• Jefferies Financial Group
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Investor Relations

Press Release

Jefferies Financial Group Inc. Closes Its Purchase of Remaining 30% Interest in HomeFed Corporation

Company Release - 7/1/2019 8:41 AM ET

NEW YORK--(BUSINESS WIRE)-- Jefferies Financial Group Inc. (NYSE: JEF) today announced that it has closed its purchase of the remaining 30% that it did not already own of the outstanding shares of common stock of HomeFed Corporation (HomeFed), a developer and owner of residential and mixed-use real estate properties primarily in California and New York. Jefferies exchanged two shares of Jefferies common stock for each share of HomeFed’s common stock acquired by Jefferies. Jefferies’ CEO, Rich Handler, and President, Brian Friedman, stated, “We are pleased to have closed our acquisition of the balance of HomeFed common stock. As we have noted before, we believe this transaction makes good sense for Jefferies and HomeFed and will help us to maximize the value of HomeFed over time.”

Forward-Looking Statements

This communication may "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 may contain expectations regarding the transaction, and may include statements of future performance, plans, and objectives. Forward-looking statements represent only our belief regarding future events, many of which by their nature are inherently uncertain. 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, 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 reports we file with the SEC.

Laura Ulbrandt
(212) 460-1900

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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