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JEFFERIES PUTNAM LOVELL STRENGTHENS BANKING TEAM WITH HIRE OF KARAMVIR GOSAL AS MANAGING DIRECTOR

NEW YORK, September 4, 2008 – Jefferies Putnam Lovell, the investment banking group of Jefferies & Company, Inc. focused on the asset management and financial technology industries, is pleased to announce that Karamvir Gosal has rejoined the firm as Managing Director.

Mr. Gosal, 35, returned to New York-based Jefferies Putnam Lovell on August 25, after more than a year at Credit Suisse Group, where he served as a Director in that firm’s investment banking Financial Institutions Group. While at Credit Suisse, Mr. Gosal advised on several transactions in the alternative asset management space, and on the sale of American Beacon Advisors to Lighthouse Holdings.

Previously, Mr. Gosal worked at Jefferies Putnam Lovell’s predecessor organization from 2000 through June 2007, as an Associate, Vice President, and Director. While at Putnam Lovell, Mr. Gosal advised on transactions such as: Piper Jaffray in its acquisition of Fiduciary Asset Management; Deutsche Bank in its sale of certain regional offices of Scudder Private Investment Counsel to Legg Mason and Eaton Vance; and the sale of Evaluation Associates Capital Markets to Mellon Financial. Before Putnam Lovell, Mr. Gosal worked at Barra Strategic Consulting Group.

‘’We’re delighted Karamvir Gosal has joined Jefferies Putnam Lovell,’’ said Chris Kanoff, co-Head of Investment Banking at Jefferies. ‘’He is an experienced banker who adds more depth to our successful Jefferies Putnam Lovell industry group, which is a proven leader in advising global clients on transactions involving traditional and alternative asset managers.’’

‘’I’m thrilled to be working with Karamvir again,’’ said Aaron Dorr, Managing Director at Jefferies Putnam Lovell. ‘’He will play an important role in working with our clients as they seek to navigate safely and profitably through the current difficult financial straits and beyond.’’

‘’I’m excited to rejoin my former colleagues and contribute to the growth of Jefferies Putnam Lovell,’’ said Karamvir Gosal. ‘’Under the Jefferies banner, our clients have access to enhanced and significant global capabilities and superlative talent.’’

Mr. Gosal earned a Bachelor’s degree in Business Economics from the University of Delhi and an MBA from the University of Rochester’s William E. Simon Graduate School of Business.

About Jefferies Putnam Lovell

Jefferies Putnam Lovell, the division of Jefferies & Company, Inc. focused on the financial institutions industry, offers a wide range of corporate advisory services, including mergers and acquisitions advice and capital raising. Jefferies Putnam Lovell’s global client base is comprised of diversified financial services firms, institutional and mutual fund managers, alternative investment managers, banks, broker-dealers, insurers, and financial technology firms. Putnam Lovell was founded in 1987 and today operates from offices in New York, San Francisco, and London. Since July 2007, Putnam Lovell has been a division of Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF). For more information please visit www.jefferies.com/jpl


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)

Contact:

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

Richard Chimberg
CL-Media Relations, LLC
617-312-4281
rich@cl-media.com

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