FOR IMMEDIATE RELEASE

Jefferies Group, Inc. Announces Management Conference Call To Discuss 2005 Fourth Quarter and Year-End Financial Results

NEW YORK--(BUSINESS WIRE)--Jan. 5, 2006--Jefferies Group, Inc. (NYSE:JEF) announced today a conference call with Management to discuss 2005 fourth quarter and year-end financial results. Participants on the call will include: Richard B. Handler, Chairman and CEO; Brian P. Friedman, Executive Committee Chairman; and Joseph A. Schenk, CFO.

The conference call will be held on Wednesday, January 18, 2006 at 9am (EST) (date and time subject to change). For listen-only access to the management discussion, please call 617-801-9714 (passcode: 58602490) ten minutes prior to the scheduled start time. A live audio webcast and a delayed replay will also be available at www.jefferies.com and www.streetevents.com.

Questions for consideration by Management during the conference call can be submitted in advance through the "Contact Us" function at www.jefferies.com or by calling 203-708-5975 before 8:30 AM Eastern on January 18th.

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

SOURCE: Jefferies Group, Inc.