FOR IMMEDIATE RELEASE

Jefferies Group, Inc. Announces Management Conference Call to Discuss 2005 Second Quarter & First Half Financial Results

NEW YORK--(BUSINESS WIRE)--July 13, 2005--Jefferies Group, Inc. (NYSE:JEF) announced today a conference call with Management to discuss 2005 second quarter and first half financial results. Participants on the call will include: Richard B. Handler, Chairman and CEO; John C. Shaw, Jr., President; and Joseph A. Schenk, CFO.

The conference call will be held at 9 AM Eastern on Tuesday, July 19, 2005 (date and time subject to change). For listen-only access to the management discussion, please call (617) 801-9714 (passcode: 85714055) ten minutes prior to the scheduled start time. A live audio webcast and a delayed replay will also be available at www.jefferies.com and www.streetevents.com.

Jefferies' earnings press release will be distributed via Business Wire at approximately 8:00 AM Eastern on July 19, 2005. To view the press release on or after July 19, 2005, please visit www.jefferies.com. Questions for consideration by Management during the conference call can be submitted in advance through the "Contact Us" function at www.jefferies.com or by calling 203-708-5975 by 7:00 AM Eastern on July 19th.

CONTACT:
Jefferies & Company, Inc.
Tom Tarrant, 203-708-5989
ttarrant@jefferies.com

SOURCE: Jefferies Group, Inc.