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JEFFERIES FURTHER EXPANDS HEALTHCARE INVESTMENT BANKING

Adds Senior Industry and M&A Professionals to Healthcare Team in New York

NEW YORK, January 7, 2010 – Jefferies announced today the hiring of three senior investment banking professionals in a further expansion of its Global Healthcare Investment Banking Group. Dan Decelles and Matthew Miller join as Managing Directors, and Robert Minear as Senior Vice President, all based in New York. Mr. Decelles is focusing on coverage of the healthcare services sector. Mr. Miller and Mr. Minear are senior mergers and acquisitions advisory professionals.

"We are very pleased that Dan, Matt and Rob have joined Jefferies," commented Sage Kelly, Global Head of Healthcare Investment Banking at Jefferies. "Dan's expertise and relationships across the healthcare services sector will make an immediate contribution to our global healthcare practice. In addition, adding Matt and Rob, two highly skilled mergers and acquisitions bankers, to our team, with significant experience in the healthcare industry, will help us provide our clients with the best strategic ideas and tactical advice."

"These appointments further support the rapid and significant momentum we have achieved since the Jefferies healthcare team was expanded approximately four months ago," commented Benjamin Lorello, Global Head of Investment Banking and Capital Markets at Jefferies. "The addition of these three senior colleagues not only enhances our sector and mergers and acquisitions expertise, but also continues to support having the best-in-class healthcare franchise globally."

Jefferies' global healthcare investment banking group, which is one of the world's largest healthcare investment banking practices, consists of more than 50 dedicated specialists in the US, Europe and Asia.

Mr. Decelles joins Jefferies with 14 years of investment banking experience and a focus on healthcare services at JPMorgan, Citigroup, Lehman Brothers and the CIT Group. Mr. Miller joins Jefferies with 13 years of investment banking experience specializing in healthcare mergers and acquisitions at Bank of America Merrill Lynch. Mr. Minear joins Jefferies with ten years of investment banking experience specializing in mergers and acquisitions at UBS and Deutsche Bank, most recently in the healthcare sector.

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 operating subsidiary of Jefferies Group, Inc. (NYSE: JEF: jefferies.com).

For further information, please contact:

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