Jefferies

Press Release

FOR IMMEDIATE RELEASE
Jefferies Adds to Global Fixed Income Business

Alix Bernard Joins in International Credit Sales

NEW YORK, LONDON and PARIS, 24 March 2011 -- In the continued development of the firm's Fixed Income Division, Jefferies today announced the appointment of Alix Bernard as a Managing Director in European Credit Sales. She is based in the firm's Paris office.

"We are delighted that Alix has joined Jefferies in Paris to focus on our institutional clients based in France," commented Jon Pliner, Head of Jefferies' European Credit Business. "Her knowledge, experience and relationships will make an immediate contribution to the firm's leading fixed income platform as we continue to expand our business globally."

Ms. Bernard brings to Jefferies more than 20 years of fixed income experience. She joins the firm from Liquid Capital Securities, where she was Head of European Credit Sales. Previously, Ms. Bernard spent five years at Dresdner Kleinwort as Head of Credit Sales for France and Benelux. Prior to that, she spent 17 years at Calyon (previously Banque Indosuez) where she held a variety of fixed income sales positions. She received a Master's from Dauphine Universite Paris.

This announcement follows the appointments of Alessandra Frontini and Michela Molendi, who joined Jefferies' European credit sales and trading group as Senior Vice Presidents based in the firm's Milan office. Ms. Frontini, who has more than 11 years of fixed income sales experience, joined from Morgan Stanley, where she spent five years and was an Executive Director for Credit Sales. Ms. Molendi has over 14 years of fixed income sales experience, including seven years at Dresdner Kleinwort.

Jefferies' broader fixed income business now has more than 500 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.

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