FOR IMMEDIATE DISTRIBUTION

JEFFERIES ADDS TO INTERNATIONAL EQUITIES
SALES, TRADING AND RESEARCH PLATFORM

Bernal Vargas Joins to Head Jefferies US Equity Sales Team into Europe
James Grzinic Will Lead European Retail Equity Research Effort

LONDON and NEW YORK, 27 July 2009 – Jefferies International Limited, the UK subsidiary of Jefferies Group, Inc. (NYSE: JEF), today announced five key appointments in equity sales, trading and research who will be based in London.
Bernal Vargas joins as a Managing Director and Head of US Equity Sales into Europe. He was previously at Merrill Lynch where he was a Director in that firm's US equities division and Deputy Head of International Americas Distribution based in London.

Cameron Kissel joins as a Senior Vice President of US Equity Sales into Europe. He was previously at Henderson Global Investors where he was a portfolio manager of that firm's North American multi-strategy fund.

Owen Jacob joins as a Senior Vice President and European Cash Equities Trader. He was previously at Macquarie Capital, where he was a European Equity Trader and Division Director.

James Grzinic joins as a Senior Vice President and Head of European Retail Equity Research. He was previously at Dresdner Kleinwort where he was Head of Integrated Food & Non-Food Retail Equity Research.

Charlotte Andrews joins as a Vice President and Marketing Analyst covering the Consumer & Retail sector. She was previously at Dresdner Kleinwort, where she was a Retail Marketing Analyst.

David Weaver, President of Jefferies International, commented:
"The addition of these senior professionals is a step further in the strengthening of our Global Sales & Trading platform. Their strong expertise and extensive customer relationships will bring immediate value to Jefferies' global equities franchise."

Andrew Shortland, Head of International Equities, added:
"We are delighted to welcome these individuals as we continue to provide clients with high quality market insights and deep sector knowledge."

Hamish Maclellan, Head of International Equity Sales, added:
"The addition of Bernal and Cameron underscores Jefferies' commitment to delivering high quality US research product to our UK and European accounts."

Jefferies' coverage of the Consumer & Retail sector now comprises 10 analysts globally. The firm's equity research analysts consistently rank among top industry professionals, capturing 20 analyst awards so far in 2009, including those from Institutional Investor, The Wall Street Journal, The Financial Times / StarMine and Forbes / Zack's Investment Research. Having nearly quadrupled during the last eight years, the total number of companies under equity research coverage by Jefferies now approximates 800, with more than 130 equity research professionals globally. The firm now also has over 80 equity professionals in London, Paris and Frankfurt, focused on the sales, trading and research of equity securities.

About Jefferies

Jefferies, a major 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. 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., is authorised and regulated by the UK Financial Services Authority.

For further information please contact:

Tom Tarrant, Jefferies & Company, Inc., 203 708 5989, ttarrant@jefferies.com
Desiree Maghoo, Jefferies International Limited, +44 20 7029 8085, dmaghoo@jefferies.com
Josh Passman, CJP Communications, 212 279 3115, x203, jpassman@cjpcom.com