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Genworth Financial Prices $350 Million Debt Offering


RICHMOND, Va., Sept 14, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- Genworth Financial (NYSE: GNW) today announced that it has priced a public offering of ten-year senior notes in an aggregate principal amount of $350 million and with an interest rate of 4.95% per year. Genworth intends to use the net proceeds from this offering to reduce outstanding commercial paper borrowings.

Goldman, Sachs & Co. and Lehman Brothers are joint bookrunning managers for this offering, which is expected to close on September 19, 2005. Interested parties may obtain a written prospectus relating to the senior notes offering from Goldman, Sachs & Co., 85 Broad St., Attn: Prospectus Department, New York, New York 10004, or from Lehman Brothers Inc., 745 Seventh Avenue, Attn: High Grade Fixed Income Syndicate, New York, New York 10019.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state.

About Genworth Financial

Genworth Financial (NYSE: GNW) is a leading insurance holding company, serving the lifestyle protection, retirement income, investment and mortgage insurance needs of more than 15 million customers, with operations in 24 countries, including the U.S., Canada, Australia, the U.K. and more than a dozen other European countries. The company has more than 6,500 employees worldwide. For more information, visit

Caution Concerning Forward-Looking Statements

This document includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to our plans, objectives, expectations and intentions and other statements contained in this report that are not historical facts as well as statements identified by words such as "expects", "anticipates", "intends", plans", "believes", "seeks", "estimates", or words of similar meaning. These statements are based on our current beliefs or expectations and are inherently subject to significant uncertainties and changes in circumstances, many of which are beyond our control. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors.

SOURCE Genworth Financial

Investors: Alicia Charity, +1-804-662-2248, or; or Anthony Attard, +1-804-281-6148, or; Media: Neal McGarity, +1-804-662-2534, or, all of Genworth Financial

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