High Quality Newsfeeds Integrated and Delivered at "Netspeed"

SUNNYVALE, Calif., November 3rd, 1999 - Interwoven, Inc. (NASDAQ: IWOV), a leading provider of content management software for the enterprise Web, and ScreamingMedia, a leading aggregator and distributor of real-time content to special-interest and vertical Web sites, today announced a strategic partnership to bring fresh, customized content to portals and corporate intranets. The real-time content from brand-name providers like the New York Times Syndicate, AP, Sports Network and Medical Tribune, will be aggregated, filtered and streamed by ScreamingMedia's Siteware into the Interwoven TeamSite content management software, where it can be seamlessly incorporated into a corporate intranet, extranet or Internet site.

Web innovators are already taking advantage of the synergy provided by this partnership. Site editors can review the ScreamingMedia live news feeds and pull relevant articles. These articles are then routed through Interwoven workflow and published side-by-side with custom articles submitted by the company's content contributors. Because news article selection is integrated with in-house content creation, the overall publishing process is streamlined and editorial review time is decreased.

"Interwoven provides a comprehensive development and staging platform for all kinds of content: application code, rich html files, XML, database content and the real-time news feeds," said Dave Tamburri, ScreamingMedia, managing director for alliances for ScreamingMedia. "The end result is a compelling and rich Web site with a high degree of quality and brand control."

"ScreamingMedia's real-time content feed is a perfect complement to TeamSite," stated Joe Ruck, vice president of marketing for Interwoven. "By building newsfeeds into content management, Web sites delivers the relevance and timeliness that keep site visitors coming back."

ScreamingMedia is the premier Content Network on the Internet, aggregating relevant, real-time content from a wide array of providers and delivering it to hundreds clients every day, seamlessly integrating it into the look and feel of their Web sites. Using proprietary "harvesting" and filtering technology, ScreamingMedia streams more than 5 million articles monthly to hundreds of clients, including AOL, Microsoft, Healtheon and Sun Microsystems. These sites use ScreamingMedia to drive traffic and increase the "stickiness" of their sites with continuously updated, customized content from some of the world's leading sources, including The Associated Press, The New York Times Syndicate, Business Wire, UPI, and M2 Communications. The company is based in New York City and has over 85 employees. Its CEO is Jay Chiat, former Chairman of Chiat/Day Advertising.

Interwoven, Inc.(NASDAQ: IWOV) 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