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FOR IMMEDIATE RELEASE

Jefferies Group, Inc. to Present At Salomon Smith Barney Electronic Financial Services Conference

NEW YORK--(BUSINESS WIRE)--Nov. 5, 2002--Jefferies Group, Inc. (NYSE: JEF) announced today that Richard B. Handler, Chairman and Chief Executive Officer, will be presenting at the Salomon Smith Barney Electronic Financial Services Conference on Wednesday, November 6, 2002, from 10:30 a.m. to 11:00 a.m. (Eastern Time) in New York City, New York.

The presentation will be broadcast live over the Internet and can be accessed via Jefferies' Web site located at http://www.jefco.com or at the following address: http://www.veracast.com/ssb/2002/electronic-financial-services/ 77104218.cfm.

(Due to the length of this URL, it may be necessary to copy and paste this hyperlink into your Internet browser's URL address field.)

Please allow time prior to the presentation to visit the site and download the streaming media software required to listen to the Internet broadcast.

About Jefferies

Jefferies Group, Inc. (NYSE: JEF) is a holding company whose affiliated companies, including its principal operating subsidiary, Jefferies & Company, Inc., offer a variety of services for institutional investors and growth companies. Subsidiaries of Jefferies Group, Inc., together, comprise a full-service investment bank and institutional securities firm focused on the middle market. Jefferies offers financial advisory, capital raising, mergers and acquisitions, and restructuring services to small and mid-cap companies. The firm provides outstanding trade execution in equity, high yield, convertible and international securities, as well as fundamental research and asset management capabilities, to institutional investors. Additional services include correspondent clearing, prime brokerage and securities lending. The firm's leadership in equity trading is recognized by numerous consulting and survey organizations, and Jefferies' subsidiary, Helfant Group, Inc., executes more than ten percent of the daily reported volume on the NYSE.

Through its subsidiaries, Jefferies Group, Inc. employs more than 1,300 people in 20 offices worldwide, including Atlanta, Boston, Chicago, Dallas, Hong Kong, London, Los Angeles, New York, Paris, San Francisco, Tokyo and Zurich. Further information about Jefferies, including a description of investment banking, trading, research and asset management services, can be found at www.jefco.com.

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CONTACT:
Jefferies Group, Inc.
Tom Tarrant, 203/708-5975
ttarrant@jefco.com
www.jefco.com

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