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Interwoven Added to Standard & Poor's U.S. Index

San Jose, Calif. - November 21, 2008 - Interwoven (NASDAQ: IWOV), a global leader in content management solutions, will be added to the Standard and Poor's (S&P) SmallCap 600 index after the close of trading on Friday, November 21.

The S&P Index Committee follows a set of published guidelines for maintaining the SmallCap 600 index. These guidelines include requiring the company be based in the U.S., have a minimum market capitalization of $250 million, and have four consecutive quarters of positive earnings.

In the third quarter of 2008, Interwoven recorded its 20th straight quarter of year-to-year revenue growth. And at market close on Thursday, November 20, 2008, Interwoven had a market capitalization of over $500 million.

Complete details on S&P's guidelines can be found at: www2.standardandpoors.com/spf/pdf/index/S_P_US_Indices_Methodology_Web.pdf

About Standard & Poor's Index Services

Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Its family of indices includes the S&P 500, an index with $1.5 trillion invested and $4.85 trillion benchmarked, and the S&P Global 1200, a composite index comprised of seven regional and country headline indices. For more information, please visit www.standardandpoors.com/indices.

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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