X0202 4 2005-12-30 0 0000856200 KAISER GROUP HOLDINGS INC KGHI 0001018962 TENNENBAUM & CO LLC 2951 28TH ST. # 1000 SANTA MONICA CA 90405 0 0 1 0 Common Stock, par value $0.01 per share 2005-12-30 5 G 0 E 400000 D 352899 I See Footnotes Not applicable to this transaction. Beneficially owned as follows: (a) 77,924 shares by Tennenbaum & Co., LLC; and (b) 274,975 shares by Michael E. Tennenbaum and Suzanne S. Tennenbaum, trustees of the Tennenbaum Living Trust. Statement for December 30, 2005 JOINT FILER INFORMATION: NAME OF JOINT FILER: Suzanne E. Tennenbaum, as a trustee of the Tennenbaum Living Trust ADDRESS: c/o Tennenbaum & Co., LLC 2951 28th Street, #1000, Santa Monica, California 90405 DESIGNATED FILER: TENNENBAUM & CO., LLC ISSUER & TICKER SYMBOL: KAISER GROUP HOLDINGS, INC. (KGHI) STATEMENT FOR December 30, 2005 MONTH/DAY/YEAR: SIGNATURE: /s/ David A. Hollander, by power of attorney ---------------------------------------- by Michael E. Tennenbaum on behalf of Suzanne S. Tennenbaum (1) (1) See Confirming Statement of Suzanne S. Tennenbaum attached hereto. Statement for December 30, 2005 By reason of Michael E. Tennenbaum?s position as managing member of Tennenbaum & Co., LLC ("TCO") and as a trustee of the Tennenbaum Living Trust (the "Living Trust"), Mr. Tennenbaum may be deemed to share the powers of voting and disposition of the securities described herein. TCO may be deemed to share the powers of voting and disposition of the securities owned of record by TCO described herein. By reason of Suzanne S. Tennenbaum?s position as a trustee of the Living Trust, Suzanne S. Tennenbaum may be deemed to share the powers of voting and disposition of the securities owned of record by the Living Trust described herein. The reporting persons disclaim beneficial ownership of the reported securities, except to the extent of their pecuniary interest therein. See Joint Filer Information below. JOINT FILER INFORMATION: NAME OF JOINT FILER: Michael E. Tennenbaum ADDRESS: 2951 28th Street, #1000, Santa Monica, California 90405 DESIGNATED FILER: TENNENBAUM & CO., LLC ISSUER & TICKER SYMBOL: KAISER GROUP HOLDINGS, INC. (KGHI) STATEMENT FOR December 30, 2005 MONTH/DAY/YEAR: SIGNATURE: /s/ David A. Hollander, by power of attorney ---------------------------------------- Michael E. Tennenbaum This Statement confirms that the undersigned, Suzanne S. Tennenbaum, has authorized and designated Michael E. Tennenbaum to execute and file on the undersigned's behalf all Forms 3, 4 and 5 (including any amendments thereto) that the undersigned may be required to file with the U.S. Securities and Exchange Commission as a result of the undersigned's ownership of or transactions in securities of Kaiser Group Holdings, Inc. The authority of Michael E. Tennenbaum under this Statement shall continue until the undersigned is no longer required to file Forms 3, 4 or 5 with regard to her ownership of or transactions in securities of Kaiser Group Holdings, Inc., unless earlier revoked in writing. The undersigned acknowledges that Michael E. Tennenbaum is not assuming any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934, as amended. Dated: January 29, 2003 /s/ Suzanne S. Tennenbaum Suzanne S. Tennenbaum /s/ David A. Hollander, by power of attorney Michael E. Tennenbaum, as Managing Member of Tennenbaum & Co., LLC 2006-01-03