WEST DES MOINES, IA - August 13, 2007 - The Principal Charity Classic today announced total proceeds of $575,000 from the 2007 Champions Tour tournament will be given to local charities. Five charities that specifically benefit children - Blank Children's Hospital, BRAVO, Greater Des Moines Community Foundation, United Way of Central Iowa and Variety - The Children's Charity - will each receive $110,000, for a total of $550,000. The remaining $25,000 raised will benefit a number of charity partners that provided on-site services during the event.

"The goal of the 2007 Principal Charity Classic was to increase the amount of money raised for charity; specifically non-profit organizations that support children, or that are 'FORE Our Kids.' The tournament surpassed expectations, and brought the community together," said J. Barry Griswell, chairman and CEO of the Principal Financial Group(R), the title sponsor of the event. "This announcement is something we all should be proud of, including the spectators, the volunteers, the tournament sponsors and the players."

The Greater Des Moines Convention and Visitors Bureau estimates The Principal Charity Classic generated a direct economic impact of $3-$4 million for the region, including increased business for area hotels, restaurants, shopping and other entertainment venues.

"The Principal Charity Classic was a tremendous opportunity to showcase Iowa. Over the week of the tournament, more than 60,000 people walked the course - an outstanding testament to all of the hard work and dedication shown by everyone involved to make this event a success," noted Lynn Horak, regional chairman, Wells Fargo.

About The Principal Charity Classic

The Principal Charity Classic is an annual Champions Tour event at Glen Oaks Country Club in West Des Moines. The Principal Charity Classic, presented by Wells Fargo, is hosted by the Greater Des Moines Community Foundation and is focused on charity and designed "FORE Our Kids." The 2008 tournament will be held May 26-June 1.

Principal Financial Group, Inc.

Principal Financial Group, Inc.

Principal Financial Group^® (Nasdaq: PFG) is a global financial company with 18,500 employees1 passionate about improving the wealth and well-being of people and businesses. In business for more than 140 years, we’re helping more than 51 million customers1 plan, protect, invest, and retire, while working to support the communities where we do business, and build a diverse, inclusive workforce. Principal^® is proud to be recognized as one of America’s 100 Most Sustainable Companies2, a member of the Bloomberg Gender Equality Index, and a Top 10 “Best Places to Work in Money Management3.” Learn more about Principal and our commitment to building a better future at principal.com.

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