Portfolio Recovery Associates to Announce First Quarter 2006 Results on April 25, 2006

Portfolio Recovery Associates, Inc., a company that purchases and manages portfolios of defaulted consumer receivables and provides a broad range of accounts receivable management services, will announce its first quarter 2006 results on April 25, 2006.

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 888-396-2356 for domestic callers or 617-847-8709 for international callers using the pass code 84866765. 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 60743463. The replay will be available approximately one hour 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.