Appellate Court to Consider Rimini Street Appeal of Injunction

Injunction does not limit any sale of service for any Oracle
products or restrict service deliverables Rimini Street provides its
clients

LAS VEGAS–(BUSINESS WIRE)–#RiminiStreetRimini
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 regarding the recent court ruling on the motion to
stay the injunction:

“Once again, Oracle’s apparent fear of Rimini Street’s strong value
proposition and compelling ‘Business-Driven Roadmap’ alternative that
has been successfully implemented by a growing list of more than 2,600
clients since 2005, including more than 150 Fortune 500 and Global 100
clients, appears to be fueling its misleading and increasingly desperate
marketing campaign.

As usual, Rimini Street will provide the facts, while Oracle provides
the misleading bluster.

Third-Party Support Lawful to Offer and for Oracle Licensees to
Purchase and Use

The U.S. Ninth Circuit Court of Appeals (“Court of Appeals”) found that
Rimini Street ‘provided third-party support for Oracle’s enterprise
software, in lawful competition with Oracle’s direct maintenance
services.’

Oracle Failed in Almost All of Its Claims

The Oracle v. Rimini Street trial concluded in 2015. Oracle
ultimately lost 11 out of its 12 claims, prevailed on just one claim of
‘innocent’ infringement, was found to have suffered no lost profits or
customers resulting from the ‘innocent’ infringement, and CEO Seth A.
Ravin was exonerated of all claims. The ‘innocent’ infringement finding
by the jury means that Rimini Street did not know and had no reason to
know that its former processes were infringing.

Legally-Flawed Injunction

In 2016, following the Oracle v. Rimini Street trial, the U.S.
District Court (“District Court”) issued an overly broad and vague
injunction against Rimini Street. The injunction purported to address
former support processes that are no longer in use, and that have not
been used since July 2014 at the latest.

Rimini Street immediately appealed the injunction to the Court of
Appeals, citing numerous legal flaws. In January 2018, the Court of
Appeals vacated that flawed injunction and remanded the matter back to
the District Court for reconsideration. On August 15, 2018, the District
Court imposed substantially the same flawed injunction that the Court of
Appeals had previously vacated, and Rimini Street immediately moved to
again appeal the injunction.

On November 5, 2018, the Court of Appeals affirmed the briefing schedule
for the appeal, but denied Rimini Street’s motion for a stay of the
injunction pending resolution of the appeal. The Court of Appeals
provided no reason for its denial of the stay motion, and the order does not
address the merits of Rimini Street’s appeal. Rimini Street looks
forward to once again having the legally-flawed injunction vacated on
appeal.

No Limit on the Sale or Delivery of any Services for Oracle Products

Like the original injunction that was vacated by the Court of Appeals,
the renewed injunction does not limit any sale of service for any
Oracle products or restrict service deliverables Rimini Street provides
its clients
, but rather defines the manner in which Rimini Street
may continue to provide support services for certain Oracle product
lines.

Quotes from Oracle Speak for Themselves

Oracle’s actions, including its misleading marketing campaign, may be
fueled by a deep set of beliefs and entitlements regarding customers. In
fact, the following quotes
from Oracle senior executives provide further insight into Oracle’s
apparent contempt for its customers and arrogance as a software vendor.

Let the bastards dream of reducing their maintenance fees.” –
Juan Jones, Oracle SVP, Customer Support Services, Global Support
Renewal Sales1

…[maintenance]…is a very profitable part of our business…it is
really impossible for us to actually spend our way through it.
” –
Safra Catz, Oracle Co-CEO2

“…we always get more money.” – Safra Catz, Oracle Co-CEO3

Rimini Street Brings Value and Choice to Clients

Rimini Street has spent 13 years disrupting the enterprise software
maintenance business, and we continue our mission to bring our needed
services, value and choice to even more software licensees around the
world. Enterprises need a support service that empowers IT to meet
today’s business requirements with a ‘Business-Driven Roadmap,’ enables
innovation agility, maximizes ROI and creates competitive advantage. By
switching to Rimini Street’s award-winning support, clients can achieve
all of these objectives and also enjoy premium services such as full
support for all customizations and add-ons at no extra cost.

Oracle Will Be Held Accountable

Rimini Street plans to hold Oracle accountable for any illegal or
anticompetitive activity, as it is doing presently with its claims
against Oracle filed in a separate lawsuit brought by Rimini Street
against Oracle in 2014, Rimini Street v. Oracle, which is pending
in the District Court and expected to go to trial in 2021 or later.”

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 1,700 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) (IR-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 of future events,
future opportunities, global expansion and other growth initiatives and
our investments in such 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 developments in pending litigation or in
the government inquiry or any new litigation; the final amount and
timing of any refunds from Oracle related to our litigation; our need
and 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; and those discussed under the heading “Risk Factors” in
Rimini Street’s Quarterly Report on 10-Q filed on November 8, 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.

1 Oracle Corp. v. SAP AG, No. 4:07-cv-01658-PJH, Dkt.
No. 1235 (Trial Tr. vol. 8) at p. 111 (N.D. Cal. June 9, 2013).

2 Oracle Corporation Q2 2009 Earnings Call https://seekingalpha.com/article/111502-oracle-corporation-f2q09-qtr-end-11-30-08-earnings-call-transcript?part=single

3 Oracle Corporation Q2 2013 Earnings Call https://seekingalpha.com/article/1072011-oracle-management-discusses-q2-2013-results-earnings-call-transcript?part=single

Contacts

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

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