Metris Companies to Announce First Quarter 2005 Results

    Business Editors

    MINNETONKA, Minn.--(BUSINESS WIRE)--March 24, 2005--Metris Companies Inc. (NYSE:MXT) will announce its first quarter 2005 earnings on Wednesday, April 20, after the market closes.
    Management will host a live conference call on Thursday, April 21, at 11:00 a.m. Eastern Time. The press and public are invited to listen to a live webcast of the call by registering at http://www.metriscompanies.com. Click on the Investor Relations icon to participate. A replay of the webcast will be available from April 21 at 2:00 p.m. Eastern Time through April 28 at midnight.
    Metris Companies Inc., based in Minnetonka, Minn., is one of the largest bankcard issuers in the United States. The company issues credit cards through Direct Merchants Credit Card Bank, N.A., a wholly owned subsidiary headquartered in Phoenix, Ariz. For more information, visit www.metriscompanies.com or www.directmerchantsbank.com.

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CONTACT: Metris Companies Inc., Minnetonka Investor/Public Relations: Jeff Grosklags, 952-525-5074 Fax: 952-358-4428

KEYWORD: MINNESOTA INDUSTRY KEYWORD: BANKING EARNINGS CONFERENCE CALLS SOURCE: Metris Companies Inc.

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