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Q2 2019Conference Call Presentation

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Statements herein, other than statements of historical fact, are forward-looking statements, whichare based on our current beliefs, projections, assumptions and expectations concerning futureoperations and financial performance. Such statements involve uncertainties and risks, some ofwhich are not currently known to us, and may be superseded by future events that could causeactual results to differ materially from those expressed or implied herein. You are cautioned not toplace undue reliance on forward-looking statements, which speak only as of today, and are qualifiedin their entirety by these cautionary statements. Information regarding risk factors and otherinformation that could change our projections or impact our actual results can be found in our mostrecent Annual Report on Form 10-K and in subsequent public filings, and should be considered inevaluating the forward looking statements herein. Except as required by law, we assume noobligation to update or revise these statements to reflect changes in events, conditions orcircumstances on which any such forward-looking statements are based, in whole or in part.

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INVESTMENTS DELIVER RECORD CASH COLLECTIONS

People

Legal

Data

Digital

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Q2 2019 HIGHLIGHTS

Record cash collections of $470 million

Continued solid portfolio investment of $289 million

Record Estimated Remaining Collections (ERC) of $6.4 billion

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AMERICAS

Record cash collections in Americas Core

Invested $122 million in Americas Core

Maintaining returns in the legal channel

Stable supply and pricing

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EUROPE

Record cash collections in Europe

Investment in Europe was $141 million

Select markets improving

Pipeline is active

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FINANCIAL RESULTS - GAAP

Q2 2019 Q2 2018

Cash Collections $470.3 $406.6

Total Revenues $252.1 $221.5

Net Income Attributable to PRA Group, Inc. $18.6 $19.6

Operating Expenses $187.5 $163.4

Diluted EPS $0.41 $0.43

($ in millions, except per share results)

Net Allowance Charges $1.2 $2.8

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Americas Core, $294.2

Europe Core, $117.6

Global Insolvency,

$58.4

CASH COLLECTIONS($ in millions)

Americas Core, $233.8

Europe Core, $109.4

Global Insolvency,

$63.5

Second Quarter 2019 Second Quarter 2018

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Q2 2019 CASH EFFICIENCY RATIO OF 60.4%, 59.8% YTD($ in millions, Cash efficiency ratio = (cash receipts – operating expenses)/cash receipts)

298

383 433

592

762

971

1,214

1,444

1,6041,569

1,538

1,640

941

0%

10%

20%

30%

40%

50%

60%

70%

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Q2YTDCash Receipts Cash Efficiency Ratio Insolvency as a % of Cash Collections

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ESTIMATED REMAINING COLLECTIONS AND AVAILABLE CAPITAL

Estimated Remaining Collections

($ in millions)

United States - $3,496

United Kingdom - $1,284

Central Europe - $671

Southern Europe - $172

Northern Europe - $495

Other Americas - $286

$753 Million Available for Portfolio Purchases

as of June 30, 2019

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PRA GROUP REMAINS WELL POSITIONED FOR THE FUTURE

Record cash collections and ERC

Strong portfolio investment worldwide

Expect full year cash efficiency ratio to approach 60%

Operate by a set of founding principles

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Q&A

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Q3 2019 ESTIMATED REVENUE MODEL - $ IN THOUSANDS