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JEFFERIES EXPANDS FINANCIAL SPONSOR COVERAGE IN EUROPE

FRANKFURT, LONDON and NEW YORK, 14 July 2010 – In a further expansion of the firm's global financial sponsor coverage, Jefferies announced today the addition of Victor von Mengersen as a Managing Director and Head of German Financial Sponsor Coverage. Mr. von Mengersen will be located in the firm's Frankfurt office.

"The addition of Victor von Mengersen is part of our firm's strategy to be a significant competitor in the European financial sponsors business, as well as our ongoing commitment to expand our investment banking presence in Germany," said Benjamin Lorello, Global Head of Investment Banking and Capital Markets at Jefferies.

"Germany is a key market for Jefferies and Victor is recognized as a leading financial sponsor banker with extensive relationships in this important market," commented David Weaver, President of Jefferies International Ltd. "Victor's 20 years of financial sponsor and leveraged finance experience in originating and executing transactions across a broad range of industry sectors in Germany makes him a valuable addition to Jefferies' European investment banking business."

Adam Sokoloff, Global Head of Financial Sponsors Coverage at Jefferies, added, "The addition of Victor brings to our team an expansive group of high quality financial sponsor relationships in Germany and significantly adds to the worldwide expansion of our financial sponsor coverage footprint."

Mr. von Mengersen brings to Jefferies 15 years of experience in German sponsor coverage and more than 20 years of leveraged finance experience. This includes seven years at UBS as a Managing Director and Head of the German Financial Sponsor and Leveraged Finance Group, and five years at Dresdner Bank as a Managing Director in the Leveraged Finance Group. Mr. von Mengersen received his Diploma in Business Administration from the University of the German Federal Armed Forces in Hamburg.

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 Limited, +44 20 7029 8085, dmaghoo@jefferies.com
Josh Passman, CJP Communications, 212 279 3115, x203, jpassman@cjpcom.com