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JEFFERIES APPOINTS HEAD OF INTERNATIONAL INVESTMENT BANKING

David Weaver Enhances Firm’s Capital Markets And Financial Advisory Platform Focused On Growing Companies In Europe, Asia And The Middle East

LONDON and NEW YORK, 5 March 2007 -- The Jefferies investment bank today announced that it has hired David Weaver to head the Firm’s international investment banking effort. Mr. Weaver, formerly a senior banker at Deutsche Bank in London, will join Jefferies International Limited, a subsidiary of US-based Jefferies Group, Inc. (NYSE: JEF), toward the end of the second quarter. Mr. Weaver will be located in the Firm’s London office, where Jefferies has increased the number of investment banking, sales, trading, research and asset management professionals to nearly 300.

As Jefferies seeks continued successful growth, the Firm intends to extend globally its strong US franchise as the investment bank of choice for growing companies. Mr. Weaver will be responsible for managing the continued growth of Jefferies’ in Europe, Asia and the Middle East. A 25-year veteran of the financial services industry, his experience spans the US and Europe, including the last 17 years at Deutsche Bank / BT Alex Brown in a variety of roles. Mr. Weaver began his career in Mergers & Acquisitions at Alex. Brown in the US, and has been based in London for the past eight years, serving variously as Global Head of Technology Investment Banking, Head of European Client Coverage and most recently as Head of Equity Capital Markets - Europe. Mr. Weaver has focused on growing and middle-market companies for most of his career, with an emphasis on the equity capital markets and growth-related industries.

Richard Handler, Chairman and CEO of Jefferies, commented:
“Jefferies is committed to being the leading global investment bank serving growing companies and their investors, and the hiring of David Weaver represents an integral step in these ongoing efforts. His breadth and depth of experience will support the continued rapid development of our global investment banking effort.”

Jefferies provides a full range of investment banking services to growing companies worldwide in a number of global growth sectors including technology, energy, healthcare, industrial and others. The Firm worked on more than 350 transactions worth over $145 billion during 2006, with 165 debt and equity capital raisings and 190 merger, acquisition and restructuring engagements, including more than 80 transactions for European and Asian companies worth over $23 billion. Jefferies International Limited is a member of the London Stock Exchange and acquired Nomad accreditation on the Alternative Investment Market (AIM) in 2006. Beyond the UK, Jefferies International Limited is a member of the Deutsche Börse (Xetra electronic trading platform), Euronext, Oslo Bors and Dubai International Financial Exchange (DIFX).

Mr. Weaver received a Bachelor’s degree from Williams College and an MBA from Harvard Business School.

For further information, please contact:

Desirée Maghoo
Director, Cubitt Consulting
T: +44 207 367 5107
M: +44 777 552 2740
E: desiree.maghoo@cubitt.com


Tom Tarrant
Director of Marketing
Jefferies & Company, Inc.
T: +1 203 708 5989
E: ttarrant@Jefferies.com



About Jefferies

Jefferies, a global investment bank and institutional securities firm, has served growing and mid-sized companies and their investors for 45 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). Jefferies International Limited, a UK-incorporated, wholly owned subsidiary of Jefferies Group, Inc., was established in London in 1985 and is authorized and regulated by the Financial Services Authority ("FSA").


Special Note on Forward-Looking Statements

This release contains "forward-looking statements" within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include statements about our future and statements that are not historical facts. The forward-looking statements in this release pertain to the future development and expansion of our international investment banking business. Forward-looking statements represent only our belief regarding future events, many of which by their nature are inherently uncertain. The use of these forward-looking statements does not infer that the results will be achieved. It is possible that the actual results may differ materially from the anticipated results indicated in these forward-looking statements. Please refer to our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 1, 2007 for a discussion of important factors that could cause actual results to differ materially from those projected in these forward-looking statements.