Portfolio Recovery Associates to Announce First Quarter 2005 Results on April 21, 2005

Portfolio Recovery Associates, Inc., a company that purchases, collects and manages portfolios of defaulted consumer receivables, will announce its First Quarter 2005 results on April 21, 2005.

The earnings announcement, which will be released after the market closes, will be followed at 5:30 PM EDT by a conference call with investors to discuss the results.

Investors can access the call by dialing 800-561-2601 for domestic callers or 617-614-3518 for international callers using the pass code 65923548. In addition, investors may listen to the call via a taped replay by dialing 888-286-8010 for domestic callers and 617-801-6888 for international callers using the pass code 74814399. The replay will be available approximately two hours after the call ends and will remain available for seven days.

Investors may also listen to the conference call via web cast, both live and archived, at the company’s web site, www.portfoliorecovery.com at the Investor Relations main page.