Webcast will Discuss Successful Integration at Multiple Joint Customers Including, Charles Schwab, Payless Shoes and Deere & Company

SUNNYVALE, Calif- November 28, 2000 - Interwoven, Inc. (Nasdaq: IWOV), the leading provider of enterprise-class content management software today announced that it will co-host a Webcast with IBM to discuss the benefits of the integration of IBM WebSphere family of products and the latest release (4.5) of Interwoven's flagship product TeamSite.

"WebSphere provides a standards-based platform for building and deploying e-business applications, including development tools, application server, commerce catalogue, portal and personalization capabilities," said Paraic Sweeney, vice president of marketing, WebSphere software platform, IBM. "The powerful combination of Interwoven TeamSite and the IBM WebSphere platform delivers the means to ensure that timely, relevant content is delivered where and when it is needed."

Interwoven TeamSite software integrates with the IBM WebSphere Application Server, IBM WebSphere Studio and IBM WebSphere Commerce Suite.

"With TeamSite and the IBM WebSphere Family, eBusiness teams are enabled to work in parallel to create and maintain catalog-based Web sites, minimizing time-to-Web," said Joe Ruck, senior vice president of marketing. "By leveraging Interwoven TeamSite and the IBM WebSphere Application Server, enterprises can easily manage the development, deployment and management of every Web site, making eBusiness instantly accessible to any enterprise, large or small. During our upcoming joint Webcast, we will show how our integrated solution works together in creating content and the applications of a next-generation eBusiness Web site."

For more information on the benefits of the combined Interwoven-IBM solutions or to sign up for the Webcast, please see http://www.interwoven.com.tw/ibm2 .

WebSphere is Internet infrastructure software -- known as middleware -- that enables companies to develop, deploy and integrate next-generation e-business applications, such as those for business-to-business e-commerce. WebSphere supports business applications from simple Web publishing through enterprise-scale transaction processing. WebSphere transforms the way businesses manage customer, partner and employee relationships. More information about the WebSphere software platform is on the Web at http://www.ibm.com/websphere .

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.