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Rimini Street Delivers Initial 2016 Global Tax, Legal and Regulatory Updates

ISO-certified processes ensure accuracy and superior quality of deliverables for North America, Asia-Pacific, EMEA and Latin America

LAS VEGAS – January 11, 2016 – 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 first set of global tax, legal and regulatory updates for the new year, including the 2016-A update for PeopleSoft clients in the United States and Canada, as well as global updates affecting SAP, Oracle E-Business Suite and JD Edwards clients with operations throughout Asia-Pacific, EMEA and Latin America. The significant PeopleSoft American payroll update 2016-A was 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.

Updates for the United States and Canada

In the United States and Canada, Rimini Street provided numerous year-end processing and reporting updates, including tax, reporting and filing changes required by the Internal Revenue Service and the Canadian Revenue Agency, as well as federal, state, local and territory governments

At the U.S. federal government level, Rimini Street delivered updates related to IRS 1099 Forms and the Patient Protection and Affordable Care Act (PPACA). Rimini Street also delivered an earlier individual update to address IRS Notice 1036, which included withholding table changes effective January 1, 2016.

For clients in the U.S. state, local and territory government levels, Rimini Street’s updates contained various standard deductions, exemption amounts and tax rate changes for many states including Alaska, California, Hawaii, Kentucky, Maine, Minnesota, New Mexico, New York, North Carolina and Rhode Island. Additional Unemployment Insurance Taxable Wage Base changes were included for Alaska, Idaho, New Mexico, North Carolina, North Dakota, Oregon, Pennsylvania, Rhode Island and Utah. Several state updates also included new Federal Unemployment Tax Act (FUTA) Credit Reduction rates. At the local level, dozens of tax updates were provided for municipalities in Indiana, Kentucky, New York, Ohio, Oregon and Pennsylvania.

For clients in Canada, Rimini Street delivered year-end reporting changes, including support for T4, T4A, RL-1 and RL-2 slips and electronic filing.

Global Updates throughout 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 Australia, Brazil, the Czech Republic, India, Indonesia, Malaysia, Mexico, Peru, Singapore, Spain and the United Kingdom.

For example, in Australia, Rimini Street updates contained changes to Protected Earnings Amounts (PEA) and pay-as-you-go (PAYG) installments for larger businesses, as required by the Australian Taxation Office. In Brazil, Rimini Street delivered numerous changes to support PIS/Cofins, NT 2015.003 Portal da Nota Fiscal Electronic and SPED (Public System of Digital Accounting). The update in the Czech Republic included the new VAT control statement required by the Czech tax authority. In India, Rimini Street updates included changes to form 24Q for Q4, the quarterly income tax deduction statement. For Indonesia, Rimini Street delivered updates in support of the country’s new minimum wage formula as well as the list of national holidays announced by the government for 2016. In Malaysia, Rimini Street provided updates related to the country’s income tax rate changes. For Mexico, updates included daily minimum wage, payroll tax rate and income tax law changes. Rimini Street’s updates in Peru included new web-based electronic forms for calculating withholdings and percentages of general sales tax (IGV). In Singapore, the updates contained changes in Central Provident Fund (CPF) contribution rates and salary ceiling. For Spain, Rimini Street delivered updates to the new Modelo 390, the tax form used to declare annual VAT return. In the United Kingdom, Rimini Street delivered numerous updates related to Scottish income tax changes, the abolition of employer National Insurance Contributions (NICs) for apprentices under the age of 25 and changes to statutory payments, income tax rate and threshold annual budgets, National Insurance threshold and limits, and Student Loan thresholds.

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.

“The new year always brings with it many significant tax updates affecting our Oracle and SAP clients around the world, so it is vital that organizations receive critical tax, legal and regulatory updates in a timely manner,” said Paul Henville, group vice president, Global Product Delivery, Rimini Street. “We have delivered more than 105,000 updates to our clients over a decade – consistently ahead of the vendor’s own planned delivery date – through our patent-pending research technology, proven methodology and ISO-certified development processes. We will continue to invest and build up our tax, legal and regulatory practice in order to ensure clients remain compliant with the most recent tax, legal and regulatory updates worldwide.”

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. Over 2,000 global Fortune 500, midmarket, public sector and other organizations from a broad range of industries rely 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.

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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, 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 (including our pending appeal of the permanent injunction) or in the government inquiry or any new litigation; our need and ability to raise additional equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth initiatives; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the terms and impact of our 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 our recently introduced products and services, including our 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 we expect 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 discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on November 7, 2019, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, 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

© 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.

Investor Relations Contact
Dean Pohl

Rimini Street, Inc.

+1 203 347-4446 dpohl@riministreet.com
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Rimini Street, Inc.

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