx, Reutlingen. She also received support from Dr. Jan Beringer,
Hohenstein Institute; textile chemicals manufacturer CHT R. Beitlich GmbH, Germany; and performance
fabric manufacturer Mectex S.p.A., Italy.

The coating will be further refined prior to the swimsuit’s market debut.

May/June 2011