EVOLVE SOFTWARE –

San Francisco

Went public 8/10/2000 at $9 per share

Filing Range: 5 mil. shares @ $8 to $10

Shares Outstanding: 36.5 mil. shares

Underwriters: Credit Suisse First Boston/Deutsche Banc Alex. Brown/Wit

SoundView Group Inc.

Company Counsel: Wilson Sonsini Goodrich & Rosati

Manager Counsel: Shearman & Sterling

Auditor: Pricewaterhouse Coopers LLP

The Company:

Develops enterprise application software for human resources, financial and distribution applications.

Venture Backers:

Sierra Ventures

Goldman, Sachs & Co.

Altos Ventures

Hambrecht & Quist

East River Ventures LP

Citicorp Venture Capital Ltd.

Deutsche Bank AG

SunAmerica Ventures

Citigroup Inc.

Financing Rounds:

Number of Round Amt.

Round # Round Date Stage Investors ($ thousands)

1 07/01/1996 2 Expansion 0.0

2 11/25/1998 3 Later Stage 11000.1

3 12/01/1998 4 Later Stage 9999.9

4 09/16/1999 10 Later Stage 24610.4

Financials:

(Data in $ millions)

Y/E

6/30/00

Total Revenues: $10.5

Net Income: -60.4