FOR IMMEDIATE DISTRIBUTION

JEFFERIES NAMES ROMEO A. REYES DIRECTOR OF LEVERAGED FINANCE RESEARCH

NEW YORK, May 12, 2010 -- Jefferies announced today the promotion of Romeo A. Reyes to Director of Leveraged Finance Research. In this new role, Mr. Reyes will manage the firm's Leveraged Finance Research platform, which includes the research of high yield, leveraged loans, distressed and special situations securities.

"Romeo Reyes is one of the most respected and talented credit analysts on Wall Street," commented Robert L. Harteveldt, Head of Leveraged Finance Sales & Trading at Jefferies. "We are confident his extensive experience covering leveraged loans and high yield debt in the dynamic telecom sector will provide enhanced leadership for our robust credit research franchise as we continue to expand our platform and client offering."

Jefferies' Leveraged Finance Research group includes 19 analysts covering the leveraged credit universe, including Aerospace & Defense and Transportation, Automotive Suppliers, Consumer, Energy, Gaming, Lodging & Leisure, Healthcare, Industrials, Metals & Mining, Paper & Packaging, Technology & Services, and Telecommunications & Media sectors, among others.

Mr. Reyes, who will also continue to cover the telecom sector, has worked at Jefferies since 1998 and has more than sixteen years of experience as a research analyst covering the telecommunications sector. He previously worked at Goldman Sachs, Merrill Lynch and UBS. Mr. Reyes received an AB with honors in Economics from Harvard College.

Jefferies, a major global securities and investment banking firm, has served companies and their investors for more than 45 years. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF: jefferies.com).

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