Open Text Corporation to Report Q4 and Fiscal Year End 2002 Results on Wednesday July 31st

Teleconference Concerning Financial Results Scheduled for 5:30 p.m. ET

Waterloo, ON - 2002-07-02 - Open Text Corporation (Nasdaq: OTEX; TSX: OTC), provider of Livelink®, the leading collaboration and knowledge management software for the global enterprise, today announced that its results for the fourth quarter and year-end of fiscal 2002 will be released after the market close at 4:30 p.m. ET/1:30 p.m. PT on Wednesday, July 31, 2002.

Open Text invites the public to listen in on the company's teleconference call concerning financial results for the fourth quarter and year-end of fiscal 2002 after the market closes on Wednesday, July 31, 2002.

When:  Wednesday July 31, 2002
5:30 p.m. ET / 2:30p.m. PT
Length:  Approximately 45 minutes
Where:  416-640-4127


Please dial the above number approximately 10 minutes before the teleconference is scheduled to begin. The operator will take your name and connect your line with the meeting. Replay will be available beginning August 1 from 9:00 am ET thru midnight on August 8.

Events Calendar Update

Open Text announced that it plans to participate in the following financial conferences hosted by the respective brokerage firm. Note that event dates and times are subject to change after the release of this announcement. To confirm a date or learn about web cast availability, visit the company's web site closer to event date at www.opentext.com/investor.

August 6
Time: TBD
CIBC WorldMarkets Enterprise & e-business Software Conference
New York City

October 29
Time: TBD
RBC Capital Markets Software Conference
San Francisco

November 4
Time: 9:00a.m. PT
AEA Conference
San Diego

November 7
Time: 9:00a.m. CT
Analyst Day at Live LinkUp 2002
Chicago


For more information and playback instructions:
http://www.opentext.com/investor/investor_events/Q4-2002_Earnings_Call.html.

About Open Text

Since 1991, Open Text Corporation has delivered innovative software that brings people together to share knowledge, achieve excellence, deliver innovation, and enhance processes. Its legacy of innovation began with the successful deployment of the world s first search engine technology for the Internet. Today, as the leading global supplier of collaboration and knowledge management software for the enterprise, Open Text supports five million users across 4,500 corporations in 31 countries and 12 languages throughout the world. As a publicly traded company, Open Text manages and maximizes its resources and relationships to ensure the success of great minds working together. For more information, visit www.opentext.com.

Trademark

Copyright © 2002 by Open Text Corporation. LIVELINK, LIVELINK MEETINGZONE and OPEN TEXT are trademarks or registered trademarks of Open Text Corporation in the United States of America, Canada, the European Union and/or other countries. This list of trademarks is not exhaustive. Other trademarks, registered trademarks, product names, company names, brands and service names mentioned herein are property of Open Text Corporation or other respective owners.

Release Disclaimer

This news release may contain forward-looking statements relating to the deployment of Livelink by customers, and future performance of Open Text Corporation. Forward-looking statements are subject to certain risks and uncertainties, and actual results may differ materially. These risks and uncertainties include, among others, risks involved in the completion and integration of acquisitions, the possibility of technical, logistical or planning issues in connection with deployments, the continuous commitment of the Company's customers and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission (SEC), including the final prospectus for the Company's initial public offering of common stock in January 1996, Form 10-K for the years ended June 30, 1998, June 30, 1999, June 30, 2000, and June 30, 2001, and Form 10-Q for the quarters ended September 30, 2001, December 31, 2001 and March 31, 2002. Forward-looking statements are based on management's beliefs and opinions at the time the statements are made, and the Company does not undertake any obligations to update forward-looking statements should circumstances or management's beliefs or opinions change.

For more information, please contact

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