Convera and NBA Terminate Services Agreement

VIENNA, VA, September 20, 2001 — Convera (Nasdaq: CNVR) andthe National Basketball Association today announced that theinteractive services agreement entered into last September has beenterminated by the parties. That agreement called for the two companiesto work together in developing online interactive content. Convera andthe NBA are in discussions regarding the implementation of Convera'sScreening Room® technology in the NBA's broadcast operations basedin Secaucus, New Jersey, and the NBA will continue to work with otherinteractive service providers to create new media platforms anddistribution opportunities for its content.

"As we announced last May, in response to weaker than anticipatedthe broadband penetration and consumer demand for interactive services,Convera is no longer focusing on the interactive services business andsuccessfully shifted our emphasis to the development, marketing andsales of software products to access unstructured information for theenterprise and government markets," said Pat Condo, president and CEO,Convera. "As a result of the termination and our shift in businessstrategy, Convera expects to save in excess of $10 million in costs inthe coming year. In addition, we did not expect any material revenuesthis 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'sBoard of Trustees, will not stand for reelection to Convera's board ofdirectors at Convera's annual meeting of stockholders on October 12,2001. Last month, Convera appointed two new directors, Professor RobertA. Burgelman and Stephen D. Greenberg, to its board.

About Convera
Convera, the new company formed when Excalibur Technologies combinedwith Intel's Interactive Media Services division, is a leading providerof innovative software products that manage multimedia digital content.Convera's advanced technologies, products, services and solutionsempower content owners to extract value from their high-worth digitalcontent-text, images and video-over the Internet, intranets, set topboxes and wireless devices. Convera serves over 700 customers in 29countries from its offices throughout the U.S. and Europe. For moreinformation, contact Convera at 800-788-7758, via e-mail atinfo@convera.com or on the Web at www.convera.com.