Oracle Buys SPL WorldGroup

On November 3, 2006, Oracle announced that we have acquired SPL WorldGroup (SPL), a leading provider of revenue and operations management software for the utilities industry. We would like to take this opportunity to pledge our continued commitment to the success of your business and to outline the benefits we expect this transaction to deliver.

SPL delivers best-in-class solutions for customer care and billing, mobile workforce management, outage and distribution management, and asset management that are specifically designed for electric, gas, and water utilities. Founded in 1968, SPL has a long history of helping utilities around the world enhance customer service, improve operations, gain competitive advantage, and achieve excellence in business performance. SPL is headquartered in San Francisco and has assembled one of the world's largest teams focused on utilities solutions. In addition, SPL offers tax management solutions that facilitate integrated revenue and tax management processes for public sector enterprises.

With this acquisition, Oracle plans to deliver the most complete suite of end-to-end packaged revenue and operations management solutions for utilities to meet unique industry needs. Oracle and SPL have complementary products with a shared focus that information and adaptive business processes are keys to achieving corporate revenue and profitability goals. Oracle plans to accelerate the pace of innovation and integration of SPL's products. The strengths of SPL's solutions for utilities are planned to be combined with Oracle's industry leading database, middleware, and enterprise applications. We are also committed to supporting our respective customers, which include many of the most successful companies in the world.

We anticipate that the combination will provide many key benefits to our partners:

• Work with a single vendor to address customer needs for utility solutions, CRM, ERP, analytics, and infrastructure software: Oracle partners are expected to benefit from SPL's best-in-class solutions for utilities revenue and operations management. SPL partners are expected to benefit from Oracle's worldwide resources and partner ecosystem, as well as preserve their investments and experience with SPL products. Both companies' partners should benefit from the complementary solutions that create the first end-to-end packaged enterprise software suite for the utilities industry.
• Industry needs addressed in a dynamic environment: By combining the talents of both organizations, we should be better able to address evolving partner and customer needs, and effectively respond to industry trends that are driving the demand for customer-centric, cost effective solutions.
• Expanded opportunity for System Integrator partners: System Integrators specializing in utilities should now have the opportunity to provide world-class solutions to customers with an expanded application footprint and strengthened go-to-market capabilities through Oracle's global sales force.
• Continued commitment to support Independent Software Vendor relationships: Oracle plans to broaden existing ISV and developer partnerships and establish new partnerships to complete the combined footprint. Oracle will work to develop joint product roadmaps with our customers that include customer-driven requirements. Oracle is committed to helping other utility ISVs with the provision of Oracle's infrastructure software, including our relational database, middleware, and analytics. Oracle is also committed to helping enable integrations between utility ISVs and Oracle's other enterprise applications.

We are excited about this acquisition and how it will accelerate innovation in the utilities industry. More information about the transaction can be found at oracle.com/SPL.

We appreciate your continued support.

Sincerely,

Charles Phillips
President
Oracle

This document is for informational purposes only and may not be incorporated into a contract or agreement.