On December 26, 2017, David N. Roberts notified PRA Group, Inc. that he was resigning from the Company’s Board of Directors effective December 31, 2017. On December 27, 2017, the Board elected Marjorie Connelly as an independent director effective January 1, 2018 with a term expiring at the Company’s 2020 Annual Meeting of Stockholders. The Board also appointed Ms. Connelly to its Audit and Compensation Committees. Connelly was previously a member of the PRA Group Board and has almost 30 years of experience in financial services. Most recently, Connelly was the Chief Operating Officer for Convergys Corporation.