FOR IMMEDIATE DISTRIBUTION

JEFFERIES ANNOUNCES HEAD OF RATINGS ADVISORY GROUP

NEW YORK, July 19 2010 -- In a further expansion of the firm's Debt Capital Markets business, Jefferies announced today the addition of Paul D. Sandoli as a Managing Director and Head of its Ratings Advisory Group.

In this role Mr. Sandoli will be responsible for leading the firm's efforts in providing credit rating and capital structure advice and analysis to corporate clients in connection with their capital raising and acquisition financing decisions.

"The addition of Paul to our debt capital markets team is part of our ongoing strategy to expand the breadth of fixed income services we provide to our corporate clients in advising them on their financing, refinancing, and acquisition funding decisions," commented Benjamin D. Lorello, Global Head of Investment Banking and Capital Markets at Jefferies.

"Having had the pleasure of working with Paul during his years at Bear Stearns, I know that he will make a significant and valuable impact on our Investment Banking clients when advising them on their ratings strategies and financing alternatives," stated Robert L. Harteveldt, Global Head of Leveraged Finance.

Mr. Sandoli brings to Jefferies over 15 years of investment banking experience, including seven years at Bear Stearns where he was a Managing Director and led the Leveraged Finance Ratings Advisory business. Prior to Bear Stearns, Mr. Sandoli spent six years at Goldman Sachs in credit risk management and rating agency advisory. He received his MBA from Columbia University and his BS from Villanova University.

Jefferies, a 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:

Tom Tarrant, Jefferies, 203 708 5989, ttarrant@jefferies.com
Desiree Maghoo, Jefferies, 44 20 7029 8085, dmaghoo@jefferies.com
Josh Passman, CJP Communications, 212 279 3115, x203, jpassman@cjpcom.com