Statement on U.S. Supreme Court Decision to Hear Rimini Street Appeal for $12.8 Million

U.S. Supreme Court to resolve U.S. Circuit Court dispute over
copyright law

LAS VEGAS–(BUSINESS WIRE)–#RMNI—Rimini
Street, Inc. (Nasdaq: RMNI), a global provider of enterprise
software products and services, and the leading third-party support
provider for Oracle and SAP software products, today issued the
following statement in regard to the Oracle v. Rimini Street case:

Statement:

“On September 27, 2018, the United States Supreme Court granted Rimini
Street, Inc.’s petition for review in Oracle v. Rimini Street
appealing the decision of the Ninth Circuit Court of Appeals allowing an
award of non-taxable costs as part of the final judgment awarded to
Oracle by the U.S. District Court for the District of Nevada. The
Company’s appeal argues that the award of $12.8 million of non-taxable
costs is in direct conflict with decisions in other U.S. Federal Circuit
Courts and decisions of the Supreme Court. Rimini Street is seeking a
refund of the $12.8 million from Oracle.

Rimini Street is pleased that the Supreme Court has decided to hear this
important case and resolve this key point of law, despite Oracle’s
opposition. We look forward to this next step in recovering an
additional $12.8 million from Oracle.

No amount of bluster and attempted media spin by Oracle can obfuscate
the facts that the jury found Rimini Street’s past infringement was
‘innocent’ and not intentional, that Oracle lost 11 out of 12 claims
against the Company, that Oracle lost all claims against Rimini Street’s
CEO, and that Oracle has already been ordered by the U.S. Court of
Appeals to refund $21.5 million of amounts previously paid by Rimini
Street in 2016.

Rimini Street is aggressively pursuing claims and additional appeals
against Oracle in Federal Court.”

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise
software products and services, and the leading third-party support
provider for Oracle and SAP software products. The Company has redefined
enterprise software support services since 2005 with an innovative,
award-winning program that enables licensees of IBM, Microsoft, Oracle,
Salesforce, SAP and other enterprise software vendors to save up to 90
percent on total maintenance costs. Clients can remain on their current
software release without any required upgrades for a minimum of 15
years. Over 1,620 global Fortune 500, midmarket, public sector and other
organizations from a broad range of industries currently rely on Rimini
Street as their trusted, third-party support provider. To learn more,
please visit http://www.riministreet.com,
follow @riministreet
on Twitter and find Rimini Street on Facebook
and LinkedIn.
(C-RMNI)

Forward-Looking Statements

Certain statements included in this communication are not historical
facts but are forward-looking statements for purposes of the safe harbor
provisions under The Private Securities Litigation Reform Act of 1995.
Forward-looking statements generally are accompanied by words such as
“may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,”
“estimate,” “predict,” “potential,” “seem,” “seek,” “continue,”
“future,” “will,” “expect,” “outlook” or other similar words, phrases or
expressions. These forward-looking statements include, but are not
limited to, statements regarding our expectations as to future events,
future opportunities and growth initiatives. These statements are based
on various assumptions and on the current expectations of management and
are not predictions of actual performance, nor are these statements of
historical facts. These statements are subject to a number of risks and
uncertainties regarding Rimini Street’s business, and actual results may
differ materially. These risks and uncertainties include, but are not
limited to, continued inclusion in the Russell 2000 Index in the future,
changes in the business environment in which Rimini Street operates,
including inflation and interest rates, and general financial, economic,
regulatory and political conditions affecting the industry in which
Rimini Street operates; adverse litigation developments or in the
government inquiry; the final amount and timing of any refunds from
Oracle related to our litigation; our ability to raise additional equity
or debt financing on favorable terms; the terms and impact of our 13.00%
Series A Preferred Stock; changes in taxes, laws and regulations;
competitive product and pricing activity; difficulties of managing
growth profitably; the success of our recently introduced products and
services, including Rimini Street Mobility, Rimini Street Analytics,
Rimini Street Advanced Database Security, and services for Salesforce
Sales Cloud and Service Cloud products; the loss of one or more members
of Rimini Street’s management team; uncertainty as to the long-term
value of Rimini Street’s equity securities, including its common stock
and its Preferred Stock; and those discussed under the heading “Risk
Factors” in Rimini Street’s Quarterly Report on 10-Q filed on August 9,
2018, which disclosures amend and restate the disclosures appearing
under the heading “Risk Factors” in Rimini Street’s Annual Report on
Form 10-K filed on March 15, 2018, and as updated from time to time by
Rimini Street’s future Quarterly Reports on Form 10-Q, Current Reports
on Form 8-K, and other filings by Rimini Street with the Securities and
Exchange Commission. In addition, forward-looking statements provide
Rimini Street’s expectations, plans or forecasts of future events and
views as of the date of this communication. Rimini Street anticipates
that subsequent events and developments will cause Rimini Street’s
assessments to change. However, while Rimini Street may elect to update
these forward-looking statements at some point in the future, Rimini
Street specifically disclaims any obligation to do so, except as
required by law. These forward-looking statements should not be relied
upon as representing Rimini Street’s assessments as of any date
subsequent to the date of this communication.

© 2018 Rimini Street, Inc. All rights reserved. “Rimini Street” is a
registered trademark of Rimini Street, Inc. in the United States and
other countries, and Rimini Street, the Rimini Street logo, and
combinations thereof, and other marks marked by TM are trademarks of
Rimini Street, Inc. All other trademarks remain the property of their
respective owners, and unless otherwise specified, Rimini Street claims
no affiliation, endorsement, or association with any such trademark
holder or other companies referenced herein.

Contacts

Rimini Street, Inc.
Michelle McGlocklin, +1 925-523-8414
mmcglocklin@riministreet.com