Financial Services Executive Brings Strategic Technology and Management Experience to Interwoven

SUNNYVALE, Calif., - July 24, 2002 - Interwoven, Inc. (Nasdaq: IWOV), the leader in Enterprise Content Management, today announced the appointment of Frank Fanzilli to Interwoven's Board of Directors. Formerly the managing director and CIO of Credit Suisse First Boston (CSFB), Mr. Fanzilli will lend his thought leadership and expertise to drive the development and continued worldwide adoption of Interwoven's award-winning ECM solutions.

"It is a privilege to have Frank join our Board of Directors," said John Van Siclen, president and CEO of Interwoven. "His tremendous depth of experience with IT organizations as well as his strategic technology and business relationships are valuable assets to the company as we extend our customer success by providing the highest quality products to the market."

With CSFB for more than a decade, Mr. Fanzilli has held numerous executive positions such as chief information officer for Europe, head of global application development, and has served in his most recent position as managing director and CIO for nearly seven years. Prior to CSFB Mr. Fanzilli was in technical sales at IBM.

"I am pleased to be associated with Interwoven's talented management team who have proven they can effectively address enterprise customer needs and deliver on the promise of open, collaborative enterprise content management solutions," said Mr. Fanzilli. "I welcome the opportunity to offer my experience and skills to Martin, John and the rest of the board as they continue on the successful path of providing exceptional ECM solutions to the global marketplace."

Mr. Fanzilli joins current Interwoven board members Martin Brauns, chairman of the board of Interwoven, Ronald Codd, president and CEO of Momentum Business Applications, Kathryn Gould, managing member of Foundation Capital, John Van Siclen, president and CEO of Interwoven, and Anthony Zingale, former president of Clarify eBusiness Applications, Nortel Networks.

Mr. Fanzilli holds a B.S. degree in Management from Fairfield University, Fairfield, Connecticut, and an M.B.A. in Finance from New York University, New York, NY, where he was the Marcus Nadler Scholar. He also serves on the Boards of Directors of PeopleSoft, Inc. and Corechange, Inc.

About Interwoven
Interwoven, Inc. (Nasdaq: IWOV) is the world's leading provider of Enterprise Content Management software. The Interwoven 5 platform provides complete content lifecycle services including Content Processing, Content Management, Content Intelligence, Content Production and Content Distribution. Its products are used by more than 1000 global organizations including British Airways, Cisco Systems, General Electric, General Motors and Singapore Airlines. Interwoven teams with the leading best-of-breed enterprise application providers to provide customers complete, collaborative business enterprise solutions. Recently, Interwoven won Transform Magazine's "2001 Product of the Year" award for Enterprise Content and Collaboration Technology. For more information on Interwoven and its proven XML-based ECM solutions, visit the Interwoven Website at www.interwoven.cn .

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