Jefferies

Press Release

FOR IMMEDIATE RELEASE
Jefferies Expands Telecommunications Equity Research
Tom Seitz Launches Coverage on 12 U.S. Telecommunications Companies

NEW YORK, November 16, 2011 – Jefferies announced the addition of Thomas O. Seitz as a Managing Director and Equity Research Analyst covering U.S. Telecommunications companies. He is based in the firm’s New York office and today launched coverage on 12 companies, including AT&T, Century Link, Cogent Communications Group, Frontier Communications, Leap Wireless, MetroPCS, RigNet, Sprint Nextel, SureWest, tw telecom, Verizon and Windstream.

"The Technology, Internet, Media and Telecommunications sectors are areas of strategic focus for Jefferies, and Tom’s significant experience covering the spectrum of U.S. telecommunications stocks and his expertise in related regulatory matters will significantly deepen Jefferies’ existing coverage of this dynamic industry,” commented Steven R. Black, Global Head of Equity Research at Jefferies. “His addition demonstrates our commitment to hiring highly qualified analysts to provide best in class research and ideas to our global institutional client base.”

Mr. Seitz joins Jefferies’ established global research effort dedicated to Telecommunications, which includes Jerry Dellis and Ulrich Rathe, senior European telecommunications analysts, Cynthia Meng, China telecommunications analyst, and Romeo Reyes, senior U.S. leveraged credit analyst and Head of Leveraged Credit Research at Jefferies.

Jefferies’ broader Technology, Internet, Media and Telecom Equity Research team is comprised of 27 senior analysts in New York, San Francisco, London, Hong Kong, Mumbai and Tokyo covering approximately 240 stocks in the Computer Services & IT Consulting, Data Networking, Internet, Media, Software, Computer Hardware, Telecommunications Equipment, Semiconductors and Telecommunications Services industries.

Jefferies and its affiliates have 300 equity and leveraged credit research professionals in the U.S., Europe and Asia covering 2,000 companies in the areas of aerospace & defense, clean technology, consumer, energy, financial services, gaming, lodging & leisure, healthcare, industrials, maritime, media, real estate, REITS, technology, telecommunications and utilities.

Mr. Seitz brings to Jefferies nearly 20 years of experience, and joins the firm from Height Analytics, an equity research boutique firm, where he was a Managing Director covering the TMT industry. Previously, he was a Senior Vice President in Telecom Equity Research at Barclays, where he spent 10 years and was highly ranked in The Wall Street Journal “Best on the Street” analyst survey. Prior to that, he held business development roles at Worldwide Direct and MCI. He received an MBA from the Kelley School of Business at Indiana University and a BA from the University of Notre Dame.

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, as well as offers select asset and wealth management strategies, in the U.S., Europe and Asia.

For further information, please contact:

Laura Ulbrandt, Leucadia, +1 212 460 1977, lulbrandt@leucadia.com
Richard Khaleel, Jefferies, +1 212 284 2556, rkhaleel@jefferies.com