Jefferies Hires Head and Deputy Head of UK Trading and Sales Trading

Jefferies International Limited, the UK subsidiary of US-based Jefferies Group, Inc. (NYSE: JEF), today announced the hiring of Terry McCarthy as Managing Director, Head of UK Trading and Sales Trading, and Steven Hopwood, Director, Deputy Head of UK Trading and Sales Trading. These additions are the latest in a series of new hires and acquisitions reflecting the Firm’s broader strategy to expand further its full-service US investment banking platform for growth and mid-sized companies and their investors into Europe, the Middle East and Asia. Messrs. McCarthy and Hopwood will be located in the Firm’s London office, and both join from Panmure Gordon & Co where they held similar positions. In their new roles, they will be responsible for leading the development and coordination of Jefferies’ UK equities business as well as the sales trading business to European investors. David Weaver, President of Jefferies International, commented: "Terry and Steven bring with them extensive relationships and experience that will significantly bolster Jefferies’ UK equities sales and trading business. We will continue to invest in this area as part of our ongoing commitment to match our strong US franchise.” Terry McCarthy added: "I was drawn to Jefferies’ full-service platform, excellent reputation and tremendous growth story. Steven and I look forward to developing the firm’s UK trading and sales trading business and helping to establish Jefferies as a dominant force in this area.” Jefferies has one of the largest institutional sales forces globally and, in US markets, is a leading provider of trade execution and liquidity for small- and mid-cap securities. The Firm’s broader equities effort includes electronic trading, derivatives, structured products, prime brokerage, securities finance, award-winning research and a growing capital markets practice. The Firm’s equity research team recently ranked among the Top 5 investment banks for the second time in three years in The Wall Street Journal "Best on the Street” 2007 Analysts Survey. Jefferies now has more than 130 equity and high yield research professionals in the US, Europe and Asia covering over 1,300 companies in the areas of clean technology, consumer, energy, healthcare, industrials / aerospace & defence, and technology, media & telecommunications. About Jefferies Jefferies, a global investment bank and institutional securities firm, has served growing and mid-sized companies and their investors for 45 years. Headquartered in New York, with more than 25 offices around the world, Jefferies provides clients with capital markets and financial advisory services, institutional brokerage, securities research and asset management. The firm is a leading provider of trade execution in equity, high yield, convertible and international securities for institutional investors and high net worth individuals. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF; www.jefferies.com). Jefferies International Limited, a UK-incorporated, wholly owned subsidiary of Jefferies Group, Inc., was established in London in 1985 and is authorized and regulated by the Financial Services Authority ("FSA").