FOR IMMEDIATE DISTRIBUTION

JEFFERIES PUBLISHES TOP U.S. AND INTERNATIONAL
STOCK PICKS AND AVOIDS FOR 2010

NEW YORK and LONDON, January 5, 2010 – Jefferies today announced the release of its seventh annual equity research publication: Themes & Tactics: US and International Stock Selections 2010. The report is a compilation of the most compelling ideas from Jefferies' global equity research platform, including the Top Stock Picks and Top Stocks to Avoid from each analyst for 2010.

The 2010 edition features contributions from Jefferies' Chief US and European Financial Economists, Ward McCarthy and David Owen, and highlights the firm's expanded global research coverage of the Consumer, Financial and Healthcare sectors.

Sectors covered in this year's report include Aerospace & Defense, Clean Technology, Consumer, Energy, Financial Services, Healthcare, Industrials, Maritime, Media & Entertainment, Technology, Telecommunications and Utilities.

Jefferies' research practice continues to grow, currently consisting of 50 senior equity research analysts globally. The number of stocks under coverage has more than quadrupled since 2000 to nearly 900 today.

The firm's equity research analysts consistently rank among top industry professionals, capturing a total of 21 analyst awards in 2009 from publications including The Wall Street Journal, The Financial Times, Institutional Investor and Forbes.

Jefferies, a major global securities and investment banking firm, has served companies and their investors for more than 45 years. Jefferies & Company, Inc. is the principal US operating subsidiary of Jefferies Group, Inc. (NYSE: JEF: www.jefferies.com), and Jefferies International Limited is the principal UK operating subsidiary. Jefferies International Limited, a UK-incorporated company, is authorised and regulated by the UK Financial Services Authority.

For further information or to request the reports (US, international or both), institutional investors should contact their Jefferies' representative, and members of the media can contact one of the following:

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, Cubitt Jacobs & Prosek, 212 279 3115, x203, jpassman@cjpcom.com