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Jefferies Group, Inc. Sells an Additional $150 Million of Senior Debt

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^{Published in Business and Finance on Thursday, July 15th 2010 at 5:47 GMT by Market Wire}  

NEW YORK & LONDON--([ BUSINESS WIRE ])--Jefferies Group, Inc. (NYSE: JEF) announced today the sale of an additional $150 million aggregate principal amount of its 6.875% senior notes due 2021. The notes were sold in a reopening of the Companya™s 6.875% senior notes due 2021, $400 million aggregate principal amount of which were issued on June 28, 2010. Upon the consummation of this offering, the aggregate outstanding principal amount of Jefferiesa™ 6.875% senior notes due 2021 will be $550 million.

The senior notes were priced to yield 6.934% at a spread of 385 basis points over the comparable US Treasury bonds. The Companya™s senior unsecured debt securities are rated Baa2(Stable)/BBB(Stable)/BBB(Stable) (Moodya™s/Standard & Poora™s/Fitch). The expected closing date is July 19, 2010.

The 6.875% senior notes sold on July 14, 2010 and the previously issued 6.875% senior notes will be treated as a single series of debt securities.

Jefferies & Company, Inc. is the sole manager of this offering. A prospectus may be obtained from Jefferies Customer Reporting Group at 34 Exchange Place, Plaza 3, Suite 705, Jersey City, NJ 07311, (201) 761-7610.

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., 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.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the notes nor shall there be any sale of the notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. Offers will be made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement.