Convera to Hold Telephone Conference Call Following Announcement of FY 2003 Fourth Quarter and Year-End Financial Results; Call Also Available Live on the Web at Convera.com.

Business Editors/High-Tech Writers

VIENNA, Va.--(BUSINESS WIRE)--Feb. 27, 2003

Convera (Nasdaq:CNVR), a leading provider of mission-critical search, retrieval and categorization software for enterprises and government agencies, will conduct a telephone conference call on March 6, 2003, following the expected release of the Company's fourth quarter and year-end financial results.

Convera's FY'03 fourth quarter ended January 31, 2003.

The interactive call will be hosted by Pat Condo, president and chief executive officer, and Chris Mann, chief financial officer. Individuals interested in participating in the call should RSVP to 703/760-4071 prior to March 3rd. Participants should fax written questions to Convera Investor Relations at 703/761-1990, or submit verbal questions when calling to RSVP.

The telephone conference will begin at 8:30 a.m. ET, on March 6, 2003. Conference call participants should call 212/676-5383 at approximately 8:20 a.m. ET on March 6th, and ask to be placed into the Convera telephone conference.

In addition, a non-interactive audio webcast of the conference call will be available live. To access the webcast, go to the investor relations page of Convera's website, www.convera.com, and click on live webcast.

For individuals unable to participate live, a playback of the call will be available for 24 hours following the conference. To playback the conference, dial 800/633-8284 (domestic) or 402/977-9140 (international) and enter reservation number 21118404 when prompted. The audio webcast will be archived and available for playback at 3:00 p.m. eastern on March 6th.

To access the web playback simply go to the investor page of Convera's web site, www.convera.com, and select the webcast archive page.

About Convera

Convera is a leading provider of mission-critical enterprise search, retrieval and categorization solutions. Convera's RetrievalWare(R) solutions maximize return on investment in vast stores of unstructured information by providing highly scalable, fast, accurate and secure search across more than 200 forms of text, video, image and audio information, in more than 45 languages.

More than 800 customers in over 30 countries rely on Convera's search solutions to power a broad range of mission-critical applications including enterprise portals, knowledge management, intelligence gathering, profiling, corporate policy compliance, regulatory compliance, customer service and more.

For more information, contact Convera at 800/788-7758, via e-mail at [e-mail] or on the Web at www.convera.com.

This release, including any statements from Convera personnel, contains statements 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 and trends; continued success in technological advances; possible disruption in commercial activities caused by terrorist activity and armed conflict, such as changes in logistics and security arrangements; reduced customer demand relative to expectations; competitive factors; and other risk factors listed from time to time in the company's SEC reports.

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 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.

The Convera design logo and the following are worldwide trademarks of Convera: Convera(TM), RetrievalWare(R), and Screening Room(R). The names of actual companies and products mentioned herein may be the trademarks of their respective owners.