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Interwoven Announces Review of Historical Stock Option Procedures

SUNNYVALE, Calif. - January 30, 2007 - Interwoven, Inc. (Nasdaq: IWOV), provider of Enterprise Content Management (ECM) solutions for business, today announced that it is engaged in a voluntary review of its historical stock option grant procedures. The company initiated the review, which is being conducted under the supervision of the Audit Committee of the Board of Directors with the assistance of independent counsel.

On February 1, 2007, the company plans to hold a conference call after the market close to announce fourth quarter and full year results for the year ended December 31, 2006. Because the stock option review is ongoing, the company will provide only selected financial information at this time. For the fourth quarter of 2006, the company expects to report total revenues at the high end of its previous guidance. The conference call information is listed below.

Conference Call Details:

Date: Thursday, February 1, 2007

Time: 2:00 p.m. PT (5:00 p.m. ET)

Live dial-in #: 913-981-4911

Replay #: 719-457-0820 or 888-203-1112

Pass code: 1686044

About Interwoven
Interwoven, Inc. (NASDAQ: IWOV) is a global leader in content management solutions. Interwoven's software and services enable organizations to maximize online business performance and organize, find, and govern business content. Interwoven solutions unlock the value of content by delivering the right content to the right person in the right context at the right time. Over 4,700 of the world's leading companies, professional services firms, and governments have chosen Interwoven, including Airbus, Amnesty International USA, Avaya, BT, Cisco, Citi, Delta Air Lines, DLA Piper, FedEx, Grant Thornton, Hilton Hotels, HKMP LLP, Hong Kong Trade and Development Council, HSBC, LexisNexis, MasterCard, Microsoft, Samsung, Shell, Sky Italia, Qantas Airways, Tesco, Virgin Mobile, and White & Case. A community of over 25,000 developers and over 300 partners enrich and extend Interwoven's offerings. To learn more about Interwoven, please visit www.interwoven.com.

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