Press Release

Jefferies Adds to Global Fixed Income Business

Danford Peterson Joins in Municipal Securities Trading

NEW YORK, April 4, 2011 -- In the continued development of the firm's Fixed Income Division, Jefferies today announced the appointment of Danford Peterson as a Managing Director in Municipal Securities Trading. He is based in the firm's New York office.

"We are pleased to welcome Danford to Jefferies," commented James McGinley, Head of Municipal Markets at Jefferies. "His considerable product experience, solid relationships and proven track record will complement our existing team as we continue to build our municipal securities business to better serve our clients."

Jefferies' Municipal Securities Group is comprised of more than 100 professionals focused on the banking, sales and trading of municipal securities. With professionals across the U.S., Jefferies offers significant access and coverage in all areas of public finance.

Jefferies' broader fixed income business now has nearly 525 professionals globally who are focused on the sales and trading of investment grade corporate bonds, high yield bonds, government and agency securities, repo finance, mortgage- and asset-backed securities, municipal bonds, whole loans, leveraged loans, distressed securities and emerging markets debt.

Mr. Peterson joins Jefferies from PIMCO, where he was a Portfolio Manager focused in municipals as a Senior Vice President. Previously, he spent more than 10 years with Goldman Sachs, and was most recently a Vice President on that firm's Municipal Trading Desk. He received a Master of Engineering Management and a Bachelor of Engineering from Dartmouth College, and a BS in Physics from Bates College.

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,