Rabobank Chooses Convera's RetrievalWare to Power Enterprise Information Portal; New Enterprise-Wide Deal for Convera in the Netherlands Banking Sector.

Business Editors/High-Tech Writers

VIENNA, Va.--(BUSINESS WIRE)--July 8, 2003

Convera (NASDAQ:CNVR), a leading provider of search and categorization software for enterprises and government agencies, today announced that its technologies have been chosen to power the Rabobank Enterprise Information Portal and provide bank employees with quick and accurate access to corporate knowledge. The Rabobank Group comprises Rabobank, the Netherlands largest retail bank, investment specialist Robeco, insurance company Interpolis and finance product group De Lage Landen. The project has been implemented by Knowledge Concepts, a Dutch integrator specializing in human language technology for the knowledge management industry.

As part of an in-depth evaluation against the major players in the search market, Convera's RetrievalWare(R) was chosen, in combination with Knowledge Concepts Content Enabler(TM) language processing tools, to provide an enhanced linguistic environment for both English and Dutch that will be tailored to best support the vocabulary of the Rabobank.

Initially the solution will be rolled-out to 15,000 employees nationally. The second phase will see the system extended to 43,000 employees worldwide. As a result, Rabobank employees will have the ability to accurately search across corporate knowledge, regardless of the data format, location or language.

"Knowledge Concepts has given us access to leading search and retrieval technology from Convera and provided us with a powerful, scalable and flexible solution that has already shown major improvements in how information is searched and retrieved by our employees," says Olaf Brugman, Senior Knowledge Engineer at Rabobank.

"The superiority of the technology combined with the local support that Knowledge Concepts demonstrated throughout the selection and implementation process, was key to us choosing them as our partner of choice," adds Brugman.

"Our Knowledge Discovery technology is being used by an increasing number of European Banks. In partnership with local linguistic specialists such as Knowledge Concepts, we can provide a level of search accuracy, in both Dutch and English, that can directly affect our customers' bottom lines," comments Iain Fletcher, International Sales Director at Convera. "The Rabobank is a big company with a lot of data and unless search technology can deliver an appropriate level of accuracy, people can search, but they won't find."

About Rabobank

The Rabobank roots lie in agriculture. What began at the end of the nineteenth century as a co-operative of small rural banks, has grown into an extensive financial group. Today Rabobank is a co-operative, the core of which is formed by 363 local banks who provide financial services and products to the Dutch retail and business market. The collection of these banks, together with Rabobank Nederland and group members covering private banking, insurance and asset management form Rabobank Group and establish Rabobank as an all finance service provider.

In its Dutch home market, Rabobank Group has nine million business and private customers and is market leader in virtually every area of financial services. Outside the Netherlands, the Group has 143 offices, employing a total of 5,928 people in 34 countries. Consistently being awarded an AAA credit rating from the leading rating agencies, the banks stability is further evidenced by its receipt of the Global Finance Award: World's Safest Bank in 2001 and again in 2002.

About Knowledge Concepts

Founded in 1998, Knowledge Concepts is headquartered in the Netherlands. Its core competence is to enable organisations to access and organise their knowledge, regardless of data structure, format or location. By building a range of linguistic analysis tools on top of traditional statistic search solutions, we enable customers to take knowledge retrieval to the next level. These tools not only include generic language support but also offer an in-depth understanding of industry specific terminology or jargon. Knowledge Concepts portfolio enables the creation of a true Semantic Intranet, offering unrivalled corporate knowledge disclosure.

About Convera

Convera is a leading provider of mission-critical enterprise search 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 33 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(R), RetrievalWare(R), and Screening Room(R). The names of actual companies and products mentioned herein may be the trademarks of their respective owners.