Unparalleled Guest Experience Through Interwoven's Proven Integration with ATG Dynamo

SUNNYVALE, Calif. - Aug 2, 2000 - Interwoven Inc. (Nasdaq: IWOV), the leading provider of enterprise-class content management solutions, today announced that Target Stores, the upscale discount retailer, has chosen Interwoven TeamSite as the content management platform to power its online business. Target.com selected TeamSite in order to create timely and tailored content for its online visitors. Key in Target's selection of Interwoven TeamSite was its proven integration with the Art Technology Group Inc. (ATG) (Nasdaq: ARTG) Dynamo Product Suite as Target's commerce platform.

"We feel it's imperative that target.com guests enjoy the same shopping experience online as they do in our physical stores. Therefore, it's essential that our online guests constantly see a changing mix of content," said Dale Nitschke, president of target.direct. "ATG Dynamo is allowing us to build an unparalleled guest experience in terms of interactivity, speed and reliability. With the addition of Interwoven TeamSite, target.com guests will meet increasingly diverse and tailored content each time they log onto our site, giving them yet another reason to come back to the site again and again."

Leveraging TeamSite software's advanced workflow capabilities, both technical and non-technical contributors in Target's online business will be able to create, maintain and collaborate to keep content on the site up to date and fresh. XML-based TeamSite Templating will allow target.com content owners to focus on creating relevant, timely content, while the technical team can concentrate on continually enhancing and upgrading the Web site. All content on the target.com site, including thousands of product descriptions, current promotions, registry programs and corporate information will be integrated, tested, approved and delivered to ATG Dynamo with Interwoven solutions.

"Major retailers like Target know that static Web sites with stale content simply don't cut it in today's highly competitive online retailing marketplace," said Joe Ruck, vice president of marketing for Interwoven Inc. "With the winning combination of Interwoven TeamSite and ATG Dynamo, target.com has ensured a compelling Web environment for its guests."

Centrifusion, Inc., a partner of both ATG and Interwoven, was selected by Target to install Interwoven TeamSite and integrate it with ATG Dynamo for target.com. They will also provide target.com with training on all Interwoven products.

Minneapolis-based target.com is the online business of Target Stores, the upscale discount retailer, a division of Target Corporation (NYSE:TGT). Delivering today's best retail trends at affordable prices, Target.com boasts thousands of unique and highly differentiated items also available in Target stores. The site has a broad assortment of gift ideas and products in a wide range of categories including toys, home dcor, children's items, sporting goods, and seasonal merchandise. In addition to on-line shopping, target.com offers guests the opportunity to purchase products from Target's highly successful registry programs (Club Wedd and Lullaby Club), apply for a Target Credit Card, access information on programs such as Take Charge of Education, find out "What's New" in stores, locate stores near them, and read the weekly circular on-line.

Interwoven, Inc. (NASDAQ: IWOV) is the leading provider of enterprise-class Web content management software. Its flagship product, TeamSite, controls the development, management and deployment of business-critical Web sites. As the platform for eBusiness, Interwoven enables electronic commerce, customer relationship management, supply chain management and knowledge management for Web leaders and Fortune 1000 companies moving to the Web. TeamSite is available for both the Sun Solaris operating system and Microsoft Windows platform. For more information on the company and its software solutions, visit the Interwoven Web site at www.interwoven.com.tw or e-mail info@interwoven.com