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FOR IMMEDIATE RELEASE Jefferies Group, Inc. Names New General Counsel; Lloyd Feller Joins Growing Investment Bank NEW YORK--(BUSINESS WIRE)--Nov. 18, 2002--Jefferies Group, Inc. (NYSE: JEF) today announced that Lloyd H. Feller has been named Executive Vice President, General Counsel, and Secretary. He will assume these positions for both Jefferies Group, Inc. and its principal operating subsidiary, Jefferies & Company, Inc. Mr. Feller replaces Jerry M. Gluck, who will be retiring following eighteen years of service in a similar position at Jefferies. "Jerry Gluck has played an important part in the growth of Jefferies," commented Richard B. Handler, Chairman and CEO of Jefferies. "We also want to thank Jerry for helping to recruit his successor, Lloyd Feller. Before joining Wit Capital in 1999, Lloyd helped represent Jefferies as outside counsel for over 15 years. His extensive and varied background will be invaluable to us as we continue to grow in this difficult environment," added Mr. Handler. "We are delighted that Lloyd Feller shares our vision for the future. I look forward to working with him on the many challenging issues facing our industry," said John C. Shaw, Jr., President of Jefferies. Mr. Feller joins Jefferies from SoundView Technology Group, where he served as a Senior Vice President, Secretary and General Counsel since 1999. Mr. Feller is a member of the NASD's Legal Advisory Board and E-Brokerage Committee and the Market Operations Committee of the Nasdaq Stock Market. Prior to joining SoundView's predecessor, Wit Capital Group, in 1999, Mr. Feller was a partner at Morgan Lewis & Bockius LLP, where he was the leader of that firm's securities regulation practice group. Before joining Morgan Lewis, Mr. Feller worked at the SEC as the Associate Director of the Division of Market Regulation, a position in which he was in charge of the Office of Market Structure and Trading Practices. Mr. Feller is a graduate of the Wharton School at the University of Pennsylvania and New York University School of Law. About Jefferies Jefferies Group, Inc. (NYSE: JEF) is a holding company whose affiliated companies, including its principal operating subsidiary, Jefferies & Company, Inc., offer a variety of services for institutional investors and growth companies. Subsidiaries of Jefferies Group, Inc., together, comprise a full-service investment bank and institutional securities firm focused on the middle market. Jefferies offers financial advisory, capital raising, mergers and acquisitions, and restructuring services to small and mid-cap companies. The firm provides outstanding trade execution in equity, high yield, convertible and international securities, as well as fundamental research and asset management capabilities, to institutional investors. Additional services include correspondent clearing, prime brokerage and securities lending. The firm's leadership in equity trading is recognized by numerous consulting and survey organizations, and Jefferies' subsidiary, Helfant Group, Inc., executes more than ten percent of the daily reported volume on the NYSE. Through its subsidiaries, Jefferies Group, Inc. employs more than 1,300 people in 20 offices worldwide, including Atlanta, Boston, Chicago, Dallas, Hong Kong, London, Los Angeles, New York, Paris, San Francisco, Tokyo and Zurich. Further information about Jefferies, including a description of investment banking, trading, research and asset management services, can be found at www.jefco.com. --30--jtp/ny CONTACT:
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