Open Text Corporation Announces Normal Course Issuer Bid

Waterloo, ON - 2002-11-01 - Open Text Corporation (Nasdaq: OTEX, TSX: OTC) announced today that it is renewing its normal course issuer bid to repurchase, from time to time over the next 12 months, if considered advisable, up to an aggregate of 964,058 common shares, being approximately 5% of its common shares, on the Nasdaq National Market. Open Text has filed a notice of intention to make a normal course issuer bid with applicable Canadian Securities Regulators. Purchases may commence November 6, 2002. As of the date hereof, Open Text has 19,281,170 issued and outstanding common shares. The Board of Directors of Open Text believes that the proposed purchases are in the best interests of Open Text and are a desirable use of corporate funds. All common shares purchased by Open Text pursuant to the notice will be cancelled.

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 six million seats 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

In addition to the historical information contained herein, this new release contains forward-looking statements which involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or the developments in the Company's business or its industry, to differ materially from the anticipated results, performance, achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the Company's ability to effectuate the stock repurchase program, the Company's liquidity and capital resources, the volatility of the Company's stock price, a reduction in the Company's cash flow from operations and/or increased operating expenses, as well those factors set forth in the Company's annual report on Form 10-K/A and quarterly reports on Form 10-Q. Forward-looking statements are based on management's current plans, estimates, opinions and projections as of the date they are made, and the Company assumes no obligation to update forward-looking statements if assumptions of these plans, estimates, opinions or projections should change.

For more information, please contact

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