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Kaiser Ventures LLC is a
unique company currently managing investments in recycling and solid waste management.
Kaiser Ventures LLC, a Delaware limited liability company, was formed in 2001
and merged with Kaiser Ventures, Inc. in November 2001. Unless otherwise noted,
"Kaiser" or "the Company" refers to both the past and on-going
operations of Kaiser Ventures Inc., and Kaiser Ventures LLC.

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Since1988 when Kaiser came
out of bankruptcy, the Company's strategy has been to create significant
value
and new growth opportunities by redeploying the underutilized and undervalued
assets of the former steel giant through innovative projects, strategic investments,
and partnerships with recognized industry leaders. The key to this strategy
has
been the Company's ability to trigger and realize the underlying value of these
assets and investments at the point when the Company believes it has achieved
attractive market values. This strategy has produced
excellent
results, culminating in 2001 with the distribution of $10.00 per share to all
Kaiser shareholders as of the date Kaiser Ventures, Inc. merged with Kaiser
Ventures
LLC. Including the $2.00 per share distribution in 2000, Kaiser has now distributed
a total of $12.00 per share to its shareholders/members since December 2000.
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