For Immediate Release                                                 16 August 2012

IRISH STOCK EXCHANGE

COMPANY ANNOUNCEMENT

Principal Life Global Funding II (the "Issuer")

Re:       Election of Home Member State

The Issuer wishes to elect Ireland as its Home Member State for the purposes of the Transparency Directive.

Enquiries

Jo Ellen Watts

Principal Global Investors

711 High Street

Des Moines, Iowa 50392

Watts.JoEllen@principal.com

This announcement has been issued through the Companies Announcement Service of

The Irish Stock Exchange.