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Press release from Business Wire

Pensioenfonds Horeca & Catering Selects Principal Global Investors for Emerging Markets Equity Mandate

Thursday, September 27, 2012

Pensioenfonds Horeca & Catering Selects Principal Global Investors for Emerging Markets Equity Mandate10:00 EDT Thursday, September 27, 2012 DES MOINES, Iowa (Business Wire) -- The governing board of Pensioenfonds Horeca & Catering has awarded Principal Global Investors (Europe) Ltd a $100 million emerging market equities mandate. Pensioenfonds Horeca & Catering is the occupational pension fund for the Dutch hospitality and catering industry. Principal Global Investors (Europe) Ltd is the UK registered entity of Principal Global Investors, a leading global asset manager and a member of the Principal Financial Group® (NYSE:PFG). “The Netherlands continues to be an important growth market for Principal Global Investors. We currently manage more than $3 billion in assets for 11 Dutch clients,” says Jeroen van Rooij, head of institutional business development for Principal Global Investors – Benelux and Nordics. “Our multi-boutique strategy appeals to a large number of corporate and industry-wide pension funds. We are very pleased to add Pensioenfonds Horeca & Catering to our list of clients and look forward to a long and fruitful relationship.” Pensioenfonds Horeca & Catering has approximately 900,000 participants from 36,000 employers. It is one of the 10 largest pension funds in the Netherlands. “Principal Global Investors proved they can consistently add value by active management. Their large, dedicated team, which is very disciplined and well-structured, was a key factor in our decision making,” said Wouter Jan Naborn, head of asset management at Pensioenfonds Horeca & Catering. “Furthermore, risk management and compliance are vested in the organization.” About Pensioenfonds Horeca & Catering Pensioenfonds Horeca & Catering is the pension fund for the Dutch hospitality and catering industry. The mandatory industry wide fund has approximately 900,000 participants on the current and former payroll of some 36,000 employers. Pensioenfonds Horeca & Catering is one of the 10 largest pension funds in the Netherlands in terms of (former) participants and affiliated employers. On June 30, 2012, Pensioenfonds Horeca & Catering held approximately €4.8 billion in assets. About Principal Global Investors: Principal 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 $259.8 billion in assets1 primarily for retirement plans and other institutional clients2. About the Principal Financial Group The 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 $367.1 billion in assets under management4 and serves some 18.2 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 June 30, 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; Principal Enterprise Capital, 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 and assets managed in accordance with investment advice provided by Principal Global Investors through the delivery of a model. 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 June 30, 2012. Principal Financial GroupAdam Lackey, 515-362-0482lackey.adam@principal.com