Rimini Street Delivers Next Set of 2015 Global Tax, Legal and Regulatory Updates

ISO-Certified Update Process Ensures Accurate Global Deliverables

LAS VEGAS, April 6, 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 and Oracle Retail, today announced delivery of the next set of 2015 tax, legal and regulatory updates. The updates include the 2015-B update for PeopleSoft clients, which were delivered ahead of the vendor’s own scheduled delivery date for similar updates, as well as updates for Oracle E-Business Suite, JD Edwards and SAP releases, as needed. The updates provide clients with significant new tax, legal and regulatory changes required for the U.S., Canada, Australia, Belgium, Brazil, Japan, Malaysia, Mexico, New Zealand and the UK. Rimini Street offers clients accurate deliverables with the industry’s fastest “legislature-to-live” update delivery cycle through an innovative combination of a patent-pending tax, legal and regulatory update process, as well as proven methodologies and ISO 9001-certified development processes.

Updates for U.S. and Canada

In the U.S. and Canada, Rimini Street updates included numerous tax, legal and regulatory changes required required by the Internal Revenue Service, as well as various state, local and governmental agencies.

For clients in the U.S., Rimini Street delivered tax, legal and regulatory updates at the federal, state and local levels. At the U.S. federal and state government levels, Rimini Street provided updates for withholding tax rate changes, new standard deduction and allowance amounts, minimum wage increases, taxable gross definition updates and garnishment rule changes for tax jurisdictions across the country. In addition, quarterly wage file and annual reporting updates were included.

At the U.S. local government levels, Rimini Street provided dozens of updates for municipalities in Indiana, Kentucky, Ohio and Pennsylvania. For U.S. territories, year-end reporting updates were delivered for Puerto Rico, as well as an unemployment insurance taxable wage base update for the U.S. Virgin Islands.

For clients in Canada, Rimini Street delivered final changes for annual reporting and electronic filing to enable clients to successfully complete all 2014 Canadian year-end processing.

Updates for Countries in Asia-Pacific, Europe 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, Belgium, Brazil, Japan, Malaysia, Mexico, New Zealand and the UK.

For example, in Australia, Rimini Street delivered the first phase of updates related to the SuperStream data and payment standard for Oracle and SAP clients. The SuperStream standard is required by the Australian Taxation Office and part of the government’s Super Reform package affecting all employers. In Belgium, updates included required Intrastat file changes affecting returns at the Belgian National Bank. In Brazil, Rimini Street continued to deliver updates related to Nota Fiscal eletrônica (NF-e). Updates for Japan included file data changes for Geppen (monthly revision of standard renumeration), as well as Santei (annual revision of standard renumeration) files, as required by Japan’s Pension Authority. In Malaysia, Rimini Street’s updates included changes related to Malaysian Goods and Services Tax (GST). These were in addition to the initial set of updates delivered to clients during the fourth quarter of 2014. Updates in Mexico included payroll tax updates as well as support for the new financial reporting requirements by the Mexican Tax Administration Service (SAT). In New Zealand, Rimini Street delivered Start of Year updates for New Zealand payroll. In the UK, updates included Oracle and SAP Start of Year changes for UK payroll.

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 2,200 government web sites and nearly 3,200 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, proven methodology and ISO 9001 quality processes consistently assures the fastest “legislature-to-live” update delivery cycle and highest quality deliverables in the industry.

“Rimini Street clients continue to receive accurate and robust tax, legal and regulatory updates to successfully meet their mission-critical and compliance requirements,” said Paul Henville, Rimini Street Group VP of Global Product Delivery. “With capability across nearly 200 countries, we have delivered more than 90,000 global updates to date through our ISO-certified development processes, and will continue to expand our investment and commitment to providing the most comprehensive tax, legal and regulatory service in the industry.”

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 https://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.

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Investor relations contact:

Dean Pohl

Rimini Street, Inc.

+1 925-523-7636 dpohl@riministreet.com
Media relations contact:

Janet Ravin

Rimini Street, Inc.

+1 702-285-3532 pr@riministreet.com