Jefferies

Press Release

FOR IMMEDIATE RELEASE
Jefferies Strengthens UK Equity Research Coverage

Ian Rennardson and Andrew Lee Join to Lead Coverage of UK Travel and Leisure

NEW YORK and LONDON, 16 June 2011 – Jefferies announced today the hiring of Ian Rennardson as a Managing Director and Senior Analyst and Andrew Lee as a Senior Vice President and Senior Analyst to lead the firm’s equity research coverage of the UK Travel and Leisure sector. Specifically, they will cover the Lodging, Gaming, Travel, Cruise and Food Service industries. Both will be based in London.

“We are delighted to welcome Ian and Andrew to Jefferies and believe they are both highly respected coverage analysts who will form a powerful research team on the sector,” commented Richard David Taylor, Head of Equity Research EMEA at Jefferies. “We continue to expand our UK Equities franchise across both products and services, adding qualified professionals like these who know their industries well and have experienced a wide variety of market conditions.”

Jefferies and its affiliates have more than 240 equity and fixed income research professionals in the U.S., Europe and Asia covering over 1,800 companies in the areas of aerospace & defense, clean technology, consumer, energy, financial services, gaming, lodging & leisure, healthcare, industrials, maritime, media & entertainment, real estate, technology, telecommunications and utilities.

Mr. Rennardson brings to Jefferies more than 20 years of equity research experience, and joins from Bank of America Merrill Lynch, where he spent 14 years and was a Managing Director and Head of European Travel & Leisure research. He was ranked #1 in the 2010 Financial Times / StarMine Analyst Survey, #2 in the Institutional Investor 2010 Analyst Survey and #2 in the 2009 Extel Survey. Previously, he worked in Equity Research at Credit Lyonnais Laing and Yamaichi International. He received an MBA with distinction from Warwick Business School and a BSc (Hons) in Applied Physics from Bradford University.

Mr. Lee brings to Jefferies more than 11 years of equity research experience, and joins from Bank of America Merrill Lynch, where he was Specialist Sales for Travel & Leisure. Previously, he spent nine years at Dresdner Kleinwort where he led the Leisure research team as a Director in Travel & Leisure Equity Research. While at that firm, he was ranked in the Financial Times / StarMine Analyst Survey and Extel Survey multiple times in the Travel & Leisure category. Prior to that, he worked in Management Consulting at Arthur Andersen and as a chartered accountant at PriceWaterhouseCoopers. He received a BA (Hons) from Manchester University.

Jefferies Group, Inc. (NYSE: JEF), a global securities and investment banking firm, has served companies and investors for nearly 50 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