TeamSite Templating Helps Southcorp Achieve a Competitive Advantage By Enabling Content Contribution from Southcorp's Global Business Units and Wine Distributors

SUNNYVALE, Calif. November 13, 2000 - Interwoven, Inc. (Nasdaq: IWOV), the leading provider of enterprise-class content management software, today announced that Southcorp Limited (ASX: SRP) has chosen Interwoven TeamSite 4.5 software to create, integrate and manage interactive Web content for Southcorp commencing with its wine operations.

Southcorp Wines is Australia's largest wine maker, exporter and grape producer and the world's largest producer of premium red wine. Key brands include Penfolds, Lindemans and Seppelt. It is the first company in Australia to implement the latest version of the TeamSite software, version 4.5.

TeamSite 4.5 offers new functionality to improve ease-of-use and enable content sharing across the extended enterprise. Key enhancements in version 4.5 are:

- TeamSite Front-Office provides contributors access to TeamSite publishing functions from within Microsoft Office 2000 and Windows Explorer;

- TeamSite Workflow Builder allows business managers to quickly design and modify workflows using simple drag-and-drop, thereby streamlining the development process; and

- Extended XML functionality in TeamSite Templating offers superior flexibility for capturing, storing and sharing all types of content using any industry-standard XML DTD.

"We expect that Interwoven TeamSite 4.5 will help us gain a clear advantage in the highly competitive wine market," said Wayne Saunders, chief information officer for Southcorp. "We can make it easy for our entire global business units - the people spearheading marketing to our wine customers - to make site contributions as quickly as business opportunities arise without technical personnel intervention."

In addition to its workflow and templating capabilities, key reasons for Southcorp choosing Interwoven include:

- TeamSite 4.5 allows all of the Southcorp wine operations and marketing groups like Lindemans, Penfolds and Seppelt to update tasting notes, images, reviews and labels by its simple user interface, or in-turn send the information from Outlook and Excel, that will enable quick and easy organisation and control over content deployment;

- Interwoven's open standards-based architecture, which allows Southcorp to leverage both existing and future systems and applications the company uses to manage its business; and

- Tight integration of the TeamSite with IBM's WebSphere Commerce Suite, the combined functionality that enables large teams of contributors to rapidly deliver personalised content to the eCommerce site.

"Southcorp has built strong brand recognition for each of its three core businesses. Now through the Web, it has an opportunity to reinforce its brand and build customer loyalty through very targeted marketing programs," said Kyle McManus, country manager Australia/New Zealand for Interwoven. "With TeamSite 4.5's ability to dynamically update Web content and IBM's WebSphere Commerce Suite features, Southcorp has unprecedented functionality for executing these programs through the delivery of timely, individualized content to its customers."

Interwoven, Inc. (Nasdaq: IWOV) is the leading provider of enterprise-class content management software. 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. 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.