Jefferies

Press Release

FOR IMMEDIATE RELEASE
Jefferies Enhances European Equities Research Sales Platform

NEW YORK and LONDON, 5 October 2011 - Jefferies today announced the appointment of Michael Davies and Henry Harries as Managing Directors in European Equity Research Sales. They will be based in the firm's London office.

Andrew Shortland, Head of Equities EMEA at Jefferies, commented, "The addition of Michael and Henry to Jefferies is part of our strategy to add well known, highly regarded and experienced salesmen with excellent reputations and long standing relationships across the investor community. We are delighted to welcome them to Jefferies."

"These hires underscore Jefferies' commitment to deepening our relationships with our UK account base. These hires will be especially helpful in achieving this with the UK hedge fund community," added Hamish MacLellan, Head of International Equity Sales at Jefferies.

Jefferies' Global Equities business provides full-service research, sales and execution services across cash equities, electronic trading, equity derivatives, exchange traded funds, convertibles, prime brokerage and securities finance. The group is comprised of over 750 professionals in research, sales, and trading across the U.S., Europe and Asia, including nearly 300 research professionals covering over 1,200 companies globally, with 290 companies in Europe.

Both Mr. Davies and Mr. Harries join the firm from JP Morgan, where they were Managing Directors focused on Pan-European Equity Sales. Previously, they were Managing Directors in Equity Sales at Cazenove Group. Mr. Davies is a Philosophy, Politics and Economics graduate from Oxford University and Mr. Harries is an Economics and Accounting graduate from the University of Southhampton.

Jefferies Group, Inc. (NYSE: JEF) is the global investment banking firm focused on serving clients for nearly 50 years. The firm is a leader in providing insight, expertise and execution to investors, companies and governments, and provides a full range of investment banking, sales, trading, research and strategy across the spectrum of equities, fixed income and commodities, in the U.S., Europe and Asia.

For further information, please contact:

Laura Ulbrandt, Leucadia, +1 212 460 1977, lulbrandt@leucadia.com
Richard Khaleel, Jefferies, +1 212 284 2556, rkhaleel@jefferies.com