Jefferies

Press Release

FOR IMMEDIATE RELEASE
Jefferies Supplemental Statement

NEW YORK and LONDON, November 3, 2011 – In response to further questions from its investors, Jefferies reported that, with respect to its short sovereign debt positions, all are in securities. Moreover, Jefferies has no credit-default swaps hedging its sovereign debt positions, which as previously indicated are short-term trading positions that turn over approximately three to four times per week.

In addition, Jefferies reported it has a limited number of routine regulatory reviews in process, all of which are insignificant in scope and absolutely immaterial to Jefferies.

Jefferies Group, Inc. (NYSE: JEF) is the global investment banking firm focused on serving clients for nearly 50 years. The firm is a leader in providing insight, expertise and execution to investors, companies and governments, and provides a full range of investment banking, sales, trading, research and strategy across the spectrum of equities, fixed income and commodities, in the U.S., Europe and Asia.

For further information, please contact:

Peregrine C. Broadbent
Chief Financial Officer
Jefferies Group LLC
(212) 284-2338