Jefferies

Press Release

FOR IMMEDIATE RELEASE
Jefferies Adds European Head of Lodging and Gaming Investment Banking

LONDON and NEW YORK, 24 February 2010 - Jefferies today announced the addition of Steffen R. Doyle, who joins as a Managing Director and European Head of Lodging and Gaming Investment Banking. Mr. Doyle will be based in the firm's London office.

"The Lodging and Gaming sectors of Europe are undergoing significant changes and represent important areas for both corporate and sponsor-based financing and M&A activity over the next several years," said Benjamin D. Lorello, Global Head of Investment Banking and Capital Markets at Jefferies. "Steffen Doyle's industry relationships and significant transaction experience in both Europe and the U.S. will strongly position Jefferies to serve our European clients in these important sectors."

In a joint statement, Dominic Lester, Joint Head of European Investment Banking at Jefferies, and Simon P. Hampton, European Head of Real Estate, Gaming and Lodging Investment ("REGAL") Banking, added, "We are pleased to welcome Steffen to our European investment banking team, and believe his cross-border experience and client relationships will be immediately accretive to our existing European REGAL franchise and will integrate extremely well with our U.S. REGAL franchise."

Mr. Doyle brings to Jefferies 12 years of investment banking experience and joins the firm from Bank of America Merrill Lynch, where he was most recently Head of European Lodging and Gaming Investment Banking. He received his BA degree from the University of Notre Dame, where he graduated with honours.

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, ttarrant@jefferies.com
Desiree Maghoo, Jefferies, 44 20 7029 8085, dmaghoo@jefferies.com