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JEFFERIES STRENGTHENS EXPERTISE FOR INDIA-BASED COMPANIES BY HIRING SENIOR INVESTMENT BANKER IN LONDON

NEW DELHI, LONDON, NEW YORK 3 July 2007 -- The Jefferies investment bank today announced the hiring of Hugh Sandeman as a Managing Director in Investment Banking to focus on Jefferies’ activities in India. Mr. Sandeman has more than twenty years of industry experience, most recently as Head of Business Development for India at the London Stock Exchange. Previously, he spent 18 years as an investment banker at Dresdner Kleinwort and Merrill Lynch, specialising in mergers and acquisitions and international equity offerings in New York, Tokyo, London and Frankfurt.

Mr. Sandeman joins the efforts of the India team who are focused on building the Firm’s activities in India; working with the dozen professionals in New Delhi and leveraging the assets of the Jefferies organization to bring corporate finance solutions to Indian companies.

Through its India focused activities, Jefferies has raised over $1 billion in financing for India-based companies over the last 18 months. Building on Jefferies’ established expertise in M&A and the capital markets, the addition of another senior India-focused banker strengthens the Firm’s global capabilities in this dynamic, high growth region.

David Weaver, Head of International Investment Banking at Jefferies, commented:
“Hugh Sandeman’s unique knowledge and relationships in India given his work experience with the LSE are very complementary to Jefferies’ growing efforts in this region. We look forward to building on our emerging reputation as a leading underwriter for growing and mid-sized companies in India and expanding our products and services to these companies.”

Mr. Sandeman added:
“India's rapidly expanding economy presents tremendous opportunities for countless growing and mid-sized companies and investors globally. I look forward to leveraging my insight and perspective to further Jefferies’ position in this market and assisting the Firm’s clients in achieving their objectives.”

Mr. Sandeman joins London-based Jefferies International Limited, a subsidiary of US-based Jefferies Group, Inc. (NYSE: JEF). He will be located in the Firm’s London office, where Jefferies has over 300 investment banking, sales, trading & research and asset management professionals.

Jefferies provides a full range of investment banking services to growing companies worldwide in a number of growth sectors, including technology, energy, healthcare and aerospace and defence. 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 has been operating outside the US for over 20 years and has established a network of offices in leading financial centres in Europe and Asia, including London, Paris, Zurich, Tokyo, Shanghai, Singapore and Dubai, with a support office in Hong Kong and pending registrations in Frankfurt and New Delhi. 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. Sandeman was a Managing Director in Dresdner Kleinwort’s corporate finance group prior to his work at the LSE. Mr. Sandeman is a former correspondent and international business editor of The Economist magazine. He has a BA from Oxford University and an MSc from London School of Economics.


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").

For further information, please contact:

Tom Tarrant, Jefferies & Company, Inc., +1 203 708 5989, ttarrant@jefferies.com
Desiree Maghoo, Cubitt Consulting, + 44 207 367 5107, desiree.maghoo@cubitt.com