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JEFFERIES EXPANDS EUROPEAN MERGERS & ACQUISITIONS GROUP

LONDON and NEW YORK, 27 July 2010 -- In a further expansion of the firm's Global Mergers & Acquisitions Investment Banking Group, Jefferies announced today the addition of Tariq Hussain in London as a Managing Director in the firm's Global Mergers and Acquisitions Group.

"As we continue to significantly expand our sector coverage and financial sponsor coverage in Europe, we intend to support our new clients with additional senior M&A expertise," said Benjamin Lorello, Global Head of Investment Banking and Capital Markets. "Tariq Hussain's extensive M&A experience with both corporate and sponsor clients represents an important addition to our European advisory capability."

"Jefferies' continued European expansion is premised on our dedication to providing clients with quality strategic advice and world-class M&A execution," commented David Weaver, President of Jefferies International. "Tariq fills an important role in this strategy."

"We are delighted that Tariq has joined our Global Mergers and Acquisitions Group," added John Huwiler, Global Head of Mergers and Acquisitions at Jefferies. "His 14 years of M&A experience and his extensive relationships with corporates and financial sponsors across Europe will expand and deepen our global M&A footprint."

Jefferies' Global M&A group is comprised of nearly 90 mergers and acquisitions banking professionals. For 2010 year to date, Jefferies has advised on 64 advisory transactions with aggregate value of more than $72 billion.

Mr. Hussain brings 14 years of investment banking experience to Jefferies, including 12 years at Dresdner Kleinwort, with senior roles during his tenure including Co-Head of European M&A and Global Head of the Financial Buyers Group. Mr. Hussain received his MBA from IMD in Lausanne, Switzerland, his BAcc in Finance and Accounting from the University of Glasgow and is a Chartered Accountant.

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 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, +1 203 708 5989, ttarrant@jefferies.com
Desiree Maghoo, Jefferies, 44 20 7029 8085, dmaghoo@jefferies.com
Josh Passman, CJP Communications, +1 212 279 3115, x203, jpassman@cjpcom.com