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FOR IMMEDIATE RELEASE JEFFERIES ENHANCES PRIVATE CLIENT SERVICES EFFORT NEW YORK, June 29, 2006 -- Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), today announced the hiring of Michael W. Hyde as a Senior Vice President in the Firm's Private Client Services Department (PCS). Mr. Hyde will be based in Jefferies' Boston office in a geographic expansion of the Firm's PCS business. Mr. Hyde has 25 years of experience in the securities industry and previously served as a Director at Deutsche Bank Alex Brown. This hire follows the recently announced addition of Mason H. Matschke as a Senior Vice President in PCS working in Jefferies' Chicago office. "These recent additions reflect the success of our expansion plans for Private Client Services," said Richard B. Handler, Chief Executive Officer of Jefferies. "Our PCS group plays a critical role in bringing the global resources of the Jefferies platform to this important segment of the market." "The addition of Mr. Hyde is key in extending our Northeast coverage and bringing our world-class services to the Boston market," commented Charles C. Baber, Head of Private Client Services at Jefferies. "We are confident that his extensive experience and deep relationships in the region will add immediate value to our growing platform." "The vibrant Boston market has a growing community of high net worth and ultra high net worth individuals," said Mr. Hyde. "I look forward to bringing my skills and insight as a financial advisor to the Firm's thriving private client effort and leveraging the full capabilities of Jefferies' full-service platform for my current and future clients." The firm's PCS group, with over 50 professionals in Boston, New York, Chicago, San Francisco and Stamford, provides an array of financial services and investment opportunities, including equity, fixed income, mutual funds, structured notes, and separately managed accounts through outside money managers, including funds of funds. The group serves corporate clients and their senior executives, private equity firms, middle market institutions and high net worth individuals. Jefferies has had a presence in Boston since 1972 and currently has a significant and growing effort with approximately 40 sales, trading and research professionals, and nearly 40 investment banking professionals. Mr. Hyde has extensive experience in managing equity portfolios, mutual funds, fixed income, estate and trust issues, restricted stock, stock option exercises, and corporate executive services. Prior to joining Jefferies, he spent 16 years as a Director at Deutsche Bank Alex Brown and Sons in Boston (formerly Alex, Brown & Sons). Previously, he worked for Kidder Peabody & Co. Mr. Hyde completed his undergraduate degree Magna Cum Laude from Harvard College and received both his Master's and Doctoral degrees at Tufts 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 & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF; www.jefferies.com).
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