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FOR IMMEDIATE RELEASE

Revised Day and Time: Jefferies to Present at the Sandler O'Neill & Partners Financial Services Conference

NEW YORK--(BUSINESS WIRE)--June 6, 2005--Jefferies Group, Inc. (NYSE: JEF) today announced that Richard B. Handler, Chairman and Chief Executive Officer, will present at the 2005 Financial Services Conference hosted by Sandler O'Neill & Partners, L.P. in New York City on Wednesday, June 8, 2005 at 4:15 PM Eastern.

An audio webcast of the presentation will be broadcast live over the Internet and can be accessed via www.jefferies.com (under "News & Events" then "Events / Conferences"), as well as www.sandleroneill.com. An audio replay of the presentation will also be available for seven days.

About Jefferies

Jefferies, a global investment bank and institutional securities firm, has served growing and mid-sized companies and their investors for over 40 years. Headquartered in New York, with more than 20 offices around the world, Jefferies provides clients with capital markets and financial advisory services, institutional brokerage, securities research and asset management. The firm is a leading provider of trade execution in equity, high yield, convertible and international securities for institutional investors and high net worth individuals. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF; www.jefferies.com).

CONTACT:
Jefferies Group, Inc.
Tom Tarrant, 203-708-5975
ttarrant@jefferies.com

SOURCE: Jefferies Group, Inc.

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