Oracle Extends Subsequent Offering Period by Two Days

January 5, 2005

REDWOOD SHORES, Calif., 04-JAN-2005 Oracle Corporation (NASDAQ: ORCL) today announced that it was extending the previously announced subsequent offering period of its tender offer for all outstanding shares of PeopleSoft, Inc. (NASDAQ: PSFT) to 8 p.m. New York City time on Thursday, January 6, 2005. The subsequent offering period was previously set to expire at 8 p.m. New York City time on January 4, 2005.

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