FOR IMMEDIATE DISTRIBUTION

JEFFERIES ANNOUNCES MANAGEMENT CONFERENCE CALL
TO DISCUSS 2009 SECOND QUARTER FINANCIAL RESULTS

NEW YORK, July 13, 2009 -- Jefferies Group, Inc. (NYSE: JEF) today announced that it will hold a conference call with management on July 21, 2009 to discuss 2009 second quarter financial results. Participants on the call will include: Richard B. Handler, Chairman and Chief Executive Officer; Brian P. Friedman, Executive Committee Chairman; and Peregrine ("Peg") Broadbent, Chief Financial Officer.

The call will be held on Tuesday, July 21, 2009, at 9:00 AM Eastern (date and time subject to change). Securities industry professionals may access the management discussion by calling 800-594-1051 or 212-231-2901. A one-week replay of the call will also be available at 800-633-8284 or 402-977-9140 (reservation code # 21429096). A live audio webcast and delayed replay can be accessed at www.jefferies.com.

Jefferies' 2009 second quarter earnings press release will be distributed via Business Wire at approximately 8:00 AM Eastern on July 21, 2009 and can be viewed at www.jefferies.com.

About Jefferies

Jefferies, an independent, full-service global securities and investment banking firm, has served companies and their investors for more than 45 years. Headquartered in New York City, with offices in more than 25 cities around the world, Jefferies provides clients with capital markets and financial advisory services, institutional brokerage, securities research and asset management. The firm provides investors with fundamental research and trade execution in equity, equity-linked, and fixed income securities, including corporate bonds, high yield bonds, US government and agency securities, repo finance, mortgage- and asset-backed securities, municipal bonds, whole loans and emerging markets debt, as well as commodities and derivatives. Jefferies offers companies capital markets, merger and acquisition, restructuring and other financial advisory services. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF: www.jefferies.com).

For further information, please contact:

Tom Tarrant
Jefferies & Company, Inc.
203 708 5989
ttarrant@Jefferies.com