FOR IMMEDIATE DISTRIBUTION

JEFFERIES ANNOUNCES MANAGEMENT CONFERENCE CALL
TO DISCUSS 2009 YEAR-END FINANCIAL RESULTS

NEW YORK, January 14, 2010 -- Jefferies Group, Inc. (NYSE: JEF) announced today that it will hold a conference call with management on January 20, 2010 to discuss 2009 year-end 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 Wednesday, January 20, 2010, at 9:00 AM Eastern (date and time subject to change). Securities industry professionals may access the management discussion by calling 877-710-9938 or 702-928-7183. A one-week replay of the call will also be available at 800-642-1687 or 706-645-9291 (conference ID #50145149). A live audio webcast and delayed replay can be accessed at jefferies.com.

Jefferies' earnings press release will be distributed via Business Wire at approximately 8:00 AM Eastern on January 20, 2010 and can be viewed at jefferies.com.

About Jefferies

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, please contact:

Tom Tarrant
Jefferies & Company, Inc.
212-284-2389
ttarrant@Jefferies.com