PRA to Announce First Quarter 2014 Results on April 30

PRA to Announce First Quarter 2014 Results on April 30

NORFOLK, Va., April 23, 2014 (GLOBE NEWSWIRE) -- Portfolio Recovery
Associates, Inc. (Nasdaq:PRAA), a financial and business services company
operating in the U.S., Canada and the U.K., will announce its first quarter
2014 results on Wednesday, April 30, 2014.

The earnings announcement, which will be released after the market closes,
will be followed at 5:30 p.m. ET by a conference call to discuss results with
institutional investors and stock analysts. Listen to a webcast, both live
and archived, at http://ir.PortfolioRecovery.com/events.cfm.

Please access the call by calling 888-695-7639 in the U.S. or 970-315-0482
outside the U.S.The conference ID is 30835658. A question-and-answer session
will be open only to investors or analysts. A replay of the call and webcast
will be available until May 7, 2014.Call 855-859-2056 in the U.S. or
404-537-3406 outside the U.S. to hear a replay of the call.The conference ID
is 30835658.

About PRA

As a leader in the U.S. debt buying industry, Portfolio Recovery Associates,
Inc. (PRA) returns capital to client banks and other creditors to help expand
financial services for all consumers.PRA collaborates with customers to
create affordable, realistic repayment plans.PRA also provides a broad range
of collection and recovery services to business and government clients.

In 2013 and 2012, PRA was ranked among Fortune's100 Fastest-Growing Companies
and Forbes'Top 25 Best Small Companies in America. For more information,
please visitwww.PortfolioRecovery.com.

About Forward Looking Statements

Statements made herein which are not historical, including Portfolio Recovery
Associates' (PRA's) or its management's intentions, hopes, beliefs,
expectations, representations, projections, plans or predictions of the
future, including, but not limited to, statements with respect to future
revenue and earnings, and statements with respect to future contributions of
Aktiv Kapital; our ability to satisfy closing conditions or successfully, if
ever, complete the acquisition of Aktiv Kapital; our ability to fully realize
the expected benefits of the acquisition of Aktiv Kapital; the ability of
Aktiv Kapital, or of any of PRA's subsidiaries, to contribute to earnings and
future portfolio-purchase opportunities, all of which, 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.These forward-looking statements 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.

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 PRA. Actual events or results may differ materially 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 PRA's filings with the Securities and Exchange Commission
including but not limited to PRA'sannual 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 PRA's website, which
contain detailed discussion of PRA's business, including risks and
uncertainties that may affect future results.

Due to such uncertainties and risks, you are cautioned not to place undue
reliance on such forward-looking statements, which speak only as of
today.Information in this presentation may be superseded by recent
information or statements, which may be disclosed in later press releases,
subsequent filings with the Securities and Exchange Commission or otherwise.
Except as required by law, PRA assumes no obligation topublicly 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: Investor Contact:
        
         Darby Schoenfeld
         Director of Investor Relations
         Portfolio Recovery Associates, Inc.
         (757) 431-7913
         DCSchoenfeld@PortfolioRecovery.com
        
         News Media Contact:
        
         Rick Goulart
         Vice President, Corporate Communications
         Portfolio Recovery Associates, Inc.
         (757) 961-3525
         RickGoulart@PortfolioRecovery.com

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