Combined Solution Helps Bridge the Gap between the Management of Web Content and Transaction of Commerce

New York, NY., December 13th, 1999 - InterWorld Corporation (NASDAQ: INTW), a leading provider of Enterprise Commerce software solutions for manufacturers, distributors and retailers, today announced a strategic partnership with Interwoven, Inc. (NASDAQ: IWOV), a leading provider of content management for the enterprise Web. The combined solution helps bridge the gap between the management of Web content and Enterprise Commerce, which burdens many leading online businesses today.

InterWorld's Dev Station 3.0, an integrated development environment for developers and systems integrators, and InterWorld's Design Station 3.0, an integrated environment for Web designers and content authors, will include pre-built adapters for Interwoven's flagship product, TeamSite - a product built specifically for enabling the creation, production and management of Web content. These adapters enable out-of-the-box integration with Interwoven TeamSite software.

"InterWorld is one of the leading Enterprise Commerce software solutions," said Jeffrey Engelmann, vice president of business development for Interwoven. "Customers will realize value in this joint integration which provides a total life-cycle approach to quickly build and maintain large commerce sites."

The benefits of the combined solution include:

• Team Collaboration for Site Development - In-house and remote InterWorld developers, systems integrators and content authors can easily work together using InterWorld's Dev Station 3.0 and Design Station 3.0 in concert with the versioning and rollback capabilities of TeamSite software.

• Effective Management of Content - The proper management of content becomes a critical issue, especially for those sites that are updating content on a daily or even hourly basis. TeamSite allows managers to establish a workflow and approval structure for the timely deployment of approved content.
  
  
• Personalized Content - TeamSite enables content contributors to create and manage customer-targeted content for personalization within Commerce Exchange.

"We're pleased to have Interwoven TeamSite as a stratetic, integrated offering to support enterprise content management," said Patrick Leung, vice president of tools development for InterWorld. "From initial site design, to site deployment and upgrades, InterWorld clients will have a total life-cycle solution for creating, managing and deploying the content they produce for their sites."

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

InterWorld Corporation is leading the Enterprise Commerce movement that enables businesses to compete and evolve in today's new digital economy. Enterprise Commerce enables businesses to sell to customers online, while maintaining one business strategy across all channels to achieve operational efficiency and earn maximum customer loyalty. With InterWorld's Commerce Exchange solution, manufacturers, distributors and retailers can get to market quickly, scale to meet growing demands, as well as evolve to keep pace with changing market conditions and customer demands. InterWorld powers some of the most respected and innovative companies on the Web such as American Eagle Outfitters, Authentic Fitness Corporation, Brooks Brothers, Inc., GUESS?, Inc., Insight Enterprises, Inc., J&R Music and Computer World, Lids Corporation, Oki Data Americas, Inc., and Warnaco, Inc. Founded in 1995, InterWorld is headquartered in New York, NY with offices in North America, Europe, and Asia-Pacific. InterWorld can be reached at 1-877-326-6637 or http://www.interworld.com