PRA to Present to Investors on October 1 at JMP Conference

PRA to Present to Investors on October 1 at JMP Conference

NORFOLK, Va., Sept. 24, 2013 (GLOBE NEWSWIRE) -- Portfolio Recovery
Associates, Inc. (Nasdaq:PRAA), 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 JMP Securities' Financial Services & Real
Estate Conference in New York.

Steve Fredrickson, chairman, president and chief executive officer, PRA, is
scheduled to present at the conference on October 1, 2013, at 12:30 pm ET. He
will be joined by Kevin Stevenson, executive vice president and chief
financial and administrative officer, PRA.

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,
http://ir.portfoliorecovery.com/events.cfm.

At JMP'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. (PRA) returns capital to banks and other creditors that helps to 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 was named one ofFortune's100 Fastest-Growing Companies in 2013 and
2012.Last year, the company also advanced to the Top 25 of Forbes'100 Best
Small Companies, where PRA has been annually ranked since 2007.For more
information, please visitwww.PortfolioRecovery.com.

About Forward-Looking Statements

Statements herein which are not historical, including PRA's or its
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 PRA's
presentations and webcasts.The forward-looking statements in this press
release are based upon management's beliefs, assumptions and expectations of
PRA'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.Additional risk factors and other risks are
described from time to time in PRA's filings with the Securities and Exchange
Commission (SEC) 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 SEC and available through PRA's website, which contain a more
detailed discussion of PRA'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 SEC or otherwise. Except
as required by law, PRA assumes no obligation to publicly update or revise its
forward-looking statements contained herein to reflect any change in PRA'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: Media and Investor Contact:
         Rick Goulart
         Vice President, Corporate Communications
         757-961-3525
         RickGoulart@PortfolioRecovery.com

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