Resource America Authorizes Repurchase of up to 5% of Outstanding Common Stock

Resource America, Inc.

announced that its Board of Directors has authorized the Company to repurchase up to 5% of its outstanding common shares. The Company currently has outstanding approximately 19.9 million shares of common stock. Share repurchases may be made from time to time through open market purchases or privately negotiated transactions at the discretion of the Company and in accordance with the rules of the Securities and Exchange Commission, as applicable. The amount and timing of any repurchases will depend on market conditions and other factors.