Jefferies Establishes $2 Billion Euro Medium Term Note Program

Jefferies Group, Inc.

announced today that it has established a $2 billion Euro Medium Term Note Programme (the “Programme”). Under the Programme, Jefferies may issue senior or subordinated notes from time to time in any one of a number of currencies and which will be listed on the Irish Stock Exchange. Richard B. Handler, Chairman and Chief Executive Officer of Jefferies, commented, “This programme will afford Jefferies further flexibility in our capital structure and funding sources, including access to a broad variety of investors across Europe.”