Jefferies

Press Release

FOR IMMEDIATE RELEASE
Jefferies Adds to UK Equity Research

NEW YORK and LONDON, June 23, 2011 – Jefferies announced today the hiring of Michael Prew as a Managing Director and Senior Analyst for UK Real Estate Equity Research. Robbie Duncan also joins Jefferies as a Senior Vice President and Senior Analyst for UK Real Estate Equity Research. They are both based in London.

"Mike is a market veteran, willing to take strong top-down views on the real estate sector. He and Robbie are highly respected industry experts, and we are very pleased about their joining Jefferies,” commented Richard Taylor, Head of Equity Research EMEA at Jefferies. "These hires are part of our ongoing commitment to strengthen Jefferies' European Equities Business and continue to provide high quality, sector based research that is forward thinking in its approach, as demanded by our clients."

Expansion of the firm's research capabilities in the Real Estate sector is part of a broader effort to enhance Jefferies’ strong focus in Real Estate across research, sales, trading and investment banking. In the broader Real Estate, Gaming, Leisure and Lodging sectors, Jefferies recently announced the appointments of Ian Rennardson and Andrew Lee as Senior Equity Research Analysts focused on Travel and Leisure.

Jefferies and its affiliates have more than 240 equity and fixed income research professionals in the U.S., Europe and Asia covering over 1,800 companies in the areas of aerospace & defense, clean technology, consumer, energy, financial services, gaming, lodging & leisure, healthcare, industrials, maritime, media & entertainment, real estate, technology, telecommunications and utilities.

Mr. Prew joins the firm from Nomura, where he was a Managing Director and Analyst in Equity Research covering Real Estate companies. Previously, he was a Managing Director in Equity Research at Lehman Brothers. He received an MBA and an undergraduate degree in Engineering from Imperial College, London.

Mr. Duncan also joins the firm from Nomura, where he was an Analyst in Equity Research covering Real Estate companies. Previously, he was an Analyst in Equity Research covering Real Estate companies at Cazenove. He received a BS in Zoology from Durham University.

Jefferies Group, Inc. (NYSE: JEF), a global securities and investment banking firm, has served companies and investors for nearly 50 years.

For further information, please contact:

Tom Tarrant, Jefferies, 203 708 5989, ttarrant@jefferies.com
Desiree Maghoo, Jefferies, 44 20 7029 8085, dmaghoo@jefferies.com