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Genworth Financial Has Received SEC and Justice Department Subpoenas

RICHMOND, Va., Nov 17, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Genworth Financial, Inc. (NYSE: GNW) today said that one of its business units has received subpoenas from the U.S. Securities and Exchange Commission and the U.S. Department of Justice related to an investigation of bid-rigging involving guaranteed investment contracts (GICs) sold to municipalities.

The company said it would cooperate fully with the investigation, and explained that it has not issued, and does not currently issue, GICs to municipalities, but that its business unit provides administrative and management services to a third party that does.

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. For more information, visit http://www.genworth.com.

SOURCE Genworth Financial, Inc.

Investors: Linnea Olsen, +1-804-662-2536,
Linnea.Olsen@genworth.com, or
Media: Phil Moeller, +1-804-662-2534,
Philip.Moeller@genworth.com,
both of Genworth Financial, Inc.

http://www.genworth.com/