Press Release

Jefferies Adds Global Head of Technology M&A Investment Banking

NEW YORK, January 4, 2011 - Jefferies announced today the addition of Michael Tedesco to its Investment Banking Division as Global Head of Technology Mergers and Acquisitions and U.S. Head of Mergers & Acquisitions. Mr. Tedesco joins as a Managing Director and will be based in the firm's Silicon Valley office.

"Michael Tedesco is one of the most accomplished M&A bankers in the technology sector," commented Benjamin D. Lorello, Global Head of Investment Banking and Capital Markets at Jefferies. "His experience in advising on some of the most prominent technology, M&A sellside, buyside and takeover defense transactions, and his broader reputation in the mergers and acquisitions field make him the ideal person to lead our global technology M&A practice and to further expand our U.S. M&A franchise."

"We are very pleased to welcome Michael to Jefferies. His broad-based M&A experience and client relationships will be of great value in helping Jefferies continue to build our successful M&A business in the United States," added John E. Huwiler, Global Head of Mergers & Acquisitions at Jefferies.

Mr. Tedesco brings to Jefferies more than 16 years of investment banking experience with Salomon Brothers and its successor, Citigroup, where he most recently served as a Managing Director and Head of Technology Mergers & Acquisitions. Mr. Tedesco received his MBA from Harvard Business School and his BS from Montana State University.

Jefferies Group, Inc. (NYSE: JEF), a global securities and investment banking firm, has served companies and investors for 49 years.

For further information, please contact:

Tom Tarrant, Jefferies, 203 708 5989,
Desiree Maghoo, Jefferies, 44 20 7029 8085,