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Rimini Street Delivers 2015 Year-End Tax, Legal and Regulatory Updates for North America, Plus Global Updates for Countries in Asia-Pacific, EMEA and Latin America

Updates delivered to many countries around the world, including Austria, Brazil, China, the Czech Republic, Hong Kong, India, Italy, Japan, Norway, Romania, Ukraine and the UK

LAS VEGAS – November 10, 2015 – Rimini Street, Inc., the leading global independent provider of enterprise software support services for SAP SE’s (NYSE:SAP) Business Suite and BusinessObjects software and Oracle Corporation’s (NYSE:ORCL) Siebel, PeopleSoft, JD Edwards, E-Business Suite, Oracle Database, Oracle Middleware, Hyperion, Oracle Retail and Oracle Agile PLM, today announced delivery of its PeopleSoft 2015 year-end tax, legal and regulatory updates, 2015-E for the US and Canada, as well as global updates for many countries. The updates were delivered ahead of the vendor’s own scheduled delivery date for similar updates by applying Rimini Street’s patent-pending tax, legal and regulatory research technology, proven methodology and ISO 9001-certified development processes. SAP, JD Edwards and Oracle E-Business Suite clients, as well as clients with operations in more than a dozen countries across Asia-Pacific, EMEA and Latin America received significant new tax, legal and regulatory changes from Rimini Street that were required to ensure compliance with the growing number of legislative changes around the world.

Updates for the United States and Canada

In the United States and Canada, Rimini Street provided numerous year-end tax, reporting and filing changes required by the Internal Revenue Service and the Canadian Revenue Agency, as well as state, provincial and local governments, many of which become effective January 1, 2016. At the U.S. federal government level, Rimini Street updates included additional support for the Patient Protection and Affordable Care Act (PPACA). Tax form definition and year-end reporting changes were also included.

At the state and local government levels, Rimini Street delivered updates to Unemployment Insurance (UI) Taxable Wage Base figures for dozens of states, as well as minimum wage increases for Arkansas, Connecticut, Hawaii, Michigan, New York, Rhode Island and South Dakota. Rimini Street also provided garnishment rules and quarterly electronic filing changes for several states, and local tax updates for municipalities in California, Indiana, Kentucky, Ohio, Pennsylvania and West Virginia.

For clients in Canada, Rimini Street provided many recently announced provincial and territorial tax changes. In addition to changes to Canadian federal income thresholds and federal personal amounts effective January 1, 2016, the updates also included changes for the Canada Pension Plan (CPP), Record of Employment (ROE), Québec Parental Insurance Plan (QPIP), Employment Insurance (EI), and Workers’ Compensation Board (WCB) limits.

Updates for Many Countries in Asia-Pacific, EMEA and Latin America

With tax, legal and regulatory delivery capabilities for nearly 200 countries, Rimini Street recently provided many required updates to its global clients, including those in Austria, Brazil, China, the Czech Republic, Hong Kong, India, Italy, Japan, Norway, Romania, Ukraine and the United Kingdom.

For example, Rimini Street updates contained changes to VAT rates for Austria, Romania and the Ukraine, effective January 2016, and proposed changes to VAT rates for Italy are being monitored. In Brazil, Rimini Street delivered multiple updates to clients to support 2016 SPED (Public System of Digital Accounting) adjustments to Block K and Nota Fiscal Electronic requirements. The update in China included notification of various changes to minimum wage rates and contribution rates. In the Czech Republic, updates included the new VAT control statement, effective January 2016. For Hong Kong, Rimini Street updates included minimum wages and child allowance changes. The update for India included changes to form 24Q, the quarterly income tax deduction statement, as well as updates to Labour Welfare Fund Contribution rates. For Japan, Rimini Street provided multiple updates to support the implementation of My Number and Corporate Number. In Norway, notification of the new Norwegian Accounting Standard (NRS) release effective January 2016 was included. In the United Kingdom, Rimini Street delivered several updates, including changes to Student Loan thresholds and P60 forms effective April 2016, as well as updates to Voluntary Payroll Benefits and the Transferrable Allowance Calculation.

Industry-Leading Tax, Legal & Regulatory Research and Technology

Rimini Street’s tax, legal and regulatory strategy and scoping team is made up of veteran tax specialists, attorneys and international tax, legal and regulatory professionals who use advanced technology and numerous government and private-sector sources to monitor, collect and verify tax, legal and regulatory changes. These sources include more than 2,500 government web sites and close to 3,300 information sources covering more than 26,000 localities in nearly 200 countries.

Rimini Street also participates as a member in many prominent tax, legal and regulatory associations around the world, including the American, Canadian, United Kingdom and Australian Payroll Associations, the American Bar Association Section of Taxation, the Financial Executives International Association, The Tax Council and the Tax Executives Institute. The innovative combination of technology, a proven methodology and ISO 9001 quality processes consistently assures the fastest “legislature-to-live”SM update delivery cycle and highest quality deliverables in the industry.

“As payroll teams navigate year-end complexities and updates in order to successfully close out 2015 and prepare for 2016, Rimini Street’s dedicated team of tax, legal and regulatory professionals continue to be on point to deliver the most robust, comprehensive and accurate deliverables to our family of Oracle and SAP clients around the world,” said Paul Henville, group vice president, Global Product Delivery, Rimini Street. “Our clients rely on us to help them successfully complete billions of dollars in mission-critical transactions every month, and they can rest assured knowing that Rimini Street has delivered over 100,000 global tax, legal and regulatory updates to clients since 2005 using our patent-pending research technology, a proven methodology and ISO-certified development processes.”

To learn more, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn.

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. To date, more than 3,500 Fortune 500, Fortune Global 100, midmarket, public sector and other organizations from a broad range of industries have relied on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit http://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn.

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 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, the duration of and economic, operational and financial impacts on Rimini Street’s business of the COVID-19 pandemic, as well as the actions taken by governmental authorities, clients or others in response to the COVID-19 pandemic; catastrophic events that disrupt Rimini Street’s business or that of its current and prospective clients, 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; Rimini Street’s need and ability to raise additional equity or debt financing on favorable terms and Rimini Street’s ability to generate cash flows from operations to help fund increased investment in Rimini Street’s growth initiatives; the sufficiency of Rimini Street’s cash and cash equivalents to meet its liquidity requirements; the terms and impact of Rimini Street’s outstanding 13.00% Series A Preferred Stock; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; the customer adoption of Rimini Street’s recently introduced products and services, including its Application Management Services (AMS), Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products, in addition to other products and services Rimini Street expects to introduce in the near future; 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 risks discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on August 5, 2020 and as updated from time to time by 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.

© 2020 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.

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Rimini Street, Inc.

+1 925 523-7636 dpohl@riministreet.com
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Rimini Street, Inc.

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