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Genworth Financial's Chairman, President & CEO Michael D. Fraizer to Speak at Friedman, Billings, Ramsey Conference

RICHMOND, Va., June 23 /PRNewswire-FirstCall/ -- Genworth Financial's (NYSE: GNW) chairman, president and CEO, Michael D. Fraizer, will speak at Friedman, Billings, Ramsey's 2nd Annual European Investor Conference in London on Wednesday, June 29, 2005 at 5:55 a.m. EDT. The Company will also conduct one-on-one investor meetings that will take place from June 27 through June 29. At these meetings, the Company will confirm guidance on net operating earnings per share and operating return on equity (ROE) given on April 28, 2005.

A live audio web cast of the presentation, including slides, will be publicly available through Genworth's website, http://investor.genworth.com. To participate in the web cast of, register at least 15 minutes prior to the web cast, then download and install any necessary software. A replay of the presentation will be archived on Genworth's website shortly after the web cast. The live web cast presentation will also be available at Friedman, Billings, Ramsey's website, http://www.wsw.com/webcast/fbr11/gnw/.

About Genworth Financial

Genworth is a leading insurance holding company, serving the lifestyle protection, retirement income, investment and mortgage insurance needs of more than 15 million customers, and has operations in 22 countries, including the U.S., Canada, Australia, the U.K. and more than a dozen other European countries. For more information, visit http://www.genworth.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward- looking statements may be identified by words such as "expects," "intends," "anticipates," "plans," "believes," "seeks," "estimates," "will," or words of similar meaning and include, but are not limited to, statements regarding the outlook for the company's future business and financial performance. Forward- looking statements are based on management's current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially due to global political, economic, business, competitive, market, regulatory and other factors, including the following:

- Risks relating to the company's businesses, including interest rate fluctuations, downturns and volatility in equity markets, defaults in portfolio securities, downgrades in the company's financial strength and credit ratings, unexpected changes in mortality and morbidity rates, accelerated amortization of deferred acquisition costs and present value of future profits, impairment of the value of goodwill, failure of demand for long-term care insurance to increase as expected, decreases in the volume of mortgage originations, increases in mortgage insurance cancellations, increases in the use of captive reinsurance in the mortgage insurance market, the influence of large mortgage lenders and investors, foreign exchange rate fluctuations, insufficiency of reserves, legal constraints on dividend distributions by subsidiaries, illiquid investments, competition, inability to attract or retain independent sales intermediaries and dedicated sales specialists, defaults by counterparties, regulatory restrictions on the company's operations, changes in applicable laws and regulations, legal or regulatory actions or investigations and increased regulatory scrutiny into some aspects of the company's operations, political or economic instability and the threat of terrorism; and

- Risks relating to the company's separation from GE, including the loss of benefits associated with GE's brand and reputation, the company's need to establish the new Genworth brand identity quickly and effectively, the company's inability to present financial information in SEC filings that accurately represents the results the company would have achieved as a stand- alone company, the possibility that the company will not be able to replace services previously provided by GE on comparable terms, uncertainty of amounts and timing of payments that the company has agreed to make to GE under the company's Tax Matters Agreement and other matters relating to that agreement, potential conflicts of interest with GE and GE's engaging in the same type of business as the company does in the future.

The company undertakes no obligation to publicly update any forward- looking statement, whether as a result of new information, future developments or otherwise. This press release also includes references to the non-GAAP financial measures entitled "net operating earnings" and "operating return on equity". Information about these non-GAAP financial measures is available in our earnings release dated April 28, 2005, available at http://investor.genworth.com.

SOURCE Genworth Financial

CONTACT: Investors: Alicia Charity, +1-804-662-2248, alicia.charity@genworth.com, or Media: Mike Kachel, +1-804-662-2534, mike.kachel@genworth.com, both of Genworth Financial