Press Release

Care Investment Trust Names Steven N. Warden to Board of Directors

Company Release - 10/22/2008 7:01 AM ET

NEW YORK, Oct. 22 /PRNewswire-FirstCall/ -- Care Investment Trust Inc. (NYSE: CRE) ("Care") today announced it named Steven N. Warden, President and Co-Head of CIT Healthcare to Care's Board of Directors. Mr. Warden's appointment, effective immediately, fills the vacancy on the Board.

Mr. Warden joined CIT Group in 2005 as a co-founder of CIT Healthcare. Prior to joining CIT, Mr. Warden served a number of positions with GE Healthcare Financial Services and Deutsche Bank Securities in New York.

Kirk Gorman, Chairman of the Board of Directors, commented, "Steve brings a sharp strategic perspective and nearly three decades of experience in health care finance to Care's board. We welcome his guidance and participation in the further development of Care."

About Care Investment Trust

Care Investment Trust Inc. is a real estate investment and finance company investing in healthcare-related real estate and commercial mortgage debt. It is externally managed and advised by CIT Healthcare LLC, a wholly-owned subsidiary of CIT Group Inc.

Safe Harbor Statement

This release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All forward-looking statements (including statements regarding future financial and operating results) involve risks, uncertainties and contingencies, many of which are beyond Care Investment Trust's control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. All statements contained in this release that are not clearly historical in nature are forward-looking, and the words "anticipate," "believe," "expect," "estimate," "plan," "target," and similar expressions are generally intended to identify forward-looking statements. Economic, business, funding market, competitive and/or regulatory factors, among others, affecting Care Investment Trust's businesses are examples of factors that could cause actual results to differ materially from those described in the forward-looking statements in addition to those factors specified in Care Investment Trust's Annual Report on Form 10-K for the year ended December 31, 2007. Care Investment Trust is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

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SOURCE Care Investment Trust Inc.

Contact: Frank Plenskofski, Chief Financial Officer of Care Investment Trust, +1-212-771-9318, [email protected]; or Analysts|Investors, Leslie Loyet of Financial Relations Board, +1-312-640-6672, [email protected], for Care Investment Trust Inc.