Open Text Corporation Announces Normal Course Issuer Bid

Waterloo, ON - 2000-10-31 - Open Text Corporation (Nasdaq:OTEX, TSE:OTC) announced today that it has received approval from The Toronto Stock Exchange for its normal course issuer bid announced yesterday.

Under the bid, Open Text may purchase for cancellation, up to an aggregate of 1,015,417 common shares, being up to 5% of its common shares through the facilities of The Toronto Stock Exchange, the Nasdaq National Market or pursuant to a put writing program. Purchases may commence on the TSE on November 2, 2000 and continue until November 1, 2001.

Within the past 12 months, Open Text has purchased a total of 5,075,300 of its common shares, with 1,075,300 common shares being purchased pursuant to normal course issuer bids through the facilities of Nasdaq and the TSE at an average price of US$19.59 per common share, and 4,000,000 common shares being purchased pursuant to a substantial issuer bid at a price of US$20.00 per Share. As of the date hereof, Open Text has 20,308,350 issued and outstanding common shares.

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