Press Release

BNY Mellon Clearing, LLC Selects Jefferies Bache to Partner on Clearing Initiatives

NEW YORK and LONDON, November 16, 2011 – Jefferies Group, Inc. today announced that Jefferies Bache was selected by BNY Mellon Clearing, LLC to provide clearing services and support for its futures commission merchant offering.

Patrice Blanc, Chairman and Chief Executive Officer of Jefferies Bache, said, "We are excited about this new partnership with BNY Mellon Clearing, LLC as it enables us to leverage our commodity expertise, global reach and innovative IT solutions to provide comprehensive clearing services."

Sanjay Kannambadi, Chief Executive Officer of BNY Mellon Clearing, said, As we work to meet our clients needs in a market migrating to a centralized clearing environment, we are pleased to join forces with Jefferies Bache as one of the leading providers in the space.”

About Jefferies Group, Inc.

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.

About BNY Mellon Clearing, LLC

BNY Mellon Clearing, LLC is a U.S. registered futures commission merchant and a member of the National Futures Association. The company clears futures and derivatives trades on behalf of its institutional clients. It is a wholly-owned, non-bank subsidiary of The Bank of New York Mellon Corporation, the global leader in investment management and investment services.

For further information, please contact:

Laura Ulbrandt, Leucadia, +1 212 460 1977,
Richard Khaleel, Jefferies, +1 212 284 2556,