Portfolio Recovery Associates Celebrates 10th Anniversary; to Ring Opening NASDAQ Bell

Steven Fredrickson, CEO of Portfolio Recovery Associates, Inc., will preside over the opening bell to celebrate its 10-year anniversary on the NASDAQ.

Where: NASDAQ MarketSite — 4 Times Square — 43rd & Broadway — Broadcast Studio

When: Monday, March 20th, 2006 at 9:30 a.m. EST

Feed Information: The opening bell is available from 9:20 a.m. to 9:35 a.m. on uplink IA-5 C-band/transponder 14. The downlink frequency is 3980 horizontal; audio: 6.2/6.8. The feed can also be found on Waterfront fiber 1623. If you have any questions, please contact Stephanie Lowenthal at (646) 441-5220.

Portfolio Recovery Associates was founded in 1996, went public in 2002 and is a leading firm specializing in the purchase, management and collection of charged off consumer debt. Our goal is to treat all our customers well, helping them through difficult financial times, while providing appropriate returns to PRA’s shareholders. At PRA “benevolent” and “debt collector” is not an oxymoron. Quite the contrary; at PRA we believe the only way for our company to succeed is to provide a win-win interaction with our customers. At PRA “we’re giving debt collection a good name.”