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JEFFERIES REPORTS RECORD 2009 FINANCIAL RESULTS

NEW YORK and LONDON, January 20, 2010 -- Jefferies Group, Inc. (NYSE: JEF) today announced fourth quarter and year-end financial results for the period ended December 31, 2009.

Highlights for the fourth quarter include:
  • Net revenues of $532 million
  • Record net income to Common Shareholders of $94 million
  • Record net earnings per common share (diluted) of $0.46
Highlights for the record full year include:
  • Record net revenues of $2.1 billion
  • Record net income to Common Shareholders of $280 million
  • Record net earnings per common share (diluted) of $1.38
"We are pleased with the strong contribution our fourth-quarter made to the best annual performance in Jefferies' 47-year history. We have strong momentum as we begin 2010 and all 2,628 employee-partners at Jefferies are eager to do our absolute best for our clients," commented Richard Handler, Chairman and Chief Executive Officer of Jefferies.

Conference Call

A conference call with management discussion of financial results for the year ended December 31, 2009 will be held today, January 20, 2010, at 9:00 AM Eastern. 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.

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:

Peregrine C. Broadbent
Chief Financial Officer
(212) 284-2338

Full press release (with all tables) in PDF format