The notes were sold in a reopening of the Company's 8.50% senior notes due 2019, $400 million aggregate principal amount of which were issued on June 30, 2009. Upon the consummation of this offering, the aggregate outstanding principal amount of Jefferies' 8.50% senior notes due 2019 will be $700 million.

The 8.50% senior notes sold on September 22, 2009 and the previously issued 8.50% senior notes will be treated as a single series of debt securities.

Jefferies & Company, Inc., Citigroup Global Markets Inc., and J.P. Morgan Securities Inc. are the joint book-running managers of this offering. BNY Mellon Capital Markets, LLC, Banc of America Securities LLC, BNP Paribas Securities Corp., Deutsche Bank Securities Inc., and Keefe, Bruyette & Woods, Inc. are acting as co-managers. A prospectus supplement and prospectus may be obtained by calling Jefferies & Company, Inc. at (201) 761-7610.

About Jefferies

Jefferies, a major global securities and investment banking group, has served companies and their investors for more than 45 years. Headquartered in New York City, with offices in more than 25 cities around the world, Jefferies provides clients with capital markets and financial advisory services, institutional brokerage, securities research and asset management. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the notes or debentures nor shall there be any sale of the notes or debentures 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.

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