UPDATE: Leucadia National to Acquire Jefferies Group

Leucadia National Corporation

and Jefferies Group, Inc.

announced today that they will hold a conference call with management at 9:00 AM Eastern today, November 12, 2012, to discuss their publicly announced merger agreement. Participants on the call will include: Richard B. Handler, Chairman and Chief Executive Officer of Jefferies; Brian P. Friedman, Executive Committee Chairman of Jefferies; Peregrine (“Peg”) Broadbent, Chief Financial Officer of Jefferies; Joe Steinberg, President of Leucadia; Justin Wheeler, Chief Operating Officer of Leucadia; and Joe Orlando, Chief Financial Officer of Leucadia. Investors and securities industry professionals may access the management discussion by calling (877) 710-9938 or (702) 928-7183. A