FOR IMMEDIATE DISTRIBUTION

JEFFERIES APPOINTS NEW MANAGEMENT TEAM FOR LEADING RESTRUCTURING PRACTICE

NEW YORK, April 21, 2008 -- The Jefferies investment bank today announced the appointment of a new management team for the Firm’s leading recapitalization and restructuring advisory group. Managing Directors Michael J. Henkin and Steven R. Strom will lead Jefferies’ longstanding business of advising companies in financial distress, as well as affected creditors, other stakeholders, and potential purchasers. Messrs. Henkin and Strom, along with Managing Director Thomas C. Carlson and additional professionals, comprise a team of over 40 investment bankers actively engaged on restructuring assignments. Collectively, Messrs. Henkin, Strom and Carlson, have nearly 40 years of experience in restructuring advisory and over 20 years at Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF).

“These experienced and dedicated professionals will provide broad perspective and unified leadership to our established team in leveraging the firm’s full-service investment banking platform for clients,” commented Richard B. Handler, Chairman and Chief Executive Officer of Jefferies. "We have been leaders in restructuring since 1990, and the breadth and depth of our cohesive team will maintain the Firm’s leading position in this business, an area of both opportunity and critical importance to our clients given the current market cycle."

In a statement, Messrs. Henkin and Strom said, "We are excited to partner in driving the continued growth of Jefferies’ leading restructuring practice as we enter into a period of increased activity in the markets for companies in various stages of transition. Our team is extremely well-positioned to provide advice and add value to our clients with the resources and full capabilities of the Firm behind us.”

Jefferies has advised on some of the most significant recent in- and out-of-court restructurings. The firm is currently advising on more than 20 active restructuring engagements representing over $25 billion in aggregate value.


About Jefferies

Jefferies, a global investment bank and institutional securities firm, has served growing and mid-sized companies and their investors for over 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
Josh Passman, Cubitt Jacobs & Prosek, 212 279 3115, x203, jpassman@cjpcom.com