NEW YORK, Oct. 15 /PRNewswire/ -- Elliott Associates, L.P., a major
shareholder of Epicor Software Corporation (Nasdaq: EPIC) that already owns
collectively with its affiliated funds 10.2% of the common stock of the
company, today announced that it has commenced a cash tender offer for all
outstanding shares of common stock of Epicor in furtherance of Elliott's
previously announced proposal to acquire the company. The complete terms,
conditions and other details of Elliott's offer will be filed later today
with the U.S. Securities and Exchange Commission.

    Under the terms of the tender offer, Elliott is offering, through a
wholly-owned subsidiary, to acquire Epicor for $9.50 per share in cash, or
an aggregate of approximately $529 million. This offer represents a 39.7%
premium to Epicor's close of $6.80 yesterday, a 20% premium to Epicor's
close of $7.89 on September 30, 2008 (the last trading day before Elliott
submitted its proposal in writing to Epicor) and a 25% premium to the
trailing 60-day closing price as of such date.

    The offer and withdrawal rights are scheduled to expire at 11:59 p.m.,
New York City time on Wednesday, November 12, 2008, unless the offer is
extended.

    The offer will be conditioned upon, among other things, a majority of
Epicor's shares of common stock on a fully diluted basis being tendered and
not withdrawn, Epicor's Board having rendered inapplicable its Rights
Agreement, waiver of certain statutory provisions by Epicor and other
customary conditions. Elliott's proposal is a fully financed, all-cash
transaction and is not subject to any financing condition. Elliott does not
anticipate any significant regulatory issues that would prevent its
completion.

    The complete terms and conditions will be set out in the Offer to
Purchase, which will be filed with the U.S. Securities and Exchange
Commission today. Epicor stockholders may obtain copies of all of the
offering documents, including the Offer to Purchase, free of charge at the
SEC's website (http://www.sec.gov) or by directing a request to MacKenzie
Partners, Inc., the Information Agent for the offer, collect at (212)
929-5500 or toll-free at (800)-322-2885. You may also email MacKenzie
Partners, Inc. at tenderoffer@mackenziepartners.com.

    Paul, Weiss, Rifkind, Wharton & Garrison LLP, is acting as legal
counsel to Elliott Associates.

    About Elliott Associates

    Elliott Associates, L.P. and its sister fund, Elliott International,
L.P. have more than $14 billion of capital under management. Founded in
1977, Elliott is one of the oldest hedge funds under continuous management.
The Elliott funds' investors include large institutions, high-net-worth
individuals and families, and employees of the firm.

    All trademarks used or mentioned in this release are protected by law.

    MacKenzie Partners, Inc. (Information Agent for the offer)

    Phone: Stockholders call toll-free at (800) 322-2885 or collect at
(212) 929-5500. You may also email MacKenzie Partners, Inc. at
tenderoffer@mackenziepartners.com

    CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

    THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS. ALL STATEMENTS
CONTAINED IN THIS PRESS RELEASE THAT ARE NOT CLEARLY HISTORICAL IN NATURE
OR THAT NECESSARILY DEPEND ON FUTURE EVENTS ARE FORWARD-LOOKING, AND THE
WORDS "ANTICIPATE," "BELIEVE," "EXPECT," "ESTIMATE," "PLAN," AND SIMILAR
EXPRESSIONS ARE GENERALLY INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS.
THESE STATEMENTS ARE BASED ON CURRENT EXPECTATIONS OF ELLIOTT AND ITS
AFFILIATES AND CURRENTLY AVAILABLE INFORMATION. THEY ARE NOT GUARANTEES OF
FUTURE PERFORMANCE AND INVOLVE CERTAIN RISKS AND UNCERTAINTIES THAT ARE
DIFFICULT TO PREDICT AND ARE BASED UPON ASSUMPTIONS AS TO FUTURE EVENTS
THAT MAY NOT PROVE TO BE ACCURATE. ELLIOTT DOES NOT ASSUME ANY OBLIGATION
TO UPDATE ANY FORWARD-LOOKING STATEMENTS CONTAINED IN THIS PRESS RELEASE.

    ADDITIONAL INFORMATION AND WHERE TO FIND IT

    THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT
CONSTITUTE AN OFFER TO PURCHASE OR A SOLICITATION OF AN OFFER FOR EPICOR'S
COMMON STOCK. THE TENDER OFFER IS BEING MADE PURSUANT TO A TENDER OFFER
STATEMENT ON SCHEDULE TO (INCLUDING THE OFFER TO PURCHASE, LETTER OF
TRANSMITTAL AND OTHER RELATED TENDER OFFER MATERIALS) FILED BY ELLIOTT WITH
THE SECURITIES AND EXCHANGE COMMISSION (SEC) ON OCTOBER 15, 2008. THESE
MATERIALS, AS THEY MAY BE AMENDED FROM TIME TO TIME, CONTAIN IMPORTANT
INFORMATION, INCLUDING THE TERMS AND CONDITIONS OF THE OFFER, THAT SHOULD
BE READ CAREFULLY BEFORE ANY DECISION IS MADE WITH RESPECT TO THE TENDER
OFFER. INVESTORS AND STOCKHOLDERS CAN OBTAIN A FREE COPY OF THESE MATERIALS
AND OTHER DOCUMENTS FILED BY ELLIOTT WITH THE SEC AT THE WEBSITE MAINTAINED
BY THE SEC AT http://WWW.SEC.GOV. THE TENDER OFFER MATERIALS MAY ALSO BE OBTAINED
FOR FREE BY CONTACTING THE INFORMATION AGENT FOR THE TENDER OFFER,
MACKENZIE PARTNERS, INC. COLLECT AT (212) 929-5500 OR TOLL-FREE AT (800)
322-2885. YOU MAY ALSO EMAIL MACKENZIE PARTNERS, INC. AT
TENDEROFFER@MACKENZIEPARTNERS.COM.

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