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FOR IMMEDIATE RELEASE

Jefferies to Donate September 12th Trading Commissions to Katrina Relief Efforts; The Firm's Randall & Dewey Division Also to Help Coordinate Efforts for an Industry-Sponsored Red Cross Energy Relief Fund

NEW YORK--(BUSINESS WIRE)--Sept. 6, 2005--Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), today announced that the firm will donate one day's trading revenues and commissions for relief efforts associated with Hurricane Katrina. Jefferies employees will also be able to donate one day's pay on a voluntary basis. The firm's net trading revenues and commissions from Monday, September 12th will be contributed to chapters of the American Red Cross directly involved in the relief efforts.

In addition, the Randall & Dewey Division of Jefferies, a leading M&A advisor in the global oil and gas industries, is helping to coordinate an industry-sponsored effort to create a Red Cross Energy Relief Fund. With participation from companies ranging from large multinationals to service companies and smaller players in the industry, the firm hopes to bring together significant donations from energy companies worldwide.

"All of us at Jefferies have been deeply affected by the tragic losses caused by Hurricane Katrina, and, in addition to acting to take care of the employees in our own New Orleans office, we would like to contribute to the relief efforts to help those affected by this event," commented Richard B. Handler, Chairman and Chief Executive Officer of Jefferies. "Our firm will work together with our trading clients on September 12th to contribute to those in need, as well as through the extended efforts of our energy division, Randall & Dewey, to coordinate donations within the energy sector."

The firm and its employees conducted similar efforts to benefit victims of the Asian Tsunami earlier this year, and to aid those affected by the 9/11 terrorist attacks in 2001.

About Jefferies

Jefferies, a global investment bank and institutional securities firm, has served growing and mid-sized companies and their investors for over 40 years. Headquartered in New York, with more than 25 offices around the world, Jefferies provides clients with capital markets and financial advisory services, institutional brokerage, securities research and asset management. The firm is a leading provider of trade execution in equity, high yield, convertible and international securities for institutional investors and high net worth individuals. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF; www.jefferies.com).

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

SOURCE: Jefferies & Company, Inc.

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