Press Release

Care Investment Trust Inc. Declares Quarterly Dividend of $0.17

Company Release - 5/13/2008 7:00 AM ET

NEW YORK, May 13 /PRNewswire-FirstCall/ -- Care Investment Trust Inc. (NYSE: CRE) today announced that its Board of Directors has declared a dividend of $0.17 per share of common stock for the first quarter 2008. The dividend is payable on June 6, 2008 to common shareholders of record on May 23, 2008.

About Care Investment Trust

Care Investment Trust Inc. is a real estate investment and finance company formed principally to invest in healthcare-related real estate and commercial mortgage debt. Care 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, changes in Care's investment focus, funding market, competitive and/or regulatory factors, among others, affecting Care Investment Trust's businesses or the management or results of operations of the acquired properties 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.

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, for Care Investment Trust Inc.