Interwoven Opens New European Headquarters in the United Kingdom

SUNNYVALE, Calif., USA -October 23, 2000 – Interwoven, Inc.(Nasdaq: IWOV), the leading provider of enterprise-class content management software, announced today that it has continued its expansion through Europe by adding offices in Stockholm, Sweden to handle its Nordic operations and an office in Paris, France to handle sales in southern Europe These offices are in addition to Interwoven's existing offices in the United Kingdon, Munich, Germany and Utrecht, the Netherlands. Also announced today is the move of Interwoven's European headquarters and its U.K. subsidiary Interwoven U.K. Ltd to its new, expanded office in Ascot, Berkshire, England.

"After only our first year in Europe, we have seen a huge increase in the demand for enterprise-class content management," said Martin Brauns, president and CEO of Interwoven. "I am especially pleased that we have not only been able to attract a top-notch sales team but that we have been able to back up that sales team with European-based infrastructure including professional services consultants and local technical support, in such a short time."

Interwoven has 45 European customers such as British Airways, ABN Amro, Ericsson, Glaxo Welcome, Tesco and many more U.S.-based customers with operations located in Europe such as GE, Compaq and Cisco. There are currently 75 European employees of Interwoven today across Europe with many more expected by year end.

Interwoven has seen tremendous demand for its flagship content management product, Interwoven TeamSite. Interwoven's new wireless and B2B business units are also seeing strong interest with European customers and potential partners. Interwoven's existing strategic partners include IBM, Microsoft, Art Technology Group, BEA, TIBCO, WebMethods and INTERSHOP, Computer Science Corporation (CSC), PriceWaterhouseCoopers, and Andersen Consulting.

"Our focus in Europe is extending Interwoven's leadership position in enterprise-class content management to the Web leaders here," said Jan Nordhagen, vice president of European operations. "We are seeing a tremendous surge in demand for our products in every new country in which we open operations. Recognized Web innovators like eBookers and ABN Amro are already seeing the benefits of deploying Interwoven TeamSite across their pan-European Web properties."

Interwoven, Inc. (Nasdaq: IWOV) is the leading provider of enterprise-class content management software. Its flagship product, TeamSite, controls the development, management and deployment of business-critical Web sites. Interwoven solutions are based on an inclusive content architecture that empowers all content contributors and leverages diverse Web assets including XML, Java, rich HTML, multimedia and database content. 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