Jefferies becomes 14th firm to join DIFX as a Member.

DUBAI, LONDON and NEW YORK -- The Dubai International Financial Exchange (DIFX) today welcomed Jefferies International Ltd as a member firm able to trade securities.

Jefferies International Ltd, a UK-based investment bank and institutional securities firm, is a subsidiary of Jefferies Group, Inc (NYSE: JEF).

Jefferies becomes the 14th Member firm to join the DIFX since the exchange opened in September 2005.

Per Larsson, Chief Executive of the DIFX, said: "The arrival of Jefferies further strengthens the role of the DIFX as the only international exchange serving the vast region between Western Europe and East Asia.

"The DIFX has a unique membership mix of leading international and regional banks, reflecting its position as a gateway for capital to enter the region."

Cliff Siegel, CEO of Jefferies International, said: "We are committed to identifying new opportunities to enhance our footprint in the global capital markets to better serve the needs of our clients. As Jefferies expands into key regions around the world, our DIFX membership and the access that it provides to this strategic financial centre will help position our firm for continued growth."

Membership of DIFX is the latest in a series of actions taken by Jefferies to provide clients with access to the global capital markets. In 2006, Jefferies' NOMAD status was approved on the London AIM, and the firm joined the Tokyo Stock Exchange, Euronext and the Deutsche Borse electronic trading platform, Xetra. In addition, Jefferies began working with transportation & oil service group, Ness, Risan & Partners, in Scandinavia to expand the investment bank's strong shipping and oil service practice. Jefferies also opened an office in Singapore this past April.

The DIFX expects many other banks from around the world, as well as across the region, to join the exchange in coming months.

Nasser Alshaali, Chief Operations Officer of the DIFX, commented: "Members of the DIFX will be able to trade a broad range of attractive products as the exchange continues to expand its issuer base. Investors will benefit from enhanced access to DIFX securities as the number of members grow."

Notes to Editors:

Dubai International Financial Exchange

The DIFX is the region's first international financial exchange for equities, bonds, Islamic products, funds, index products and (subject to regulatory approval) derivatives. The target areas of the DIFX for seeking issuers include the Middle East and North Africa, as well as South Africa, Turkey and the Indian sub-continent.

The exchange launched in September 2005 and currently has 14 Member banks - Barclays Capital, Citigroup, Credit Suisse, Deutsche Bank, EFG-Hermes, HSBC, Jefferies International, KAS BANK, Morgan Stanley, SHUAA Capital, UBS, Merrill Lynch, Mashreq Capital (DIFC) and ABN AMRO.

Issuers on the DIFX include Aabar Sukuk (sukuk), Deutsche Bank (certificates over indices), Fortune Management Inc. (ordinary shares), Kingdom Hotel Investments (ordinary shares), Man Industries (global depositary receipts), MashreqBank (Euro Medium Term Notes), National Bank of Dubai (Euro Medium Term Notes), Ports, Customs and Free Zone Corporation (sukuk) and Rana Sugars (global depositary receipts).

The regulator of the DIFX is the Dubai Financial Services Authority. The DIFX is located in the Dubai International Financial Centre (DIFC) and its owner is the DIFC Authority. www.difx.ae

Jefferies International Limited

Jefferies, a global investment bank and institutional securities firm, has served growing and mid-sized companies and their investors for over 40 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 respected advisor and underwriter, as well as a leading provider of trade execution in equity, high yield and convertible securities. The firm trades US, UK, European, Asian, Canadian, Latin American, Australian and South African securities and is connected electronically to virtually every major US and European exchange. Jefferies International Limited, a UK-incorporated, wholly owned subsidiary of US-based Jefferies Group, Inc. (NYSE: JEF; www.jefferies.com), was established in London in 1985 and is authorized and regulated by the Financial Services Authority (FSA).