FOR IMMEDIATE DISTRIBUTION

JEFFERIES DECLARES QUARTERLY DIVIDEND

NEW YORK, June 22, 2010 -- Jefferies Group, Inc. (NYSE: JEF) announced today that, on June 21, 2010, its Board of Directors declared a quarterly dividend of $0.075 per share of common stock, payable on August 16, 2010 to stockholders of record on July 15, 2010.

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

For further information, please contact:

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