The error exponent of the two-user Poisson multiple-access channel under peak and average power constraints, but unlimited in bandwidth, is considered. First, a random coding lower bound on the error exponent is obtained, and an extension of Wyner's single-user codes [1] is shown to be exponentially optimum for this case as well, Second, the sphere-packing bounding technique suggested in [3] is generalized to the case at hand and an upper bound on the error exponent, which coincides with the lower bound, is derived. Thus, this channel joins its single-user partner as one of very few for which the reliability function is known.