JEFFERIES APPOINTS HIGH YIELD CREDIT ANALYST IN LONDON

LONDON, 14 April 2003 -- Jefferies International Ltd., a subsidiary of New York-based Jefferies Group, Inc. (NYSE: JEF), today announced the appointment of Peter Cuckovic as a senior high yield credit analyst. He will report to James F. Graham, Director of Equity Linked Securities, and will be based in the firm’s London office.

Mr Cuckovic will research European high yield credits in the convertibles universe, supporting Jefferies’ well-established international convertibles sales/trading and research business.

Mr Cuckovic joins from ING, where he was Vice President and a senior high yield analyst and head of telecom research.


For further information, please contact:
Beverley Weber/ Andrew Marshall
Fishburn Hedges
0207 839 4321
Tom Tarrant, Jefferies & Company, Inc.
+1 203 708 5989, ttarrant@jefco.com

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