Open Text Corporation Announces Normal Course Issuer Bid

Waterloo, ON - 2000-10-30 - Open Text Corporation (NASDAQ:OTEX, TSE:OTC) announced today that it intends to repurchase, from time to time, if considered advisable, up to an aggregate of 1,015,417 common shares, being up to 5% of its common shares on The Toronto Stock Exchange and Nasdaq National Market over the next 12 months, pending required approvals. Open Text will file with applicable Canadian securities regulators and The Toronto Stock Exchange, a notice of intention to make a normal course issuer bid. Purchases may commence on Nasdaq on Monday, November 6, 2000 and on the TSE two days after the TSE accepts the notice. As of the date hereof, Open Text has 20,308,350 issued and outstanding common shares.

The Board of Directors of Open Text believes that the proposed purchases are in the best interests of the Company and its shareholders, and a desirable use of corporate funds. All common shares purchased by Open Text pursuant to the notices will be cancelled.

About Open Text

Open Text provides collaborative commerce solutions for e-business that enable users to extend and build CRM, SCM and ERP applications and allow them to work together within and across organizations. Open Text has pioneered the development of innovative intranet, extranet and e-business applications. Since creating one of the first search engines to index the World Wide Web, the Company has remained at the forefront of Internet-based technologies. Its solution family called Livelink enables individuals, teams, organizations, and global trading communities to collaborate on e-business applications that facilitate e-commerce and other transactions among Global 2000 organizations. For more information, visit www.opentext.com.

For more information, please contact

Greg Secord
Open Text Corporation
+1-519-888-7111 ext.2408
gsecord@opentext.com