Oracle to acquire BEA Systems

Bangalore

January 18th, 2008

Oracle Corporation has announced they have entered into a definitive
agreement under which Oracle will acquire all outstanding shares of BEA for
$19.375 per share in cash. The offer is valued at approximately $8.5 billion, or
$7.2 billion net of BEA's cash on hand of $1.3 billion. "We expect this
deal to be accretive to Oracle's earnings by at least 1-2 cents on a non-GAAP
basis in its first full year after closing," said Oracle President and CFO
Safra Catz.

"The addition of BEA products and technology will significantly enhance
and extend Oracle's Fusion middleware software suite," said Oracle CEO
Larry Ellison.

"Over the past several months our Board of Directors, with the
assistance of independent financial and legal advisors, has reviewed various
ways to maximize stockholder value, including engaging in discussions with third
parties about a possible sale of the company," said Alfred Chuang, BEA's
Chairman and CEO. "This transaction is the culmination of that process, and
we believe it is in the best interests of our shareholders. I am confident our
products, employees and worldwide customer base will be key contributors to the
success of the combined company over the long term. We look forward to working
with Oracle toward a successful completion of the transaction."

The Board of Directors of BEA Systems has unanimously approved the
transaction. It is anticipated to close by mid-2008, subject to BEA stockholder
approval, certain regulatory approvals and customary closing conditions.