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JEFFERIES ADDS SENIOR TELECOMMUNICATIONS EQUITY RESEARCH ANALYST

LONDON and NEW YORK, 24 May 2010 – In a further expansion of the firm's global Equity Research effort, Jefferies announced today the hiring of Jeremy (Jerry) Dellis as a Managing Director and Senior Telecommunications Analyst in the firm's London office.

"Jerry Dellis brings significant experience, knowledge and relationships to Jefferies' global equity research effort and enhances our expertise in telecom," commented Steven R. Black, Global Head of Equity Research at Jefferies. "His hiring further demonstrates Jefferies' commitment to providing our institutional clients with high quality insight and research."

Mr. Dellis has over 11 years of experience as an equity research analyst covering European telecoms, He joins Jefferies from JP Morgan, where he spent nearly six years and was an Executive Director within the firm's European Telecommunications Equity Research Group, winning 1st and 2nd place in the Institutional Investor analyst survey in 2009 and 2010, respectively. Previously, Mr. Dellis worked at UBS, Bear Stearns and Morgan Stanley. He is a qualified Chartered Accountant (ACA) and received a BA with Honors from Oxford University.

Mr. Dellis joins an established technology, media and telecommunications equity research team which includes 13 senior analysts globally covering some 230 companies. Jefferies' research analysts consistently rank among the top industry professionals and recently captured four awards in The Wall Street Journal "Best on the Street" 2010 Analyst Survey for US equity research, and 12 awards in the Financial Times / Starmine annual awards survey for US and European equity research analysts. Jefferies and its affiliates have more than 180 equity and leveraged finance research professionals in the US and Europe covering over 1,300 companies in the areas of aerospace & defense, clean technology, consumer, energy, financial services, gaming, leisure & lodging, healthcare, industrials, maritime, media & entertainment, technology, telecommunications and utilities.

Jefferies, a major global securities and investment banking firm, has served companies and their investors for more than 48 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., 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