Jefferies

Press Release

FOR IMMEDIATE RELEASE
Jefferies Strengthens Midstream Energy Investment Banking

NEW YORK and LONDON, July 24, 2012 – Jefferies today announced that Peter Bowden has joined the firm as a Managing Director and Global Head of Midstream Energy Investment Banking.  He will be based in the firm’s Houston office.

"Our Energy investment banking franchise is among the largest and most respected in the world,” commented Benjamin D. Lorello, Global Head of Investment Banking and Capital Markets at Jefferies.   "With Peter’s arrival, as well as a team recently hired to support Peter, we now have firmly established ourselves in the $300 billion Midstream Energy sector and in master limited partnership (“MLP”) equity issuance, which represents a major source of equity financing in the United States.”

“We welcome Peter to our team, as he is an incredibly well respected energy investment banker with extensive experience in the Midstream Energy sector and an acknowledged expert in MLPs,” commented Ralph Eads, Global Head of Energy Investment Banking at Jefferies.  “With Peter’s superior knowledge and expertise in Midstream Energy and our global footprint in the energy sector, Jefferies is in an even better position to provide strategic M&A and capital markets advice to energy producing and energy consuming companies in the global markets."

Mr. Bowden has over 14 years of experience in the energy sector and joins Jefferies from Morgan Stanley, where he was Managing Director and Head of Midstream Energy Investment Banking, based in Houston.  His career in Midstream Energy began in the legal profession at Andrews Kurth LLP, where he was principally focused on structuring master limited partnerships and negotiating Midstream transactions.  Mr. Bowden is widely recognized for the breath of his experience, having advised on several of the most significant mergers, acquisitions and joint ventures in the Midstream sector and having bookrun more than 50 equity financings for MLPs over the past few years.  Mr. Bowden received his undergraduate degree from Harvard University and his law degree from the University of Virginia.

Jefferies Group, Inc. (NYSE: JEF), the global investment banking firm focused on serving clients for 50 years, is a leader in providing insight, expertise and execution to investors, companies and governments.  The firm provides a full range of investment banking, sales, trading, research and strategy across the spectrum of equities, fixed income, foreign exchange, futures and commodities, and also select asset and wealth management strategies, in the Americas, Europe and Asia.

For further information please contact:

Richard Khaleel, Jefferies, +1 212 284 2556, rkhaleel@jefferies.com
Sara-Louise Boyes, Jefferies, +44 (0)20 7029 8022, sboyes@jefferies.com