SUNNYVALE, Calif. - September 24, 2002 - Interwoven, Inc. (Nasdaq: IWOV), the leader in Enterprise Content Management (ECM), today announced Interwoven was selected as one of the Forbes Best of the Web picks. The October 7th edition examines the most promising players in 22 different industries, from content management to trading platforms. In its Best of the Web profile of Interwoven, Forbes recognized Interwoven's new affordable applications; TeamCode, TeamDoc, and TeamPortal software.

"We are very pleased that Forbes has recognized content management as a top CIO priority through its inclusion in the annual Forbes Best of the Web," said John Van Siclen, president and CEO of Interwoven. "Obviously, we are thrilled to have been one of their 'Picks,' which is yet another validation of Interwoven's market leadership in enterprise content management."

Interwoven 5 Platform
With more than 1,000 customers worldwide, Interwoven 5 is recognized as one of the world's leading enterprise content management (ECM) platforms. Version 5.5, based on proven, award-winning, fifth-generation technology, has demonstrated that it delivers improved performance, greater scalability, faster recovery as well as easier administration, contribution, and implementation than ever before. With more than 200 unique customers having downloaded version 5.5, this makes it the fastest adoption of any new Interwoven platform in the Company's history.

Other industry awards and analyst recognition that Interwoven has received this year include: Computerworld Honors Laureate, KM World's "100 Companies that Matter in Knowledge Management", KM World's "Best Practice Award" - in partnership with customer Deere & Company, META Spectrum recognized Interwoven as a leader in Web Content Management, and Gartner recognized Interwoven for industry leadership in its Magic Quadrant report.

The print edition of Forbes Best of The Web will be on newsstands October 7, 2002.

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.

Interwoven, TeamSite, TeamPortal, TeamCode, TeamDoc, the taglines, logo and service marks are trademarks of Interwoven, Inc., which may be registered in certain jurisdictions. All other trademarks are owned by their respective owners. Copyright 1996-2002 Interwoven, Inc. All rights reserved.