Genworth Financial, Inc. announced that its indirect wholly-owned subsidiary, Genworth Mortgage Holdings, Inc. ("GMHI"), has completed its previously announced offering (the "Offering") of $750 million in aggregate principal amount of its 6.500% senior notes due 2025 (the "Notes"). The notes were issued in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The Notes are not guaranteed by Genworth Financial, Inc., any of its subsidiaries or any of GMHI's subsidiaries. GMHI will initially retain $300 million of the net proceeds and the remaining net proceeds will be distributed to GMHI's direct parent, Genworth Holdings, Inc. Pursuant to its agreement with AXA S.A., Genworth Holdings, Inc. intends to repay or reduce upcoming debt maturities in an amount equal to the net proceeds of the Offering (less certain amounts held back to fund interest payments, and offering costs and expenses). The Notes have been offered only to qualified institutional buyers in accordance with Rule 144A under the Securities Act and to non-U.S. Persons in accordance with Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or any state securities laws. As a result, they may not be offered or sold in the United States or to, or for the benefit of, any U.S. persons except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, nor shall there be any sale of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offering of securities will be made only by means of a confidential offering memorandum.