100th Customer Milestone Surpassed in the Fastest-Growing Region Worldwide

SUNNYVALE, Calif., - November 18, 2002 - Interwoven, Inc, (Nasdaq: IWOV), a world leader in Enterprise Content Management (ECM), today announced that leading Asian companies and government organizations continue to view ECM as a mission-critical software requirement that provides the productivity essential to help their businesses move ahead in the present challenging economic climate. As evidence of this, Interwoven's Asia Pacific operations have been growing at a healthy 50% since 2000, and more than doubled new software license revenues in Q3 2002 over the same quarter in 2001. Interwoven's presence to date includes direct operations in seven markets across Asia Pacific: Hong Kong, China, Taiwan, Korea, Australia, Japan, and in Singapore, its regional headquarters.

"Leading organizations across Asia Pacific are demonstrating a healthy appetite for investing in ECM solutions," said Thor Culverhouse, senior vice president of worldwide sales for Interwoven. "In a tough economic environment, businesses are turning to Interwoven enterprise content management to leverage their existing IT investments, to increase the productivity of their employees, and to reach out to new customers at a lower cost."

Customer Momentum in 2002
During the summer of 2002, Interwoven celebrated a key milestone of achieving its 100th customer in the Asia Pacific region with the addition of Singapore's Ministry of Education. Other world-leading enterprises that have chosen to build their business strategies on Interwoven ECM solutions this year included Samsung Electronics and Hyundai Motors in Korea, Sharp and Yamaha in Japan, Shanghai Stock Exchange in China, Cathay Life Insurance in Taiwan, StarHub in Singapore, and University of New South Wales in Australia.

"Interwoven has one of the best ECM solutions on the market today, and our close partnership will help us realize significant gains in achieving consistent practices for quality enterprise content management," said Professor Lawrence Wong, director of the Computer Centre, National University of Singapore, a top-tier educational institution in the Asia Pacific region. "Interwoven allows all contributors to collaborate on and create various types of content and publish critical information quickly and more efficiently."

Interwoven Operations Gather Increasing Support Across Asia
Interwoven continues to demonstrate its commitment to Asia Pacific by investing in resources, product localization, and strengthening local alliances with leading systems integrators across Asia.

"We have invested significantly in strengthening our ability to support our customers and partners in Asia," said Anurag Srivastava, vice president for Interwoven, Asia Pacific. "Availability of our solutions in local languages is a reflection of our long-term commitment to our customers and to the market."

Interwoven TeamSite software, the flagship, fifth-generation content management product within Interwoven's ECM platform, is now available to content contributors in Japanese, Korean, and simplified Chinese languages.

"As we approach 2003, more of our customers are attesting to how ECM is becoming a vital component in the centralized IT infrastructure that enables them to achieve critical business objectives," concluded Srivastava. "Initiatives like knowledge management, eGovernment, eLearning, enriched CRM, and collaboration require a robust content management foundation, and Interwoven solutions are a core element of the IT infrastructure because of their openness, scalability, ease of use and deployment capabilities."

The Interwoven alliance and partner programs continue to gain momentum with more systems integrators offering a wider range of solutions and services using the Interwoven TeamSite platform. Its current network of partners in Asia includes leading companies like CTC, IBM, NEC, Accenture, Samsung Data Systems, Satyam Computer Services, Wipro, and IT Plus, to name a few.

"In the CRM, EIP and EC arenas, controlled management of enormous amounts and types of content is absolutely essential. To accomplish this, a comprehensive enterprise content management solution is required - and NEC chose Interwoven to underpin this critical eBusiness component," said Nobuo Hanada, general manager, Front Office Systems Division, NEC Solutions at NEC Corporation. "By integrating Interwoven's market-leading products into our solutions, together we can provide real, bottom-line business benefits to our customers. And with the release of the Japanese version of TeamSite, Interwoven's position in Japan's enterprise content management market will be greatly enhanced."

For more information about Interwoven ECM, please visit http://www.interwoven.cn/ecm/.

About Interwoven
Interwoven, Inc. (Nasdaq: IWOV) is a world-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 the de facto standard for more than 1000 global companies 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. 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.

NOTE: Interwoven, TeamSite, MetaTagger, OpenDeploy TeamCode, 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.