FOR IMMEDIATE DISTRIBUTION

JEFFERIES ADDS ADDITIONAL SENIOR EQUITY CAPITAL MARKETS PROFESSIONAL

Charles Mather To Lead Private Placements And Pipe Transactions

NEW YORK, June 6, 2007 -- Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), today announced the hiring of Charles E. Mather as a Managing Director in the Firm’s Equity Capital Markets group to lead the origination and execution of equity private placements and PIPE (Private Investment in Public Equity) transactions, in conjunction with investment banking. Mr. Mather has over 20 years of investment banking and asset management experience, most recently as Head of the Private Equity Group at Cowen and Company.

“The addition of Charlie Mather will enhance our ability to provide origination and execution in the equity capital markets as part of our full-service investment banking platform,” commented Timothy E. Monfort, Head of Equity Capital Markets at Jefferies. “His relationships in the private equity community and transaction experience will add immediate value to our equity capital markets effort.”

“I am excited to apply my perspective and skills to support the continued growth of Jefferies’ equity underwriting practice and expertise in private placements and PIPEs,” said Mr. Mather. “The Firm’s focus on growing and midsized companies and its commitment to providing liquidity for small and mid-cap securities were key factors in my decision to join.”

Prior to joining Jefferies, Mr. Mather was a Managing Director and Head of the Private Equity Group at Cowen and Company, where he worked for ten years. Previously, he was group head of Smith Barney's Private Equity Placement Group. Mr. Mather also worked at subsidiaries of Prudential Investment Corporation where he focused on restructurings, leveraged buy-outs and high yield private placements. In total, Mr. Mather has assisted with transactions raising an aggregate $7 billion over the course of his career. He has an AB from Brown University and an MBA from the Wharton School of the University of Pennsylvania. He is a CFA and a member of the New York Society of Security Analysts.

Mr. Mather will be based in the Firm’s New York City headquarters office.


About Jefferies

Jefferies, a global investment bank and institutional securities firm, has served growing and mid-sized companies and their investors for 45 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).

For further information, please contact:
Tom Tarrant, Jefferies & Company, Inc., 203 708 5989, ttarrant@jefferies.com
Todd Miller, Cubitt Jacobs & Prosek, 203 378 1152, x149, tmiller@cjpcom.com