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JEFFERIES GROUP, INC. ANNOUNCES MANAGEMENT CONFERENCE CALL TO DISCUSS 2007 THIRD QUARTER FINANCIAL RESULTS

NEW YORK, October 11, 2007 -- Jefferies Group, Inc. (NYSE: JEF) today announced that it will hold a conference call with management to discuss 2007 third quarter and year-to-date 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 call will be held on Tuesday, October 16, 2007 at 9 AM eastern (date and time subject to change). For listen-only access to the management discussion, please call (706) 634-9290 ten minutes prior to the scheduled start time. A webcast and a delayed replay will also be available at www.jefferies.com.

Jefferies’ earnings press release will be distributed via Business Wire at approximately 8:00 AM eastern on October 16, 2007. To view the press release on or after October 16, 2007, please visit www.jefferies.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 October 16th.


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