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FOR IMMEDIATE RELEASE

Jefferies to Donate Today's Trading Commissions to Katrina Relief Efforts

NEW YORK, Sep 12, 2005 (BUSINESS WIRE) -- Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), announced that the firm will donate its net equity trading revenues and commissions from today, along with voluntary employee donations, to relief efforts for Hurricane Katrina. Donations will be made to chapters of the American Red Cross directly involved in the relief efforts. The firm and its employees conducted similar efforts to benefit victims of the Asian Tsunami earlier this year, and to aid those affected by the 9/11 terrorist attacks in 2001.

"All of us at Jefferies have been deeply affected by the tragic losses caused by Hurricane Katrina. Today, our firm will work together with our trading clients to contribute to those affected by this catastrophic event," commented Richard B. Handler, Chief Executive Officer of Jefferies.

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 25 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).

SOURCE: Jefferies & Company, Inc.

Jefferies & Company, Inc.
Tom Tarrant, 203-708-5989
ttarrant@jefferies.com

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