Portfolio Recovery Associates to Announce Second Quarter 2009 Results on July 29, 2009

NORFOLK, VA – Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a company that purchases and manages portfolios of defaulted consumer receivables and provides a broad range of accounts receivable management services, will announce its second quarter 2009 results on July 29, 2009.

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.

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