SUNNYVALE, Calif. - August 30, 2004 - Interwoven, Inc. (Nasdaq: IWOV), provider of Enterprise Content Management (ECM) solutions for business, today announced that many of its customers across diverse industries have been selected for the CIO Magazine Agile 100, which lists those organizations best able to combine IT agility with business agility to adapt to rapidly changing business conditions. Interwoven is helping to enable this agility for many of its customers today.

According to Gartner's CIO Update, "Agility equates to nimbleness when managing transitions caused by constant business change, such as changing market conditions." (CIO Update: CIOs Need Better IT Service and Support Metrics, Kris Brittain,
August 2004.)

For the 17th annual CIO 100 Awards, 100 organizations were selected wherein IT agility enables agility across the enterprise. The Agile 100 honorees structure their IT costs so that spending can flex with fluctuating demand. They use elastic staffing and sourcing methods to align their people and resources with changing business needs. They employ agile project processes. They create technological agility by regularly testing new tools and developing their employees' skills. The governance mechanisms of agile IT organizations are proactive. Most importantly, their IT agility supports and sustains organizational agility.

"Technology plays an increasingly important role as a strategic differentiator in the legal industry," said Doug Caddell, CIO of Foley & Lardner, one of the Interwoven customers awarded. "Interwoven has enabled us to pursue strategic initiatives like client extranets that keep our firm at the forefront and help us respond to the evolving expectations of today's legal customers."

The Interwoven customers recognized by CIO Magazine for their IT acumen include:

• 7-Eleven
• Alcoa
• Allstate Insurance Co.
• American International Group
• Blue Cross Blue Shield of Rhode Island
• CUNA Mutual Group
• Daimler Chrysler
• Defense Logistics Agency
• Fannie Mae
• FedEx Corp.
• Flextronics International
• Foley & Lardner
• General Motors Corp.
• Getty Images
• GMAC Commercial Holding Corp.
• H&R Block
• Harrah's Entertainment
• Hewlett-Packard Corp.
• Kennametal
• Lincoln National Corp.
• Marriott International
• Merrill Lynch
• Merrill Lynch & Co.
• Oakland County, Michgan
• SBC Communications
• Staples
• The Dow Chemical Co.
• The Vanguard Group
• Toshiba America Business Solutions
• Verizon Wireless
• W.W. Grainger
• Warner Music Group

Interwoven Vice President of Corporate Marketing, Kevin Hayden, congratulated the Interwoven customers singled out by CIO Magazine. "We know from firsthand experience with these companies what it takes to succeed in today's fast-moving business environment. Interwoven's industry leading solutions provide the agility and flexibility needed to execute new initiatives at market speed, and to make new strategies a reality."

More information about the 17th annual CIO 100 Awards is available in the August 15, 2004 issue of CIO Magazine and online at http://www.cio.com/archive/081504/overview.html.