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Press release from Business Wire

Principal Global Investors Announces New Endowment and Foundation Hire

<p class='bwalignc'> <b>Kindregan Named Director – Institutional Marketing</b> </p>

Thursday, June 14, 2012

Principal Global Investors Announces New Endowment and Foundation Hire09:00 EDT Thursday, June 14, 2012 DES MOINES, Iowa (Business Wire) -- Principal Global Investors, LLC, a leading global asset manager and a member of the Principal Financial Group® (NYSE:PFG), has hired Dale Kindregan as director – institutional marketing. Kindregan is responsible for leading the endowment and foundation business as part of the firm's sales team. “We are pleased to welcome Dale to the team,” said George Jamgochian, executive director – U.S. distribution at Principal Global Investors. “Dale's strong endowment and foundation expertise will complement Principal Global Investors' investment capabilities. This is a strong signal to endowment and foundation investors looking to protect and grow their assets.” Kindregan joins Principal Global Investors from PineBridge Investments, where she was head of the endowment and foundation channel as part of the institutional sales group. She has 26 years of investment management experience, with the last 16 devoted exclusively to non-profit organizations. Her responsibilities at Principal Global Investors will include focusing on universities, private and community foundations, museums and hospitals to grow the firm's endowment and foundation assets. About Principal Global InvestorsPrincipal Global Investors is a diversified asset management organization and a member of the Principal Financial Group®, with expertise in equities, fixed income and real estate investments, as well as specialized overlay and advisory services. Principal Global Investors manages $258.2 billion in assets1 primarily for retirement plans and other institutional clients2. About the Principal Financial GroupThe Principal Financial Group® (The Principal ®)3 is a global investment management leader including retirement services, insurance solutions and asset management. The Principal offers businesses, individuals and institutional clients a wide range of financial products and services, including retirement, asset management and insurance through its diverse family of financial services companies. Founded in 1879 and a member of the FORTUNE 500®, the Principal Financial Group has $364.1 billion in assets under management4 and serves some 17.3 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com. 1 As of March 31, 2012. 2 Principal Global Investors is the asset management arm of the Principal Financial Group ® (The Principal ®)¹ and includes the asset management operations of the following subsidiaries of The Principal: Principal Global Investors, LLC; Principal Real Estate Investors, LLC; Spectrum Asset Management, Inc.; Post Advisory Group, LLC; Columbus Circle Investors; Edge Asset Management, Inc.; Morley Financial Services Inc.; Finisterre Capital, LLP; Origin Asset Management, LLP; Principal Global Investors (Europe) Limited; Principal Global Investors (Singapore) Ltd.; Principal Global Investors (Australia) Ltd.; Principal Global Investors (Japan) Ltd.; Principal Global Investors (Hong Kong) Ltd.; CIMB-Principal Islamic Asset Management Sdn. Bhd.; and the majority owned affiliates of Principal International, Inc. Assets under management includes assets managed by investment professionals of Principal Global Investors under dual employee arrangements with other subsidiaries of The Principal. 3 “The Principal Financial Group” and “The Principal” are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group. 4 As of March 31, 2012. Principal Financial GroupJaime Naig, 515-247-0798naig.jaime@principal.com