Convera and NBA Terminate Services Agreement.

Business Editors

VIENNA, Va.--(BUSINESS WIRE)--Sept. 20, 2001

Convera (Nasdaq:CNVR) and the National Basketball Association today announced that the interactive services agreement entered into last September has been terminated by the parties.

That agreement called for the two companies to work together in developing online interactive content.

Convera and the NBA are in discussions regarding the implementation of Convera's Screening Room(R) technology in the NBA's broadcast operations based in Secaucus, New Jersey, and the NBA will continue to work with other interactive service providers to create new media platforms and distribution opportunities for its content.

"As we announced last May, in response to weaker than anticipated broadband penetration and consumer demand for interactive services, Convera is no longer focusing on the interactive services business and successfully shifted our emphasis to the development, marketing and sales of software products to access unstructured information for the enterprise and government markets," said Pat Condo, president and CEO, Convera. "As a result of the termination and our shift in business strategy, Convera expects to save in excess of $10 million in costs in the coming year. In addition, we did not expect any material revenues this year from the NBA agreement."

Current Convera board director and NBA Commissioner David J. Stern, who recently was elected chair of the Board of Columbia University's Board of Trustees, will not stand for reelection to Convera's board of directors at Convera's annual meeting of stockholders on October 12, 2001.

Last month, Convera appointed two new directors, Professor Robert A. Burgelman and Stephen D. Greenberg, to its board.

About Convera

Convera, the company formed when Excalibur Technologies combined with Intel's Interactive Media Services division, is a leading provider of innovative software products that manage multimedia digital content.

Convera's advanced technologies, products, services and solutions empower content owners to extract value from their high-worth digital content--text, images and video--over the Internet, intranets, set top boxes and wireless devices.

Convera serves nearly 750 customers in 29 countries from its offices throughout the U.S. and Europe. For more information, contact Convera at 800/788-7758, via e-mail at [e-mail] or on the Web at www.convera.com.

The following are worldwide trademarks of Convera Corporation or its subsidiary Convera Technologies, Inc.: Convera(TM), RetrievalWare(R), Screening Room(R) and their respective logos.

This release contains comments about Convera's future expectations, performance, plans and prospects as well as assumptions about future events.

The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, business and economic conditions, continued success in technological advances, and the risk that the businesses that were merged to create Convera, the Interactive Media Services Division of Intel Corporation and Excalibur Technologies, Inc., will not be integrated successfully. Actual results may differ materially from our expectations as the result of these and other important factors relating to Convera's business and product development efforts, which are further described in Convera's and Excalibur's filings with the Securities and Exchange Commission.

These filings can be obtained from the SEC's website located at www.sec.gov. Any forward-looking statements are based on information available to Convera on the date of this release, and Convera assumes no obligation to update such statements.