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Exhibit 99(a)
FOR IMMEDIATE RELEASE Press Contact: Marijo Ahlgrimm
703/934-3995
Investor Contact: Nicholas Burakow
703/934-3665
SUBSIDIARY OF KAISER GROUP INTERNATIONAL ANNOUNCES COMPLETION OF EXCHANGE OFFER
FAIRFAX, VA, November 17, 2000 Kaiser Group International, Inc. (OTCBB: KSRG)
announced today that its subsidiary, Kaiser Government Programs, Inc. (KGP), has
completed an exchange offer to recordholders, as of August 14, 2000, of Kaiser
Group International, Inc.'s senior subordinated notes due 2003. Such holders
were offered an opportunity to surrender their rights under a guarantee of their
notes previously issued by KGP in exchange for the right to cause KGP to
repurchase shares of preferred stock that will be issued to them pursuant to the
Plan of Reorganization of Kaiser Group International, Inc. if KGP receives
certain proceeds from Kaiser-Hill Company, LLC (KGP put rights). The holders of
approximately 99.4% of the principal amount of the notes accepted the exchange
offer. Certificates representing the KGP put rights will be distributed in
connection with the initial distribution made by Kaiser Group International,
Inc. under its Plan of Reorganization. Until certificates representing the KGP
put rights are distributed, the KGP put rights will trade together with the
notes as a single unit. Accordingly, if a noteholder who participated in the
exchange offer elects to trade its notes, the noteholder's right to receive the
Put Right Certificate will transfer together with the sold notes. However,
after certificates for the KGP put rights have been distributed, the KGP put
rights will trade as a security separate from the notes and under their own
CUSIP number.
