Press Release

Care Investment Trust Inc. Declares Inaugural Quarterly Dividend of $0.17

Company Release - 11/5/2007 7:20 PM ET

NEW YORK, Nov. 5 /PRNewswire-FirstCall/ -- Care Investment Trust Inc. (NYSE: CRE) today announced that its Board of Directors has declared the Company's inaugural dividend of $0.17 per share of common stock for the third quarter 2007. The dividend is payable on November 30, 2007 to common shareholders of record on November 15, 2007.

About Care Investment Trust

Care Investment Trust Inc. is a real estate investment and finance company formed principally to invest in healthcare-related commercial mortgage debt and real estate. 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 Registration Statement on Form S-11 relating to its initial public offering and its Quarterly Report of Form 10-Q for its initial period of operations ended June 30, 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.

For more information on Care Investment Trust, please visit their website at http://www.carereit.com.

SOURCE Care Investment Trust Inc.

Contact: Robert O'Neill, Chief Financial Officer of Care Investment Trust Inc., +1-973-740-5115, robert.oneill@carereit.com, or Analysts- Investors, Leslie Loyet of Financial Relations Board, +1-312-640-6672, lloyet@frbir.com