TeamSite Drives Global Brand Consistency While Helping Thousands of Contributors Across 81 Countries to Create and Manage Multilingual Web Content

SUNNYVALE, Calif., August 17, 2000 - Interwoven, Inc. (Nasdaq: IWOV), the leading provider of enterprise-class content management software, today announced that HSBC Holdings has standardized on Interwoven TeamSite as the content management system to drive www.hsbc.com. Headquartered in London, HSBC is one of the largest banking and financial services organizations in the world with US $580 billion in assets as of June, 30, 2000, 25 million customers, and more than 6,000 offices in 81 countries and territories. HSBC is using Interwoven's advanced workflow capabilities and templating to establish a global brand identity on the Web while enabling thousands of contributors to quickly and easily post new content.

HSBC has established a centralized Web hosting center in the U.S. to manage content for hsbc.com worldwide. Interwoven TeamSite software's workflow functionality and scalable architecture will enable thousands of contributors across 81 countries and territories to post content once and rely on Interwoven solutions to tailor it for HSBC's country- and division-specific Web sites. Because TeamSite Templating separates content contribution from content presentation, HSBC employees can create content using their preferred applications such as Microsoft Office. Support for multibyte languages also allows content contributors to enter content and conduct their own quality-assurance testing in their own language.

TeamSite, through its integration with the Art Technology Group Inc. (ATG) Dynamo Product Suite, also will allow HSBC to dynamically customize content for the financial firm's individual customers worldwide. These customers will receive - in their own language - personalized information about HSBC services and regional offices.

"A top priority for HSBC is building on the trust and quality associated with our global organization while catering to the specific needs of customers in each region," said Jeff Wolfers, senior manager, HSBC Group Technology Strategy. "With the help of TeamSite, hsbc.com will strengthen our brand by presenting a single face to our 25 million customers worldwide while providing relevant, localized information. After reviewing the available alternatives, only Interwoven could meet our content management and scalability demands for creating a single Web hosting center capable of supporting our global Web presence."

"As one of the world's largest financial institutions, HSBC understands the critical requirements for competing globally via the Web," said Joe Ruck, vice president of marketing at Interwoven. "By standardizing on Interwoven, HSBC has unmatched scalability, templating and workflow functionality to quickly post content from thousands of contributors around the globe - regardless of their native language or skills. HSBC now has the ability to gain a competitive advantage by more quickly bringing new products and services to the Web tailored for maximum response in each of its markets."

Headquartered in London, the HSBC Group is one of the largest banking and financial services organizations in the world. HSBC's international network comprises more than 6,000 offices in 81 countries and territories in the Asia-Pacific region, Europe, the Americas, the Middle East and Africa. With listings on the London, Hong Kong, New York and Paris stock exchanges, shares in HSBC are held by more than 175,000 shareholders in some 100 countries and territories. The shares are traded on the New York Stock Exchange in the form of American Depositary Receipts. Through a global network linked by advanced technology, including a rapidly growing e-commerce capability, HSBC provides a comprehensive range of financial services: personal, commercial, corporate, investment and private banking; trade services; cash management; treasury and capital markets services; insurance; consumer and business finance; pension and investment fund management; trustee services; and securities and custody services.

Interwoven, Inc. (Nasdaq: IWOV) is the leading provider of enterprise-class content management solutions. Its flagship product, TeamSite, controls the development, management and deployment of business-critical Web sites. Interwoven solutions are based on an inclusive content architecture that empowers all content contributors and leverages diverse Web assets including XML, Java, rich html, multimedia and database content. TeamSite is available for the Sun Solaris operating system and Microsoft NT and Windows 2000 platforms. For more information on the company and its software solutions, visit the Interwoven Web site at www.interwoven.com.tw or e-mail info@interwoven.com