FOR IMMEDIATE DISTRIBUTION

JEFFERIES STRENGTHENS GLOBAL COVERAGE OF FINANCIAL SPONSORS

Bruce Huber And Warren Scott Appointed
European Co-Heads

LONDON and NEW YORK, 31 July 2007 -- The Jefferies investment bank today announced that Bruce Huber and Warren Scott will lead the Firm’s Financial Sponsors effort in Europe as co-heads. Mr. Huber is Head of European Technology and Cleantech Investment Banking at Jefferies International Limited, the London-based subsidiary of Jefferies Group, Inc. (NYSE: JEF), and Mr. Scott is Co-Head of Jefferies’ recently announced Frankfurt office. They will both continue in their existing roles.

Given the increased role of private equity and other sponsor firms in mid-market M&A, Messrs. Huber and Scott will work closely with Jefferies’ US-based Financial Sponsors Group co-heads Adam Sokoloff and John Huwiler to coordinate the Firm’s financial sponsor activity across global industry groups. Jefferies’ expertise extends across the consumer, energy, financial, healthcare, industrial, automotive, technology, media and telecom sectors. The Firm recently served as sole financial advisor to a consortium of investors, which included private equity groups, for the £479 million ($925 million) acquisition of Aston Martin from Ford Motor Company (NYSE: F).

David Weaver, Head of International Investment Banking at Jefferies, commented: “Financial sponsors have long been important partners for Jefferies given our focus on the mid-market. Bruce and Warren will leverage our deep industry knowledge across global sectors and build on our strong reputation for providing creative solutions to this increasingly active group on a global basis.”

This appointment is the latest in a series of recent initiatives undertaken to build on the continued growth of the Firm’s European franchise. Jefferies recently opened its first office in Germany with 13 investment professionals, acquired LongAcre Partners, a leading, London-based corporate advisory firm focused on the European media and online sector, and Putnam Lovell, a leading adviser to the financial services sector operating from London, New York and San Francisco.

Jefferies provides a full range of investment banking services to growing, dynamic companies worldwide in a number of global growth sectors. 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).

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

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