Sunnyvale, Calif. - November 2, 2000 - Interwoven, Inc. (Nasdaq: IWOV), the leading provider of enterprise-class content management solutions, today announced it has successfully completed the acquisition of Ajuba Solutions of Mountain View, CA and Metacode Technologies of San Francisco, CA. Interwoven announced a definitive agreement to acquire the two privately held companies on October 20, 2000.

Under the terms of the agreements, an aggregate value of approximately $150 million in Interwoven common stock and stock options was exchanged for the capital stock and stock options of Metacode and approximately $31 million in Interwoven common stock and stock options was exchanged for the capital stock and stock options of Ajuba.

For more information on the acquisition, please visit http://www.interwoven.cn/news/press/2000/1020ampr.html

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.