Jefferies

Press Release

FOR IMMEDIATE RELEASE
Jefferies Accelerates Declaration and Payment of First Quarter Dividend

NEW YORK, December 7, 2012 -- Jefferies Group, Inc. (NYSE: JEF) announced today that on December 6, 2012, its Board of Directors declared a quarterly dividend of $0.075 per share of common stock, payable on December 31, 2012 to stockholders of record on December 21, 2012.

Jefferies Group, Inc. (NYSE: JEF), the global investment banking firm focused on serving clients for over 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:

Peregrine C. Broadbent
Chief Financial Officer
Jefferies Group LLC
(212) 284-2338