Oracle Extends Tender Offer

Extends Offer for $21.00 Through November 5, 2004

Oct 21, 2004, 01:00 ET from Oracle Corp.

    REDWOOD SHORES, Calif., Oct. 21 /PRNewswire-FirstCall/ -- Oracle
 Corporation (Nasdaq:   ORCL) announced today that it has extended its previously
 announced tender offer for all of the common stock of PeopleSoft, Inc. to
 midnight EST on Friday, November 5, 2004.
     (Logo: )
     The offer price remains at $21.00 per share subject to Oracle's right to
 terminate or amend the offer at any time.
     The tender offer was previously set to expire at midnight EDT on Friday,
 October 22, 2004.  As of the close of business on Thursday, October 21, 2004,
 approximately 19,664,836 shares had been tendered in and not withdrawn from
 the offer.
     The solicitation and the offer to buy PeopleSoft's common stock is only
 made pursuant to the Offer to Purchase and related materials that Oracle
 Corporation and Pepper Acquisition Corp. filed on June 9, 2003, as amended and
 restated on February 12, 2004 and as subsequently amended.  Stockholders
 should read the Amended and Restated Offer to Purchase and related materials
 carefully because they contain important information, including the terms and
 conditions of the offer.  Stockholders can obtain the Amended and Restated
 Offer to Purchase and related materials free at the SEC's website at, from Credit Suisse First Boston LLC, the Dealer Manager for the
 offer, from MacKenzie Partners, the Information Agent for the offer, or from
 Oracle Corporation.
     Contact:   Jennifer Glass
                Oracle Corp.

SOURCE Oracle Corp.