The Principal Financial Group Announces Central Iowa Grant Recipients

  The Principal Financial Group Announces Central Iowa Grant Recipients

                     Funding focused on Arts and Culture

Business Wire

DES MOINES, Iowa -- November 14, 2012

The arts scene continues to thrive in Central Iowa thanks to the more than
$300,000 in grants given out by the Principal Financial Group^® and the
Principal Financial Group Foundation  for the third quarter of 2012. Grant
funding was presented to 30 organizations focused on providing access to the
arts and celebrating the cultural diversity found in our community. So far in
2012, The Principal^® has provided $10,600,000 in philanthropic investments in
the communities where its employees live and work.

“Artistic and cultural programs help communities grow,” said Mary O’Keefe,
senior vice president and chief marketing officer, The Principal. “These
programs enrich the lives of our employees and their families, and help the
Central Iowa community to attract and retain top talent.”

Among the programs receiving funding were:

  *Des Moines Art Center- Funds will support the free admission program which
    gives the public year-round access to showcased art and education at no
    charge.
  *Iowa Public Radio- Funding will support the “Being in Iowa” program which
    is a multi-part series of in-depth reports on what it’s like being a
    member of various minority groups in Iowa. The show features people from a
    range of ethnic, religious, and societal backgrounds, and the daily
    challenges they face.

  *Arts for the City- The grant will support the After School Arts Program
    (ASAP) which connects artistically gifted third – fifth grade students
    with challenging and enriching arts classes that are guided by experienced
    artists. Transportation and material costs are covered for students in
    need.

The Principal is accepting Civic, Community & Environment grant applications
through December 1, 2012 from nonprofit organizations in Central Iowa. For
more information on application deadlines and criteria, visit:
http://www.principal.com/grants.

To learn more about how The Principal gives back, visit:
http://www.principal.com/community.

For more news and insights from The Principal, connect with us on Twitter at
http://twitter.com/ThePrincipal.

About the Principal Financial Group Foundation

The Principal Financial Group Foundation provides philanthropic investments in
the communities where employees of The Principal live and work through
employee matching gifts, one-time major gifts, and a formal grants program.
Grants are awarded on a quarterly basis in the following categories: Health &
Human Services; Education; Arts & Culture; Civic, Community & Environment.

About the Principal Financial Group

The Principal Financial Group^® (The Principal^®)^1 is a global investment
management leader offering 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 $392.2 billion in assets under management^2 and
serves some 18.3 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 “The Principal Financial Group” and “The Principal” are registered service
marks of Principal Financial Services, Inc., a member of the Principal
Financial Group.

^2 As of September 30, 2012.

Contact:

Principal Financial Group
Lauren Mease, 515-247-0651
mease.lauren@principal.com