Portfolio Recovery Associates to Announce Q4 and Full Year 2011 Results on February 16

Portfolio Recovery Associates, Inc. (NASDAQ: PRAA), a specialized financial and business services company and market leader in the consumer debt purchase and collection industry, will announce its fourth quarter and full year 2011 results on February 16, 2012.

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

Investors can access the call by dialing 888-713-4211 for domestic callers or 617-213-4864 for international callers using the pass code 25454734. A replay will be available approximately one hour after the call ends and will remain available for seven days. Investors can access the replay of the call by dialing 888-286-8010 for domestic callers or 617-801-6888 for international callers using the pass code 35636577.

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

Portfolio Recovery Associates, Inc. (PRA) is a specialized financial and business services company. A market leader in the consumer debt purchase and collection industry, PRA also provides a broad range of fee-based services, including revenue enhancement for local governments; vehicle location, skip-tracing and collateral recovery for auto lenders, governments, and law enforcement; contingent consumer debt recovery on behalf of banks, credit providers, and debt purchasers; and filing of class action claims on behalf of institutional investors, manufacturers, and retailers. PRA has a longstanding culture of compliance, engaging collaboratively with its customers to create realistic, affordable repayment plans. The Company has more than 2,800 employees in 10 U.S. states and the United Kingdom.

PRA has been named to the Forbes 100 Best Small Companies in America annual rankings list for five consecutive years (2007 – 2011). It was ranked as one of BusinessWeek’s 100 Hot Growth Companies in 2003, 2005 and 2007, and was recognized by Fortune as one of America’s Top Small Businesses in 2006 and 2007. The Company’s shares are publicly traded on the NASDAQ Global Select Market under the symbol “PRAA.” Additional information about Portfolio Recovery Associates is available at www.portfoliorecovery.com.