Market Overview

Jefferies Enters into Alliance with BlueStar Indexes for Distribution of Financial Commentary on Israel's Capital Markets

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Jefferies LLC today announced that it has entered into an alliance with
BlueStar Indexes in Israel. Under the agreement, Jefferies will
distribute to its global base of institutional and wealth management
clients co-branded BlueStar market commentary on the Israeli capital
markets and provide access to the benchmark BlueStar Indexes for Israeli
equities and bonds. The initial co-branded report will be distributed in
early August and monthly thereafter.

BlueStar Indexes is a leading provider of market analysis and investment
solutions for the Israeli capital markets, including data and insights
on the Israeli equity market and a family of benchmarks that track
Israeli companies listed worldwide. BlueStar's insights provide a unique
global perspective on Israel's economy, its equity and fixed income
markets, and the key sectors driving investment performance in the
Israeli market.

"This arrangement with BlueStar, a thought leader on the Israel capital
markets, will provide Jefferies' clients with insights on Israel's
economic outlook, macroeconomic policies and performance of the stock
market," commented Peter Forlenza, Global Head of Equities at Jefferies.
"The distribution of such market intelligence and access to Indexes will
be very helpful to our global institutional and wealth management
clients seeking exposure to a broadly-defined universe of Israeli
technology companies and related investment products."

"BlueStar is thrilled to partner with Jefferies in disseminating our
unique Israel market intelligence, indexes and data to Jefferies' vast
investor client base across the U.S., Europe and Asia," said Steven
Schoenfeld, founder and chief investment officer of BlueStar Indexes.
"Furthermore, we believe that our flagship BIGI® and TA-BIGITech® Israel
Equity benchmarks – already tracked by two US-listed ETFs and five index
funds in Israel – will be valuable tools for Jefferies clients
worldwide, and will help clearly define the Israeli Technology sector.'

"Jefferies has a significant and growing business in Israel across
multiple product and business lines. We are excited to leverage the
focus and capabilities of the strong team at BlueStar to help us
continue to develop our strategic initiatives in Israel by providing our
investors thoughtful insight into this unique, dynamic and expanding
market," added Natti Ginor, Head of Israel Markets at Jefferies.

In other investor offerings from Jefferies, the firm's global equity
research effort consists of more than 120 publishing analysts covering
over 2,000 stocks from research centers in Frankfurt, London, Hong Kong,
Mumbai, Singapore, Tokyo, Boston, Houston, Nashville, New York and San
Francisco. The firm's global coverage includes Economics & Strategy,
Business Services, Consumer, Energy, Financial Services, Insurance,
Healthcare, Industrials, Internet and Interactive Entertainment,
Maritime, Media, Metals & Mining, MLPs, REITs, Technology,
Telecommunications, Travel & Leisure and Utilities. Through co-branded
research agreements in Asia, Jefferies has also formed alliances with
leading firms in Australia, Indonesia, South Korea, Malaysia, The
Philippines, Sri Lanka, Taiwan, Thailand and Vietnam to broaden the
firm's equity research offering to its global client base. These
alliances now include an additional 100+ analysts covering more than 700
companies in the Asia Pacific region.

To learn more about Jefferies equity research capabilities or to receive
the firm's research, please contact your Jefferies representative.

About Jefferies

Jefferies, the world's only independent full-service global investment
banking firm focused on serving clients for over 50 years, is a leader
in providing insight, expertise and execution to investors, companies
and governments. Our firm provides a full range of investment banking,
sales, trading, research and strategy across the spectrum of equities,
fixed income and foreign exchange, as well as wealth management, in the
Americas, Europe and Asia. Jefferies Group LLC is a wholly-owned
subsidiary of Leucadia National Corporation (NYSE:LUK), a diversified
holding company.

About BlueStar

BlueStar Indexes is a research-focused financial firm that specializes
in the Israeli capital markets. BlueStar's mission is to develop
investment strategies that provide global institutional and retail
investors efficient access to the full range of Israeli asset classes.
BlueStar's flagship products are the BlueStar Israel Global Index®
(BIGI®), a benchmark designed for broad, deep and complete coverage of
Israeli companies, providing balanced sector exposure to Israel's
dynamic economy and the TASE-BlueStar Israel Global Technology Index™
(TA-BIGITech®) which tracks more than 70 Israeli tech stocks listed
worldwide.. The NYSE-listed ISRA Israel ETF and two TASE-listed ETNs
sponsored by Psagot track BIGI®. TA-The BlueStar TA-BIGITech® Israel
Technology ETF (NASDAQ:ITEQ) and two Israeli-registered index products
from KSM/Excellence fund tracking TA-BIGITech®.

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