While hinted from the developers after the game was released in North America back in October, Code of Princess has now been sighted on the game listing in the USK (Which is Germany’s ratings board, equivalent to Europe’s PEGI Rating) database. Agatsuma Entertainment, the game developers, being listed under the publisher could mean that unlike the NTSC-U region where Atlus did the localization, they will be doing the job themselves this time.
So there you have it, Code of Princess is indeed getting localized for the PAL region, the wait is long, but in our opinion worth it.