TeamSite Provides Cost-effective Content Management and Application Development for Rapidly-changing E-Business Web Sites

SUNNYVALE, Calif., June 14, 1999 - - Interwoven, Inc. the leading supplier of content management software for the enterprise Web, today announced that Best Buy Co., Inc., the nation's largest volume specialty retailer, has selected Interwoven's TeamSite for management and deployment of content on its Web sites. Best Buy will be revamping its corporate Intranet and re-launching its e-commerce site, all using Interwoven TeamSite robust and scalable software solutions on the Windows NT platform.

Best Buy's e-commerce Web site, www.bestbuy.com, currently complements its existing nationwide network of more than 300 stores by selling music and DVD movies and providing extensive product information to customers. Best Buy has plans to significantly expand its e-commerce offering in the future. In order to develop and manage these rapidly changing, business-critical Web sites, Best Buy required an e-business platform that is open, flexible, quick-to-deploy and integrates seamlessly with Microsoft Site Server.

According to John Walden, President of Best Buy's E-Commerce Division, "The Web offers us new ways to improve our relationships with customers by providing superior information, customer service and commerce capabilities. We evaluated a number of solutions for Web publishing, only TeamSite combined the enterprise-level content management we needed with the sophisticated application development environment that our e-commerce engines demanded."

Best Buy's Internet development team will be the first Best Buy group to use Interwoven's TeamSite. Later this year, TeamSite will be rolled out to manage Best Buy's corporate intranet with its thousands of users, all of whom will be able to contribute content thanks to the ease-of-use of TeamSite's SmartContext editing and TeamSite Templating features.

Martin Brauns, CEO of Interwoven, said, "Market leaders like Best Buy know that an e-business strategy is an important part of their competitive advantage. TeamSite provides the open, adaptable and scalable e-business platform that allows large corporations to meet their dynamic business objectives."

Interwoven, Inc. is a leading provider of content management for the enterprise Web. 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 and Microsoft NT operating systems. For more information on the company and its software solutions, visit the Interwoven Web site at www.interwoven.cn or e-mail info@interwoven.com .

About Best Buy

Minneapolis-based Best Buy Co., Inc. (NYSE: BBY) is the nation's largest volume specialty retailer with annual revenues of more than $10 billion. Best Buy retails consumer electronics, personal computers, entertainment software and appliances through 314 stores in 36 states, and offers CDs and DVD movies online at www.bestbuy.com .