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JEFFERIES GROUP, INC. ANNOUNCES MANAGEMENT CONFERENCE CALL TO DISCUSS 2010 THIRD QUARTER FINANCIAL RESULTS

NEW YORK and LONDON, September 13, 2010 -- Jefferies Group, Inc. (NYSE: JEF) announced today that it will hold a conference call with management on September 22, 2010 to discuss financial results for the fiscal third quarter period of June 1 to August 31, 2010. Participants on the call will include: Richard B. Handler, Chairman and Chief Executive Officer; Brian P. Friedman, Executive Committee Chairman; and Peregrine ("Peg") Broadbent, Chief Financial Officer.

The call will be held on Wednesday, September 22, 2010, at 9:00 AM Eastern (date and time subject to change). Investors and securities industry professionals may access the management discussion by calling 877-710-9938 or 702-928-7183. A one-week replay of the call will also be available at 800-642-1687 or 706-645-9291 (conference ID # 97825015). A live audio webcast and delayed replay can be accessed at www.jefferies.com.

Jefferies' earnings press release will be distributed via Business Wire at approximately 8:00 AM Eastern on September 22, 2010 and will be available at www.jefferies.com.

About Jefferies

Jefferies, a 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, 203 708 5989, ttarrant@jefferies.com