Encore Capital Group Settles Legal Dispute

SAN DIEGO  — Encore Capital Group, Inc. (Nasdaq: ECPG), a leading distressed consumer debt management company, today announced that it has settled a pending legal dispute with Jefferson Capital Systems, LLC and its parent, CompuCredit Corporation.

Under the terms of the settlement, all of the parties’ obligations relating to the purchase and delivery of accounts under the Asset Purchase and Forward Flow Agreement dated June 2, 2005, as amended, as well as the related Balance Transfer Agreement dated the same date were satisfied through Encore’s purchase of a large portfolio of charged-off credit card accounts on commercially reasonable terms and the resumption of the balance transfer program with Jefferson Capital.

Encore’s CEO J. Brandon Black stated: "We are pleased that we have resolved this in a way that allows the two companies to work together again.  We are looking forward to putting the arbitration behind us and focusing all of our efforts on the continued expansion of our business."

About Encore Capital Group, Inc.
Encore Capital Group, Inc. is a systems-driven purchaser and manager of charged-off consumer receivables portfolios. More information on the Company can be found at www.encorecapitalgroup.com.