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Genworth Financial Releases Figures on Fannie Mae and Freddie Mac Holdings

Company has reduced holdings in recent months

RICHMOND, Va., Sept. 8 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. (NYSE: GNW) today released figures on its Fannie Mae and Freddie Mac holdings.

As of September 5, 2008 Genworth had reduced its total holdings of senior debt in these two organizations to $119 million from $141 million on June 30, 2008. It also had reduced its preferred stock holdings to $72 million from $126 million on June 30, 2008. Genworth currently holds no subordinated debt or common stock in either Fannie Mae or Freddie Mac.

Genworth's total preferred stock holdings in these two organizations represent one tenth of one percent of its total investment portfolio of approximately $72 billion.

About Genworth Financial

Genworth Financial, Inc. (NYSE: GNW) is a leading public Fortune 500 global financial security company. Genworth has $114 billion in assets and employs approximately 7,000 people in 25 countries. Its products and services help meet the investment, protection, retirement and lifestyle needs of over 15 million customers. Genworth operates through three segments: Retirement and Protection, International and U.S. Mortgage Insurance. Its products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth Financial, which traces its roots back to 1871, became a public company in 2004 and is headquartered in Richmond, Virginia. For more information, visit genworth.com.

SOURCE Genworth Financial
CONTACT:
Investors:
Alicia Charity, +1-804-662-2248 Alicia.charity@genworth.com
or Media:
Al Orendorff, +1-804-662-2534 Al.orendorff@genworth.com
Web site: http://www.genworth.com
(GNW)