FOR IMMEDIATE DISTRIBUTION

JEFFERIES EXPANDS GLOBAL MBS/ABS PLATFORM

Industry Veteran Cyril Paillard Joins in Paris

PARIS, LONDON and NEW YORK, 30 March 2010 -- Jefferies announced today the hiring of Cyril Paillard as a Managing Director in Mortgage- and Asset-Backed Securities (MBS/ABS) Sales in Paris, where he will cover institutional clients in France and Northern Europe. Mr. Paillard has eighteen years of industry experience and joins Jefferies from Royal Bank of Scotland, where he was EMEA Head of Credit Structured Products & Solutions Sales.

In a joint statement, Johan Eveland and William H. Jennings II, Co-Heads of Global MBS/ABS at Jefferies commented, "Cyril's industry knowledge, extensive experience and broad base of relationships will significantly enhance our MBS/ABS capabilities in Europe. France and Scandinavia are key markets for our business, and Cyril will make a strong and immediate contribution as we continue to expand Jefferies' MBS/ABS platform to bring additional products to both existing and new clients."

The addition of Cyril Paillard is the next step in the ongoing development of Jefferies' global MBS/ABS group, which now includes nearly 90 professionals in the US, London, Paris, Tokyo and Hong Kong focused on the sales and trading of MBS/ABS securities. He will work closely with Marion Guilbert, who joined Jefferies' London office in mid-2009 as part of the group's international expansion, and will report to Steve Hulett and Craig Tipping, Co-Heads of European MBS/ABS at Jefferies.

In 2009, Jefferies was a top 10 bookrunner of global real estate bonds. Jefferies' broader fixed income and credit business now has more than 450 professionals globally who are focused on the sales and trading of investment grade corporate bonds, high yield bonds, government and agency securities, repo finance, mortgage- and asset-backed securities, municipal bonds, whole loans, leveraged loans, distressed securities and emerging markets debt.

Prior to RBS, Mr. Paillard was Head of Fixed Income Sales for France at ABN Amro in Paris and EMEA Head of Credit and Alternatives Sales. He received an MBA in Escuela de Organisation Industrial and a Masters of Finance from Ecole Superieure de Commerce de Grenoble.

Jefferies, a major global securities and investment banking firm, has served companies and their investors for more than 48 years. Jefferies & Company, Inc. is the principal US operating subsidiary of Jefferies Group, Inc. (NYSE: JEF: www.jefferies.com), and Jefferies International Limited is the principal UK operating subsidiary. Jefferies International Limited, a UK-incorporated company, is authorised and regulated by the UK Financial Services Authority.

For further information, please contact:

Tom Tarrant, Jefferies & Company, Inc., 203 708 5989, ttarrant@jefferies.com
Desiree Maghoo, Jefferies International Ltd, 44 20 7029 8085, dmaghoo@jefferies.com