Kaiser Group Holdings, Inc. Announces New Directors

Kaiser Group Holdings, Inc. (Pink Sheets: KGHI), a Delaware holding company with its corporate headquarters located in Birmingham, Alabama (“Company”), has announced that it has voted to seat Mr. Harold T. “Skip” Bowling and Mr. Nicholas Burakow on its Board of Directors. Mr. Bowling served as an Executive with Lockheed Martin for 43 years and President of Lockheed Martin Aeronautics International (military/commercial aircraft maintenance/modification business) from 1995 until his retirement in 1997. In 1999, he was appointed to the Board of Pemco Aviation Group, Inc. (later known as Alabama Aircraft Industries, Inc.) and became Vice Chairman in 2000. He served on the Board until 2011. Mr. Bowling also serves on the Board of Trustees for St. Joseph Hospital in Burbank, California. Mr. Bowling received a B.S. in Aeronautical Engineering from the Georgia Institute of Technology and an M.B.A. from Georgia State University.

Mr. Burakow, formerly Executive Vice President and Chief Financial Officer of the Company, brings over 25 years senior executive experience managing international trade and financial operations in both the private and public sectors. Mr. Burakow is fluent in several languages and holds a Bachelor of Science in Management Science from Rensselaer Polytechnic Institute, a Masters in Operations Research and Statistics and a PhD and MA in Economics from the University of Notre Dame. He spent 12 years with the US Department of State’s Foreign Service in various diplomatic assignments abroad and in Washington, DC, including the position of Director of the Office of Monetary Affairs. He joined ICF Kaiser International, Inc. in 1987. He has recently resigned his position with the Company as its headquarters was being relocated to Alabama to consolidate offices with Kaiser Aircraft Industries, Inc., its subsidiary.

This press release contains forward-looking statements as defined by federal securities laws. Statements contained in this press release which are not historical facts are forward-looking statements. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. A number of factors could cause actual results, performance achievements of Kaiser or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. These factors include, but are not limited to, Kaiser's ability to obtain and to successfully execute on government contracts, economic and regulatory conditions, inflation and certain other factors. There can be no assurance that such factors or other factors will not affect the accuracy of such forward-looking statements. Kaiser undertakes no obligation to update these statements following the date of this press release, except as required by law. In addition, Kaiser, through its senior management, may make from time to time forward-looking public statements concerning the matters described herein. Such forward-looking statements are necessarily estimates reflecting the best judgment of Kaiser’s senior management based upon current information and involve a number of risks and uncertainties, and are subject to the factors described herein.