TeamSite to provide HR, product, and other mission critical content for approximately 25,000 employees in the U.S., Europe, and Asia

Sunnyvale, Calif., October 30, 2000 - Interwoven, Inc. (Nasdaq: IWOV), the leading provider of enterprise-class content management software, today announced that Charles Schwab & Co., Inc. has selected Interwoven as its content management standard for the SchWEB, Schwab's worldwide intranet. As part of the agreement, Schwab will utilize Interwoven TeamSite software to empower approximately 1,000 content contributors across all of Schwab's business units worldwide.

TeamSite is a content management software package that allows both technical and non-technical contributors to develop and test Web content prior to publishing and, at the same time, enables centralized control through its sophisticated workflow capabilities. It also allows global content contributors to contribute regional specific content in local languages.

"Schwab is a culture-driven company, and an effective intranet nurtures that culture and ensures our competitiveness by enabling our employees to better serve our customers in the real time eBusiness environment," stated Anne Barr, vice president for Charles Schwab & Co., Inc. "We have already been successfully using Interwoven TeamSite for a portion of our intranet, and it was a natural extension to standardize on TeamSite for the entire SchWEB."

"I am very proud that Interwoven TeamSite has been selected by Schwab to help make their intranet a richer experience for their employees worldwide," said Joe Ruck, vice president of marketing for Interwoven. "By providing an inclusive content architecture which allows employees, regardless of technical skill, to contribute directly to Schwab's intranet, Schwab is providing a richer means of collaboration and communication across its business enterprises located in diverse geographic locations."

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.