SUNNYVALE, Calif. October 17, 2000 - Interwoven, Inc. (Nasdaq: IWOV), the leading provider of enterprise-class content management software,today announced that its Board of Directors has approved a two-for-one stock split in the form of a stock dividend. The split is subject to stockholder approval of an increase in the company's authorized shares of common stock. Such approval will be sought at a special meeting of the company's stockholders, scheduled to be held on December 12, 2000 (the record date for which will be October 18, 2000). Subject to receiving such stockholder approval, the record date for the stock split will be December 13, 2000, and thereafter, on or about December 29, 2000, the transfer agent will mail certificates representing one share for each share held on this record date. Should stockholder approval be obtained, the stock split will increase the number of shares outstanding from approximately 49.5 million to 99 million shares.

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.cn or e-mail info@interwoven.com .

This press release contains "forward-looking" statements, including projections about our business, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. For example, statements in the future tense, and statements including words such as "expect", "plan", "estimate", "anticipate" or "believe," are forward-looking statements. These statements are based on information available to us at the time of the release; we assume no obligation to update any of them. The statements in this release are not guarantees of future performance. Actual results could differ materially from our current expectations as a result of numerous factors, including possible stockholder failure to approve in the increase in authorized shares, in which case the stock split would not occur. These and other risks and uncertainties associated with our business are detailed in our annual report on Form 10-K and subsequent Forms 10-Q, which are on file with the SEC and available through www.sec.gov .