**Exhibit 21**

 

**KAISERGROUP HOLDINGS, INC.**12303 Airport Way, Suite 125

Broomfield, CO 80021(720) 889-2770

 

Kaiser Group Holdings, Inc.’sconsolidated subsidiaries are listed below. Consolidated subsidiaries which are less than wholly owned are indicatedby the ownership percentage figure in parentheses following the name of theconsolidated subsidiary.

 
| **Consolidated Subsidiary** |                              | **Jurisdiction  of Formation**               |
|-----------------------------|-----------------------------------|----------------------------------------------|
| I.                          | Kaiser Group  International, Inc. |                                         | Delaware |
|                        | II.                               | Kaiser  Analytical Management Services, Inc. |   | Delaware |
|                        | II.                               | Kaiser  Engineers Group, Inc.                |   | Delaware |
|                        |                              | III.                                         | Henry J.  Kaiser Company |   | Nevada |
|                        |                              | III.                                         | Kaiser  Engineers, Inc. |   | Ohio |
|                        |                              |                                         | IV. | KRGW Company  (Canada), Inc. |   | Canada |
|                        |                              |                                         | IV. | Kaiser  Overseas Engineering, Inc. |   | Delaware |
|                        |                              |                                         | IV. | Kaiser  Engineers and Constructors, Inc. |   | Nevada |
|                        |                              |                                         |   | V. | Kaiser  Engenharia, S.A. (50%) |   | Portugal |
|                        |                              |                                         | IV. | Kaiser  Engineers International, Inc. |   | Nevada |
|                        |                              |                                         |   | V. | Kaiser  Engenharia, S.A. (50%) |   | Portugal |
|                        | II.                               | Kaiser  Engineers Massachusetts, Inc.        |   | Delaware |
|                        | II.                               | Kaiser  Government Programs, Inc.            |   | Delaware |
|                        |                              | III.                                         | Kaiser K-H  Holdings, Inc. |   | Delaware |
|                        |                              |                                         | IV. | Kaiser-Hill  Company, LLC (50%) |   | Colorado |
|                        |                              |                                         |   | V. | Kaiser-Hill  Funding Company, L.L.C. (98%) |   | Delaware |
|                        |                              |                                         | IV. | Kaiser-Hill  Funding Company, L.L.C. (1%) |   | Delaware |
|                        | II.                               | Kaiser  Hanford Company                      |   | Delaware |
|                        | II.                               | Kaiser  Holdings Unlimited, Inc.             |   | Delaware |
|                        |                              | III.                                         | Kaiser  Engineers Eastern Europe, Inc. |   | Delaware |
|                        |                              |                                         | IV. | Kaiser  Netherlands B.V. (10%) |   | Netherlands |
|                        |                              | III.                                         | Kaiser  Netherlands B.V. (90%) |   | Netherlands |
|                        | II.                               | Kaiser  Technology Holdings, Inc.            |   | Delaware |
|                        |                              | III.                                         | Kaiser  Advanced Technology, Inc. |   | Idaho |
|                        | II.                               | Monument  Select Insurance Company           |   | Vermont |
|                        |                              | III.                                         | MSIC, Inc. |   | Delaware |
|                        | II.                               | Tudor  Engineering Company                   |   | Delaware |

 

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