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FOR IMMEDIATE RELEASE

Jefferies International Adds Energy Analyst; Charles Sharp to Cover UK E&P Companies

LONDON--(BUSINESS WIRE)--Sept. 13, 2005--Jefferies International Ltd., a subsidiary of US-based Jefferies Group, Inc. (NYSE: JEF), today announced the hiring of Charles Sharp, who joins as a Senior Equity Research Analyst in the firm's global energy research practice. Mr. Sharp will be based in Jefferies' London office and will follow established and emerging exploration and production companies based in the UK.

This addition by Jefferies International Ltd. follows the recent establishment of a UK research sales effort and is complementary to the equity research efforts in energy by its US affiliate, Jefferies & Company, Inc. The firm's overall research effort in the Energy Sector now includes eight senior equity analysts worldwide. Jefferies' overall commitment to this sector also encompasses securities trading, with four dedicated traders firmwide, and full service investment banking capabilities, which were augmented in February of this year with the firm's acquisition of Randall & Dewey, a leading M&A advisor in the global oil and gas industries. This growth in resources dedicated to the energy sector demonstrates Jefferies' focus in both the US and Europe on this strategic segment of the world economy.

"Mr. Sharp's diverse background and extensive experience and relationships in the E&P industry extend Jefferies' global energy research effort and enhance the firm's resources dedicated to the energy sector," said Cliff Siegel, CEO at Jefferies International Ltd. "His focus on small to mid-cap companies in the UK and Canada is consistent with the firm's strength in working with growing and mid-sized companies and their investors."

Mr. Sharp has more than 20 years of experience in the E&P industry. He joins Jefferies from Cannacord Capital, an investment dealer, where he spent eight years as an equity research analyst covering small and mid cap UK and Canadian E&P companies. Previously, he handled software sales and marketing for Sierra Geophysics. Prior to that he was a seismic interpreter and processing analyst for both Texas Eastern North Sea Inc. and Britoil.

Mr. Sharp has a BSc in Geophysical Sciences from Southampton University and holds an MBA from San Diego State University.

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 International Limited, a UK-incorporated, wholly owned subsidiary of US-based Jefferies Group, Inc., was established in London in 1985 and is regulated by the Financial Services Authority ("FSA").

CONTACT:
Jefferies & Company, Inc.
Tom Tarrant, 203-708-5989
ttarrant@jefferies.com
or
Fishburn Hedges
Beverley Weber/Andrew Marshall, 0207 839 4321
beverley.weber@fishburn-hedges.co.uk

SOURCE: Jefferies Group, Inc.

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