Leucadia National Corporation and Jefferies Group, Inc. Announce Record Dates and Meeting Dates for Special Meetings of

  Leucadia National Corporation and Jefferies Group, Inc. Announce Record
  Dates and Meeting Dates for Special Meetings of Shareholders to Vote on the
  Proposed Merger of the Companies

Business Wire

NEW YORK -- January 29, 2013

Leucadia National Corporation (NYSE: LUK) and Jefferies Group,Inc. (NYSE:
JEF) today announced that both companies will hold their respective special
meetings of shareholders on February 28, 2013 to vote on the proposals
pertaining to the previously announced merger of the companies and related
matters. Holders of shares of Leucadia and holders of shares of Jefferies on
Monday, January 28, 2013, will be entitled to vote at their respective special
meeting on such proposals.

The special meeting for Leucadia will be held on Thursday, February 28, 2013,
at 9:00am eastern time at the offices of Weil, Gotshal & Manges LLP at 767
Fifth Avenue, New York, New York.

The special meeting for Jefferies will be held on Thursday, February 28, 2013,
at 11:00am eastern time at the offices of Weil, Gotshal & Manges LLP at 767
Fifth Avenue, New York, New York.

About Jefferies

Jefferies Group, Inc. (NYSE: JEF) is a global investment banking firm focused
on serving clients for over 50 years. The firm is a leader in providing
insight, expertise and execution to investors, companies and governments, and
provides a full range of investment banking, sales, trading, research and
strategy across the spectrum of equities, fixed income and commodities, in the
U.S., Europe and Asia.

About Leucadia

Leucadia National Corporation (NYSE: LUK) is a diversified holding company
engaged through its consolidated subsidiaries in a variety of businesses,
including beef processing, manufacturing, gaming entertainment, real estate
activities, medical product development and winery operations. Leucadia also
has a significant equity interest in Jefferies Group, Inc., and owns equity
interests in operating businesses including a commercial mortgage origination
and servicing business.

Important Information for Investors and Shareholders

In connection with the proposed merger between Leucadia and Jefferies,
Leucadia filed with the Securities and Exchange Commission (“SEC”) a
registration statement on FormS-4 that includes a joint proxy statement of
Leucadia and Jefferies and that also constitutes a prospectus of Leucadia. The
registration statement was declared effective by the SEC on January 28, 2013.
Leucadia and Jefferies will first mail the joint proxy statement/prospectus to
their respective shareholders and stockholders on or about January 30, 2013.
Leucadia and Jefferies may also file other documents with the SEC regarding
the proposed transaction. INVESTORS AND SECURITY HOLDERS OF LEUCADIA AND
JEFFERIES ARE URGED TO READ THE REGISTRATION STATEMENT, THE JOINT PROXY
STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED WITH THE
SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY
AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE
PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders may
obtain free copies of the registration statement and the joint proxy statement
/prospectus and other documents filed with the SEC by Leucadia and Jefferies
through the web site maintained by the SEC at www.sec.gov. In addition,
investors and security holders may obtain free copies of the registration
statement and the joint proxy statement/prospectus and other documents filed
with the SEC by Leucadia and Jefferies by phone, e-mail or written request by
contacting the investor relations department of Jefferies or Leucadia at the
following:

Jefferies
520 Madison Avenue, New York, NY 10022
Attn: Investor Relations
203-708-5975
info@jefferies.com

Leucadia
315 Park Avenue South Address, New York, NY 10010
Attn: Investor Relations
212-460-1900


Participants in the Solicitation

Leucadia and Jefferies, and their respective directors and executive officers,
may be deemed to be participants in the solicitation of proxies in respect of
the proposed transactions contemplated by the merger agreement. Information
regarding Leucadia’s directors and executive officers is contained in
Leucadia’s proxy statement dated April13, 2012, which has been filed with the
SEC. Information regarding Jefferies’ directors and executive officers is
contained in Jefferies’ annual report on Form 10-K filed with the SEC on
January 29, 2013. A more complete description is available in the registration
statement and the joint proxy statement/prospectus.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward looking statements” within the meaning of
the safe harbor provisions of Section27A of the Securities Act of 1933 and
Section21E of the Securities Exchange Act of 1934. Forward looking statements
include statements about Jefferies’ and Leucadia’s future and statements that
are not historical facts. These forward looking statements are usually
preceded by the words “expect,” “intend,” “may,” “will,” or similar
expressions. All information and estimates relating to the merger of Leucadia
and Jefferies and the combination of those businesses constitute forward
looking statements. Forward looking statements may contain expectations
regarding post-merger activities and financial strength, operations,
synergies, and other results, and may include statements of future
performance, plans, and objectives. Forward looking statements also include
statements pertaining to Leucadia and Jefferies strategies for future
development of our businesses, the payment by Leucadia of quarterly dividends,
the spin off of Leucadia’s Crimson Wine Group, and Leucadia’s ability to
utilize certain of its tax attributes. Forward looking statements represent
only Leucadia’s and Jefferies’ beliefs regarding future events, many of which
by their nature are inherently uncertain or subject to change. It is possible
that the actual results may differ, possibly materially, from the anticipated
results indicated in these forward-looking statements. Information regarding
important factors that could cause actual results to differ, perhaps
materially, from those in Leucadia’s and Jefferies’ forward looking statements
is contained in reports that are filed and will be filed with the SEC. You
should read and interpret any forward looking statement together with such
reports.

Contact:

Jefferies Group, Inc.
Peregrine Broadbent, 212-284-2338
Chief Financial Officer
or
Leucadia National Corporation
Laura Ulbrandt, 212-460-1900
AVP and Corporate Secretary
 
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