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Genworth Financial Announces Board of Directors Changes

RICHMOND, Va., May 17 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. (NYSE: GNW) announced the re-election of eight directors at its 2006 annual meeting of shareholders today, including Michael D. Fraizer, chairman and chief executive officer.

In addition to Fraizer, board members re-elected are Frank J. Borelli, former Chief Financial Officer, Marsh & McLennan Companies, Inc.; Nancy J. Karch, former Senior Partner, McKinsey & Company; J. Robert "Bob" Kerrey, President, New School University and former United States Senator; Saiyid T. Naqvi, Chief Executive Officer, DeepGreen Financial, Inc.; James A. Parke, recently retired vice chairman and chief financial officer of GE Capital; James S. Riepe, former Vice Chairman of T. Rowe Price Group, Inc. and, Thomas B. Wheeler, former President and Chief Executive Officer, MassMutual Financial Group.

"We now have an eight-member board that brings us a depth of knowledge in finance, risk management, marketing, investment, insurance and other fields related to our businesses," Fraizer said. "We look forward to their counsel and will continue to evaluate additional independent candidates that bring further expertise as Genworth moves forward."

The company also expressed its appreciation to three former directors -- Elizabeth J. Comstock, Pamela Daley and David R. Nissen. They are affiliated with GE, Genworth's former parent company, and did not stand for re-election to the board following GE's sale of its interest in Genworth.

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 24 countries, including the United States, Australia, Canada, Japan, Mexico, New Zealand, the United Kingdom and 17 other European countries. For more information, visit genworth.com.

SOURCE Genworth Financial, Inc.
05/17/2006
CONTACT: Investors contact: Alicia Charity, +1-804-662-2248, Alicia.Charity@genworth.com,
or Media contact: Phil Moeller, +1-804-662-2534, Philip.Moeller@genworth.com, both of Genworth Financial, Inc.
Web site: http://www.genworth.com