PRA to Present to Investors on June 12 at William Blair Conference

PRA to Present to Investors on June 12 at William Blair Conference

NORFOLK, Va., June 5, 2013 (GLOBE NEWSWIRE) -- Portfolio Recovery Associates,
Inc. (PRA), a financial and business services company operating in the U.S.
and U.K, today announced that it will present next week to the investment
community at the William Blair 33rd Annual Growth Stock Conference in Chicago.

Steve Fredrickson, chairman, president and chief executive officer, PRA, is
scheduled to moderate a panel of speakers from PRA's management team at the
conference on June 12, 2013, at 3:20 pm CT. Investors may view PRA's
presentation as well as listen to an audio webcast, including audience Q&A, at
PRA's Investors website, Events & Presentations,

At William Blair's conference, PRA may disclose material developments
affecting its business and/or financial performance.

About PRA

As a leader in the U.S. debt buying industry, Portfolio Recovery Associates,
Inc. (Nasdaq:PRAA) returns capital to banks and other creditors that helps
expand financial services for consumers.PRA collaborates with its customers
to create affordable, realistic debt repayment plans.The company also
provides a broad range of fee-based services to local governments and law
enforcement, U.S. businesses, institutional investors, global hedge funds, and
U.K. banks and creditors.

PRA has been annually ranked as one of Forbes' 100 Best Small Companies in
America since 2007, advancing to the Top 25 in 2012.The company also was
recognized last year as one ofFortune's100 Fastest-Growing Companies in the
U.S. For more information, visit

About Forward-Looking Statements

Statements herein which are not historical, including Portfolio Recovery
Associates' or management's intentions, hopes, beliefs, expectations,
representations, projections, plans or predictions of the future, including
future revenue and earnings growth, statements with respect to future
contributions of its subsidiaries to earnings and future portfolio-purchase
opportunities, are forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended.Forward-looking statements
include references to Portfolio Recovery Associates' presentations and web
casts. The forward-looking statements in this press release are based upon
management's beliefs, assumptions and expectations of the Company's future
operations and economic performance, taking into account currently available
information. These statements are not statements of historical
fact.Forward-looking statements involve risks and uncertainties, some of
which are not currently known to us. Actual events or results may differ from
those expressed or implied in any such forward-looking statements as a result
of various factors, including the risk factors and other risks that are
described from time to time in the Company's filings with the Securities and
Exchange Commission including but not limited to its annual reports on Form
10-K, its quarterly reports on Form 10-Q and its current reports on Form 8-K,
filed with the Securities and Exchange Commission and available through the
Company's website, which contain a more detailed discussion of the Company's
business, including risks and uncertainties that may affect future results.
Due to such uncertainties and risks, readers are cautioned not to place undue
reliance on such forward-looking statements, which speak only as of the date
hereof.Information in this press release may be superseded by more recent
information or statements, which may be disclosed in later press releases,
subsequent filings with the Securities and Exchange Commission or otherwise.
The Company expressly disclaims any obligation or undertaking to release
publicly any updates or revisions to any forward-looking statements contained
herein to reflect any change in the Company's expectations with regard thereto
or to reflect any change in events, conditions or circumstances on which any
such forward-looking statements are based, in whole or in part.

CONTACT: Rick Goulart
         Vice President, Corporate Communications
         (757) 961-3525

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