Portfolio Recovery to Present at William Blair Annual Growth Stock Conference

Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a leading provider of outsourced receivables management, announced today that Steve Fredrickson, CEO and Kevin Stevenson, CFO will be making a presentation to the investment community at the William Blair Growth Stock Conference to be held in Chicago, IL on Wednesday, June 20, 2007. During the course of this event, Portfolio Recovery Associates may disclose material developments affecting its business and/or financial performance.

A link to the live audio web cast of their presentation will be provided on the Investor Relations page of Portfolio Recovery Associates' website at www.portfoliorecovery.com, under Event Calendar. The link will be accessible at approximately 3:50 PM ET on the day of the conference. The replay will be available immediately after the presentation is completed and will remain available for 90 days.