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Press Release

Jefferies Financial Group Inc. Announces $250 Million Increase to Jefferies’ Share Repurchase Program

Company Release - 1/31/2020 4:48 PM ET

NEW YORK--(BUSINESS WIRE)-- Jefferies Financial Group Inc. (NYSE:JEF), announced today that its Board of Directors has approved an increase to Jefferies’ share repurchase program of $250 million. This increase will add to the approximately 2.8 million-share authority that Jefferies has under its existing repurchase program. Shares may be repurchased by Jefferies from time to time in the open market, through block trades or otherwise.

During the current fiscal quarter, Jefferies has repurchased approximately 7 million shares at an average price of $21.70 or approximately $152 million.

As of today’s close of business, Jefferies has 284,761,185 issued and outstanding common shares, or 307,759,516 outstanding common shares on a fully diluted basis.*

About Jefferies Financial Group Inc.

Jefferies Financial Group Inc. is a diversified financial services company engaged in investment banking and capital markets, asset management and direct investing. Jefferies Group LLC, our largest subsidiary, is the largest independent, global, full-service and U.S. headquartered investment banking firm.

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements include statements about our future and statements that are not historical facts. These forward-looking statements are usually preceded by the words “should,” “expect,” “intend,” “may,” “will” or similar expressions. Forward-looking statements include our expectations relating to future share repurchases and our share repurchase program. Forward-looking statements represent only our belief 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. Additional information, including Risk Factors, that could cause actual results to differ, perhaps materially, from those in our forward-looking statements is contained in reports we file with the SEC. You should read and interpret any forward-looking statement together with this disclaimer and the reports we file with the SEC.

*Outstanding common shares on a fully diluted basis consist of our outstanding common shares plus approximately 23 million shares primarily from vested restricted stock units ("RSUs") and the target number of RSUs issuable under our senior executive compensation plans (fully diluted shares exclude preferred shares as they are antidilutive).

Jefferies Financial Group Inc.:
Laura Ulbrandt (212) 460-1977

Source: Jefferies Financial Group Inc.

Jefferies Financial Group

Principal Executive Office:  520 Madison Avenue, New York, NY 10022

Principal Executive Office
520 Madison Avenue
New York, NY 10022

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