Press Release

Jefferies Expands European Real Estate, Gaming and Lodging Investment Banking

LONDON and NEW YORK, 28 April 2011 – Jefferies today announced the addition of Michael Old, who joins as a Managing Director in Real Estate Investment Banking. He will be based in the firm’s London office.

“The addition of Michael Old to our European team, together with the recent additions of Simon Hampton as European Head of Real Estate, Gaming and Lodging Investment Banking and Steffen Doyle as European Head of Gaming and Lodging, positions Jefferies with the depth of senior banking capability to provide best-in-class advice, structuring capability and execution to this major industry sector,” said Benjamin D. Lorello, Global Head of Investment Banking and Capital Markets at Jefferies.

“Michael is a highly experienced real estate banker with a proven track record in real estate structured finance, debt capital raising and balance sheet restructuring,” added Mr. Hampton. “We are delighted he is now part of our team.”

Mr. Old brings to Jefferies nearly 17 years of real estate investment banking experience and joins the firm from Bank of America Merrill Lynch, where he was a Managing Director in the European Real Estate Structured Finance Group. Previously, he was an Executive Director at NM Rothschild and Sons in their real estate investment banking group focused on real estate structured finance. Mr. Old received his BSc degree with Honors from Sheffield Hallam University in the United Kingdom.

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,
Desiree Maghoo, Jefferies, 44 20 7029 8085,