ObjectShare Enters Beta With New Version of VisualWorks; Revolutionary New Release Enhances Component Support and Eases Creation of Distributed Applications.

IRVINE, Calif.--(BUSINESS WIRE)--Dec. 21, 1998--ObjectShare, Inc. (NASDAQ:OBJS) the premier provider of component solutions, today announced it has entered Beta with the next release of its flagship VisualWorks product line.

The next release of VisualWorks is a revolutionary tool which extends the capabilities of the product line to better enable development of mission critical distributed applications by leveraging componentization. This release is expected to capitalize on the growing demand for robust, enterprise development systems.

"Global 2000 companies face constant change in the landscape of their environment pressuring IT costs and capture of competitive advantage," said Jim Smith, senior vice president of worldwide sales and marketing. "To support this environment, VisualWorks will provide tools that are easy to use, enable incremental update of an application in a two-tiered or n-tiered environment and that simplify the maintenance of a running application."

Smith noted that distributed computing is being widely used in the telecommunications industry, a key ObjectShare market, and that according to IDC forecasts, the component development market will grow from $157M to $777M with a average revenue growth rate of 45.4% between 1998 and 2002.

This upgrade represents an evolution in development tools for the creation of enterprise distributed applications and includes significant enhancements. New features are centered on five key areas, including:

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--   Componentization improvements that further simplify the
     deployment of VisualWorks applications across business network
     environments, such as company intranets.

--   Usability improvements that make the system more intuitive
     including the TeamWorks(TM) tools and other user interface
     enhancements designed to make the environment more productive.

--   Interoperability enhancements with standard technologies
     supporting CORBA, DCOM, XML, ODBC, Java and OpenTalk(TM).

--   Reliability in a heterogeneous, high-stress environment to ensure
     24x7 operation of mission critical applications.

--   Language advancements including Namespace support to allow
     components to be more easily purchased or shared between
     development teams.

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"With the ever rising complexity of applications, it's great to see ObjectShare anticipating developer needs by providing the tools to manage this complexity," stated Joe Bacanskas, lead software engineer for Mutual Travel. "We activated our corporate Web site with VisualWorks. With the very compelling upgrade of VisualWorks, we will turbo-charge it!"

The limited release beta is available to Technology Alliance Partners and a pre-selected group of current product customers. A second beta release is planned for the middle of January 1999 and will be available on the ObjectShare Web site.

Pricing and Availability

VisualWorks is scheduled for release in the first quarter of 1999. Several launch events are planned in March with the product premiering at the Smalltalk Solutions Conference, in New York, NY, March 15-16, 1999. Special upgrade pricing will be available to current customers. Details regarding pricing and packaging will be announced at a later date.

About VisualWorks

VisualWorks is a powerful object-oriented application development environment for building state-of-the-art network computing applications that are completely portable across Windows, Macintosh and most UNIX platforms. VisualWorks developers benefit from an integrated development environment, that includes a powerful suite of development tools, such as the ObjectLens for bridging between relational databases and objects, the GUI interface painter and the proven ANSI compliant VisualWorks Smalltalk language. VisualWorks applications are easy to maintain enable rapid development and allow dynamic response to changes in your business.

The VisualWorks product suite also includes add-ons which enable deployment to the Web, development of n-tier distributed applications, enhanced development tools, interfacing to external code, creation and access of COM components and flexible access to relational databases from Oracle and Sybase.

About ObjectShare, Inc.

Founded in 1983, ObjectShare, Inc. (NASDAQ:OBJS) is the leader in object-oriented solutions for network computing. With complete support for industry standards using Java or Smalltalk, the company offers its development environments, frameworks, along with consulting, education and support services worldwide. Headquartered in Irvine, California, the company also maintains offices in Sunnyvale, Germany, Japan, and the United Kingdom.

For more information about ObjectShare, please call 1-800-759-7272 or 949-833-1122. ObjectShare's World Wide Web address (URL) is http://www.objectshare.com.

VisualWorks, Distributed Smalltalk, VisualWave, OpenTalk, TeamWorks, PARTS and Visual Smalltalk are either registered trademarks or trademarks of ObjectShare, Inc. in the United States and/or other countries. Other product and company names herein may be trademarks of their respective owners.