SUNNYVALE, Calif. - October 2, 2001 - Interwoven, Inc. (Nasdaq: IWOV), the leading provider of Content Infrastructure, today announced it expects total revenue in the fiscal quarter ended September 30, 2001 to be in the range of $42 million to $43 million. Pro forma net loss, which excludes the effect of non-cash charges related to stock-based compensation, acquisition-related expenses and a special charge related to facilities relocation, is expected to be in the range of $.04 to $.05 per share on a basic and diluted basis, for the quarter ended September 30, 2001.

The company will hold a brief conference call today at 2:00 pm PDT. The regular Q3 2001 conference call is still scheduled for October 18th at 2:00 pm PDT.

The dial-in number is 646-862-1046. Replay information and live audio Web cast instructions are available at http://www.interwoven.cn/investors.

Interwoven's annual user conference, GearUp 2001, will be held at the Indian Wells Renaissance Esmeralda from October 10-12. For more information please visit http://www.interwoven.cn/gearupnow

About Interwoven
Interwoven, Inc. (Nasdaq: IWOV) is the world's leading provider of Content Infrastructure software. Its content infrastructure product suite includes content aggregation, content collaboration, content management, content intelligence and content distribution. Its products are the de facto standard for over 700 Global 2000 companies including British Airways, Cisco Systems, General Electric, General Motors and Philips. Interwoven teams with the leading best-of-breed eBusiness application providers to provide customers an end-to-end platform for eBusiness. For more information on one of the fastest growing software companies in Silicon Valley and its proven XML-based solutions, visit the Interwoven Web site at www.interwoven.cn.

This press release contains "forward-looking" statements, including projections about our expected income and pro forma earnings per share. 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 uncertainties and unexpected developments in completing our assessment of the quarterly results. Other risks and uncertainties associated with our business are described in our most recent annual report on Form 10-K and subsequent Forms 10-Q and 8-K, which are on file with the SEC and available through www.sec.gov.