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FOR IMMEDIATE RELEASE

Jefferies Adds Senior Research Analyst to Cover Leisure; Anna Barnfather Enhances Firm's European Coverage, Will Follow Hotel and Gaming Companies

LONDON & NEW YORK--(BUSINESS WIRE)--Oct. 12, 2005--Jefferies International Ltd., a subsidiary of US-based Jefferies Group, Inc. (NYSE: JEF), today announced the appointment of Anna Barnfather, ACA, as a Senior Equity Research Analyst in the firm's global equity research practice. Ms. Barnfather will cover European hotel and gaming companies. She joins Jefferies from Bear Stearns.

The hiring of Ms. Barnfather augments Jefferies' established coverage of the gaming and leisure industries. Jefferies' team of four (4) senior analysts in the U.S. and Europe now includes: Lawrence A. Klatzkin and Aimee K. Marcel, US gaming; Samir Jain, US lodging and Anna Barnfather, European hotel and gaming.

Cliff Siegel, Chief Executive Officer of Jefferies International Ltd., commented: "Anna Barnfather is a significant addition to Jefferies' well-known gaming and leisure team. Her global perspective extends our strong US coverage of the industry at a time when there are a number of major developments in Europe, including the partial deregulation of gaming in the UK, and a wave of consolidation and asset disposals in continental European hotel groups."

Ms. Barnfather has seven years experience in the Leisure sector as both an analyst and a corporate financier. Prior to joining Jefferies, she was a Managing Director in the European Hotels and Gaming Equity Research team at Bear Sterns International Ltd, where she consistently achieved top rankings. Previously, she was a Vice President in the European Leisure & Beverages Equity Research team at JPMorgan Chase, and an Associate in the Consumer Corporate Finance team at Chase Manhattan. Ms. Barnfather has an M.A. in Economics and Sociology from University of Edinburgh, and is ACA qualified.

Ms. Barnfather will be based in the firm's London office.

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, +1 203 708 5989
ttarrant@jefferies.com
or
Fishburn Hedges
Beverley Weber or Andrew Marshall, 0207 839 4321
beverley.weber@fishburn-hedges.co.uk

SOURCE: Jefferies & Company, Inc.

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