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MEDIA ADVISORY: Verity to Present at Lehman Brothers Third Annual Global Software and IT Services Conference

SUNNYVALE, Calif - 2003-03-07 - Anthony J. Bettencourt, president and chief executive officer and Steven R. Springsteel, senior vice president of finance and administration and chief financial officer of Verity Inc. (NASDAQ: VRTY), will speak about the company's marketplace performance and outlook on the industry in which it competes at Lehman Brothers Third Annual Global Software and IT Services Conference on March 11, 2003, in Half Moon Bay, Calif.

WHAT: Verity's Investor Presentation at Lehman Brothers Third Annual Global Software and IT Services Conference

WHERE: Half Moon Bay, California

WHEN: March 11, 2003, 3:30-4:30pm

CONTACT: Winifred Shum, Verity Inc., 408-542-2363, wshum@verity.com

Bettencourt and Springsteel will offer the company's view of the software market in which it competes, its approach for extending category leadership, and evidence of how its innovative technology is helping customers solve business problems and realize measurable return on investment.

Hosted and moderated by the Lehman Brothers Global Software and IT Research Team, this year's conference will offer participants a complete view of the global software landscape, featuring presentations and panels providing insight on trends within enterprise, infrastructure, security storage, the Internet, outsourcing, consulting and systems integration, as well as other multi-industry topics.

Lehman Brothers (NYSE: LEH), an innovator in global finance, focuses on serving the financial needs of corporations, governments and municipalities, institutional clients, and high-net-worth individuals worldwide. Founded in 1850, Lehman Brothers maintains leadership positions in equity and fixed income sales, trading and research, investment banking, private equity, and private client services.

About Verity

Headquartered in Sunnyvale, Calif., Verity provides software solutions that help organizations maximize the return on their intellectual capital investment by utilizing Verity's industry-leading enterprise search, classification and personalization technologies. Verity software is used for sharing information within and between enterprises; for facilitating e-commerce sales; and for B2B activities on Web-based market exchanges. In addition, Verity technology serves as a core component of many leading e-business applications.

Verity products are used by more than 3,500 organizations in the private and public sectors. Customers include Adobe Systems, AT&T, Bristol-Myers Squibb, Cisco, Cap Gemini Ernst & Young, Documentum, Dow Jones, EDGAR Online, Financial Times, H-P, Home Depot, Lotus, META Group, SAP, Siemens, Sybase, Time New Media and Timex.

For more information, contact Verity at info@verity.com or at World Wide Web site http://www.verity.com or call 408-541-1500.

Verity and the Verity logo are registered trademarks or trademarks of Verity, Inc.

Verity Editorial Contacts:

Winifred Shum

Verity, Inc.

(408) 542-2363

wshum@verity.com

Steve Hoechster

The Alliant Group

(646) 495-5401 or (914) 393-9219

shoechster@thealliantgroup.com

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