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JEFFERIES GROUP, INC. ANNOUNCES MANAGEMENT CONFERENCE CALL TO DISCUSS 2008 SECOND QUARTER FINANCIAL RESULTS

NEW YORK, July 15, 2008 -- Jefferies Group, Inc. (NYSE: JEF) will hold a conference call with management on July 22, 2008 to discuss second quarter and first-half financial results for 2008. Participants on the call will include: Richard B. Handler, Chairman and Chief Executive Officer; Brian P. Friedman, Executive Committee Chairman; and Peregrine (“Peg”) Broadbent, Chief Financial Officer.

The call will be held on Tuesday, July 22, 2008, at 9:00 AM Eastern (date and time subject to change). Securities industry professionals may access the management discussion by calling 877-246-1929 or 706-634-9290. A one-week replay of the call will also be available at 800-633-8284 or 402-977-9140 (reservation code # 21388113). A live audio webcast and delayed replay can be accessed at www.jefferies.com.

Jefferies’ earnings press release will be distributed via Business Wire at approximately 8:00 AM Eastern on July 22, 2008 and can be viewed at www.jefferies.com. Questions for consideration by management during the conference call can be submitted in advance through the “Contact Us” function at www.jefferies.com or by calling 203-708-5975 before 8:30 AM Eastern on July 22nd.


About Jefferies

Jefferies, a global investment bank and institutional securities firm, has served growing and mid-sized companies and their investors for over 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).

For further information, please contact:

Tom Tarrant
Jefferies & Company, Inc.
203 708 5989
ttarrant@Jefferies.com