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JEFFERIES TO HOST 6TH ANNUAL COMMUNICATIONS CONFERENCE SEPTEMBER 9 IN NEW YORK CITY

NEW YORK—September 2, 2008 --Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), will host its 6th Annual Communications Conference on September 9, 2008 in New York City. The conference will feature a wide range of leading public and private companies from the communications services sector, including the areas of CLECs, cable, data services, RLECs, towers, wireless, wireline and satellite. The one-day event will address issues and developments facing the communications industry such as consolidation, the influence of emerging technologies and regulatory changes.

“With a truly global marketplace and increasing demand, the communications sector is expected to sustain momentum in the coming year,” commented Steven R. Black, Director of Equity Research at Jefferies. “This conference provides an opportunity for investors to learn more about many of the innovative companies that are contributing to the strong growth in the sector.”

Current conference participants include the following publicly-traded companies:

    Cbeyond, Inc. (CBEY)
    Cellcom Israel Ltd. (CEL)
    Centennial Communications Corp. (CYCL)
    Cincinnati Bell Inc. (CBB)
    Clearwire Corporation (CLWR)
    Cogent Communications Group, Inc. (CCOI)
    Equinix, Inc. (EQIX)
    FiberTower Corporation (FTWR)
    First Communications, Inc. (FCOM)
    Frontier Communications Corporation (FTR)
    General Communication, Inc. (GNCMA)
    Global Crossing Ltd. (GLBC)
    Ibasis, Inc. (IBAS)
    ICO Global Communications (ICOG)
    Iowa Telecommunications Services, Inc. (IWA)
    iPCS, Inc. (IPCS)
    Knology, Inc. (KNOL)
    Leap Wireless International, Inc. (LEAP)
    Level 3 Communications (LVLT)
    MetroPCS Communications, Inc. (PCS)
    PAETEC Holding Corp. (PAET)
    Primus Telecommunications Group Inc. (PRTL)
    RCN Corporation (RCNI)
    SAVVIS, Inc. (SVVS)
    Skyterra Communications, Inc. (SKYT)
    SureWest Communications (SURW)
    Switch & Data Facilities Company, Inc. (SDXC)
    TelecityGroup (TCY LN)
    Terremark Worldwide, Inc. (TMRK)
    tw telecom, inc. (TWTC)

The following private companies will also be participating:

    Broadview Networks Holdings, Inc.
    Integra Telecom, Inc.
    Pacnet
    TelePacific Communications
    Telx
    Zayo Group Inc.

An audio webcast of each presentation, both live and replay, will be available at the discretion of the presenting companies, and will be accessible at www.jefferies.com.

For further information about the 6th Annual Jefferies Communications Conference, please contact your sales representative or Lindsay Kronengold (212.707.6391, lkronengold@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)

CONTACT:
Jefferies: Tom Tarrant
203.708.5989
ttarrant@Jefferies.com

CJP Communications: Aimee Baxter
212.279.3115 ext. 225
abaxter@cjpcom.com