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Genworth Announces Pricing of Public Offering of Common Stock

RICHMOND, Va., Sept. 15 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. (NYSE: GNW) today announced that it has priced a public offering of 48.0 million shares of its Class A Common Stock at a public offer price of $11.75 per share. To the extent that the underwriters sell more than 48.0 million shares of Class A Common Stock, the underwriters have the option to purchase up to an additional 7.2 million shares of Class A Common Stock from Genworth. Genworth intends to use the net proceeds from this offering for general corporate purposes.

Goldman, Sachs & Co., BofA Merrill Lynch and Deutsche Bank Securities are the joint bookrunners for this offering. Copies of the prospectus supplement and the accompanying prospectus relating to the offering may be obtained from Goldman, Sachs & Co., Attention: Prospectus Department, 85 Broad Street, New York, NY 10004; from BofA Merrill Lynch, Attention: Prospectus Department, 4 World Financial Center, New York, NY 10080; and from Deutsche Bank Securities Inc., Attention: Prospectus Department, 100 Plaza One, Jersey City, NJ 07311.

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, Inc. (NYSE: GNW) is a leading Fortune 500 global financial security company. Genworth has more than $100 billion in assets and employs approximately 6,000 people with a presence in more than 25 countries. Its products and services help meet the investment, protection, retirement and lifestyle needs of more than 15 million customers. Genworth operates through three segments: Retirement & Protection, U.S. Mortgage Insurance and International. 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.

Cautionary Note Regarding Forward-Looking Statements

This press release 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 release 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. The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise.

SOURCE Genworth Financial, Inc.

Investors: Alicia Charity, +1-804-662-2248, alicia.charity@genworth.com; Media: Al Orendorff, +1-804-662-2534, al.orendorff@genworth.com, both of Genworth Financial, Inc.