FOR IMMEDIATE DISTRIBUTION

JEFFERIES ADDS EUROPEAN LOAN SALES AND TRADING
TO INTERNATIONAL FIXED INCOME PLATFORM

Emilio Hunolt Joins in London

LONDON and NEW YORK, 17 September 2009   Jefferies today announced the appointment of Emilio Hunolt, CFA, as a Senior Vice President and European Loan Trader. He is based in London.

In a joint statement, Jon Pliner, Head of European Credit Sales and Trading, and Kenton Jernigan, Head of European Credit Sales, commented, "We are delighted to welcome Emilio Hunolt, whose experience, knowledge and strong relationships complement our existing high yield franchise in Europe and will allow us to better serve clients globally. This additional capability brings another level of service and liquidity to our institutional clients and provides increased counterparty options within the leveraged loan space. Emilio's addition is a natural extension of our US loan business, and his expertise significantly strengthens Jefferies' growing European credit business and will enable our customers to trade loans globally."

In August, Jefferies announced the appointment of Mr. Pliner as Head of European Credit Sales and Trading. The Firm's broad fixed income effort now includes approximately 400 professionals globally who are focused on the sales and trading of investment grade corporate bonds, high yield bonds, government and agency securities, repo finance, mortgage- and asset-backed securities, municipal bonds, whole loans, leveraged loans, distressed securities and emerging market debt. Jefferies was also designated as a Primary Dealer by The Federal Reserve Bank of New York in June of this year.

Mr. Hunolt joins Jefferies from Dresdner Kleinwort, where he worked for more than eight years and was most recently a Director and Head of Loan Trading.

About Jefferies

Jefferies, a major global securities and investment banking group, 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