Resource America, Inc. Announces Additions to Resource Europe Management Team

Business Wire, August 7, 2006

PHILADELPHIA -- Resource America, Inc. (NASDAQ:REXI) (the "Company") announces today the addition of two new members of the Resource Europe Management Limited ("REM") team. The Company, which manages European leveraged loans, has hired David Stanbrook and Cecilia Pierantoni. Mr. Stanbrook, now a Senior Manager at REM, was previously at Sumitomo Trust for eleven years, where he was Head of the Leveraged Loan Department. There he oversaw a portfolio consisting primarily of senior European debt facilities in syndicated LBO, acquisition finance, and structured finance transactions. Before that he worked at Standard Chartered Bank where he was a credit analyst in the Credit Risk Management department.

Ms. Pierantoni comes from NIBC Bank N.V., where she originated European leveraged loans for the Collateral Management Department. There she had middle office and coordination functions between Fund Services and Collateral Management teams and she assisted in launching North Westerly CLO II and CLO III. Prior to that she worked at Scotiabank in Syndication and Corporate Finance.

Jonathan Z. Cohen, CEO and President of the Company, stated "We are delighted to welcome these new members to the Resource Europe Management team. They come well equipped to play key roles in the growth of this new corporate division."

Resource America, Inc. is a specialized asset management company that uses industry specific expertise to generate and administer investment opportunities for its own account and for outside investors in the financial services, real estate and equipment leasing industries. For more information please visit our website at www.resourceamerica.com or contact Investor Relations at pschreiber@resourceamerica.com.

Certain matters discussed within this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Resource America, Inc. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include financial performance, regulatory changes, changes in local or national economic conditions and other risks detailed from time to time in the Company's reports filed with the SEC, including quarterly reports on Form 10Q, reports on Form 8-K and annual reports on Form 10-K.