SUNNYVALE, California—July 21, 2003—Interwoven, Inc. (Nasdaq: IWOV), a world- leading provider of content management for the enterprise, today launched its Interwoven Protect Program. Designed in partnership with leading industry and technology experts, Interwoven Protect enables businesses to address increasingly frequent and stringent content compliance requirements - both internal and external to the enterprise. Built on proven Interwoven functionality, the Program also includes expanded relationships with leading technology and service providers to meet critical external regulations. These include alliances with IBM for records management to address US Department of Defense (DoD) 5015.2 and related international standards; SBI and Company for corporate governance including the 2002 Sarbanes-Oxley Act; and Watchfire for Website accessibility, privacy, and quality.

Ensuring corporate IT processes and infrastructures satisfy key internal and external compliance standards has rapidly become a top priority for businesses. However, faced with the management of hundreds of users and millions of assets spread across dozens of initiatives, many over-extended IT teams often have resorted to applying point solutions to tackle compliance on an individual or departmental basis. This point-solution approach, according to leading industry analyst firm Gartner Group, has often proven costly and time-consuming, and ultimately ineffective because it has failed to address compliance on a strategic, enterprise-wide basis. "Ad hoc or departmental approaches (to compliance) will provide neither the needed efficiency nor effectiveness," (Gartner Report, Decision Framework, May 13, 2002). Interwoven Protect is a comprehensive framework that equips companies with essential tools and solutions to address compliance on an enterprise-wide basis.

"In the face of increased enforcement of compliance requirements, it is understandable many companies are concerned their current systems and business processes aren't up to task," said Martin Brauns, chairman and CEO of Interwoven. "What it boils down to is something we have been emphasizing for a number of years at Interwoven - companies have a critical need to regulate their content and associated processes. With the launch of Interwoven Protect, we are not only enabling companies to address immediate compliance directives but also helping them to streamline processes and increase efficiencies enterprise-wide."

• Regulated Business Process Automation - Enables organizations to map workflow tasks to internal or industry-specified controls, thereby streamlining review and approval processes;
• Security and Audit Trails - Provides secure access to content and code repositories and audit trails of all actions;
• Whole-Site Versioning and Archival - Facilitates archival, comparisons, and rollback of entire Websites, site sections or individual content components;
• Brand Management and Compliance - Provides secure, centralized repository to manage digital assets and their renditions thereby ensuring brand control and consistency;
• Secure Content Distribution - Enables universal, auditable, and reversible distribution of code and content across multiple channels and servers.

• IBM for Records Management - Interwoven today announced an agreement to extend the Interwoven 6 Platform to include leading-edge record management capabilities provided by IBM DB2 Records Manager. This will enable compliance with government and industry regulations, including US DoD 5015.2 and related international standards, as well as the Securities and Exchange Commission ("SEC") Rule 17a, the National Association of Securities Dealers ("NASD"), and New York Stock Exchange ("NYSE") electronic record keeping requirements. For more information, visit http://www.interwoven.cn/news/press/2003/0721compliance.html
• SBI and Co. for Corporate Governance - Interwoven and SBI and Company today announced an agreement to combine SBI's financial services and regulatory compliance experience with Interwoven's proven compliance functionality in a solution that enables customers to establish the necessary internal controls and processes to comply with the growing volume of corporate governance regulations, including the Sarbanes-Oxley Act of 2002, Basel II, SEC Rule 240.17a, NASD Conduct Rules 2210/3010/3110, as well as NYSE Regulation 342/440. For more information visit, http://www.interwoven.cn/news/press/2003/0721sbi.html
• Watchfire for Website Accessibility, Privacy, and Quality - Interwoven and Watchfire today announced they have strengthened their existing alliance through the integration of Watchfire WebXM with the Interwoven 6 Platform. Customers using this solution now can take full advantage of groundbreaking usability features offered in the new Interwoven platform as well as automated reporting features of WebXM. For more information, visit http://www.interwoven.cn/news/press/2003/0721watchfire.html