The Randers Killam Group
to Merge with Thermo Electron

April 10, 2000
MUSKEGON, Mich., April 10 /PRNewswire/ -- The Randers Killam Group Inc. (AMEX:RGI) has received clearance from the Securities and Exchange Commission of its proxy materials and has set Monday, May 15, 2000, as the date for shareholders to vote on the proposal to merge Randers Killam into its ultimate parent company, Thermo Electron Corporation (NYSE:TMO). The special meeting will be held at 10 a.m., at Thermo Electron's corporate office, 81 Wyman Street, Waltham, Massachusetts.

All those holding stock at the close of business on April 6, 2000 (the record date), will be entitled to vote at the special meeting. Proxy materials relating to the meeting will be mailed to shareholders shortly.
Under the proposed agreement, The Randers Killam Group minority shareholders will receive $4.50 per share in cash in exchange for each share of company common stock held. The company's common stock will then cease to be publicly traded, and The Randers Killam Group will become a wholly owned subsidiary of Thermo Electron. Thermo Electron and Thermo TerraTech Inc., which together control 96 percent of the company's common stock, intend to vote all of their shares in favor of the merger agreement. Therefore, shareholder approval of the merger agreement is assured.