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FOR IMMEDIATE DISTRIBUTION

JEFFERIES HIRES HEAD OF INTERNATIONAL EQUITY CAPITAL MARKETS

London and New York, 3 December 2007 -- Jefferies International Limited, the UK subsidiary of US-based Jefferies Group, Inc. (NYSE: JEF), today announced the hiring of Rupert Mitchell as Head of International Equity Capital Markets. Mr. Mitchell joins Jefferies from Citigroup, where he was most recently Managing Director of Equity Capital Markets Structured Solutions.

Mr. Mitchell will be responsible for expanding the Firm's equity capital markets effort in Europe, the Middle East and Asia, including origination, execution and syndication of equity and equity-linked securities. His efforts will complement the efforts of Firm's established US-based equity capital markets team, led by Timothy E. Monfort.

David Weaver, President of Jefferies International, commented:
"Rupert Mitchell has exceptional experience in structuring creative financing solutions to meet the needs of growing companies globally. We are delighted that he is joining Jefferies to spearhead the continued development of the firm's international equity capital markets business."

Rupert Mitchell commented:
"Jefferies understands the complex financing needs of growth companies and is appropriately structured to serve them and their investors globally. Working with growth companies is both exciting and challenging, and I look forward to being a part of the Jefferies team at this important phase of the Firm's international development."

This appointment represents a further strengthening of Jefferies' international capital markets business. The Firm has made significant inroads in underwriting and placements for companies in Europe, India and China over the past few years.

Prior to his role as Managing Director of Equity Capital Markets Structured Solutions at Citigroup, Mr. Mitchell was based in Hong Kong as Regional Head for Asia Pacific of Equity-linked Capital Markets for that firm. Previously, Mr. Mitchell worked for ING Barings covering the Asian markets and Baring Brothers & Co in London.

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 nearly 30 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 ). Jefferies International Limited, a UK-incorporated, wholly owned subsidiary of Jefferies Group, Inc., was established in London in 1985.

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