Press Release

Jefferies Appoints Head of European OTC Fixed Income Derivatives Trading
Pedro Porfirio Joins in London

NEW YORK and LONDON, 27 September 2011 - Jefferies today announced the appointment of Pedro Porfirio as a Managing Director and Head of European Over-The-Counter (OTC) Fixed Income Derivatives Trading. He is based in the firm's London office.

"We are pleased to welcome Pedro to our team," commented Domenico Crapanzano, Head of European Rates Sales and Trading at Jefferies. "His product expertise and exceptional experience will enhance our Rates capabilities to benefit Jefferies' fixed income clients globally."

Jefferies' Global Rates team is based in the U.S., London, Paris, Milan, Singapore, Hong Kong and Tokyo with distribution as well as primary and secondary trading capabilities.

Mr. Porfirio brings to the firm more than 15 years of industry experience and joins the firm from State Street Bank & Trust, where he was a Managing Director and Head of European Rates Trading. Previously, he spent five years at Dresdner Kleinwort, where he was Global Head of Foreign Exchange Forward Trading, and before that he ran the Cross Currency Basis business globally. Prior to that, he spent four years at Lehman Brothers in New York trading Rates and Foreign Exchange. He received an MBA from the University of Michigan and a BS from the Instituto Tecnologico de Aeronautica in Brazil.

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:

Laura Ulbrandt, Leucadia, +1 212 460 1977,
Richard Khaleel, Jefferies, +1 212 284 2556,