Pivotal Corporation Announces Cdn $85,100,000 (US $55,000,000) Financing

Pivotal Corporation (Nasdaq NM: PVTL; TSE: PVT) today announced that the company has entered into a Cdn $85,100,000 (approximately US$55,000,000) financing agreement with a syndicate of global investment firms.

Vancouver, Canada, November 10, 2000 — Pivotal Corporation (Nasdaq NM: PVTL; TSE: PVT) today announced that the company has entered into a Cdn $85,100,000 (approximately US$55,000,000) financing agreement with a syndicate of global investment firms.

Under the agreement, the syndicate has agreed to purchase 1,000,000 common shares of Pivotal Corporation from the company at a price of Cdn $85.10 per common share, for gross proceeds of Cdn $85,100,000. Pivotal Corporation has granted the syndicate an option, exercisable at any time prior to filing a preliminary prospectus, to increase the size of the offering by up to an additional 300,000 common shares. In addition, the syndicate has the option, until the closing date, to purchase additional common shares equal to up to 15% of the offering size to cover over-allotments. The offering is scheduled to close on or about November 28, 2000. Pivotal Corporation currently has 22,559,128 shares outstanding.

Net proceeds of the offering will be used for corporate expansion, acquisition initiatives, and for general corporate purposes.

The common shares will not be registered under the U.S. Securities Act of 1933 (the "Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the Securities Act.

Pivotal Corporation enables large and medium-sized businesses worldwide to make, serve, and manage customers with superior speed and efficiency by providing XML-based demand chain networks that deliver personalized customer experiences across every touch point in real-time. These networks unify Internet commerce, CRM, eSelling, and wireless technologies to manage collaborative relationships between customers, business partners, and employees; guide intelligent commerce transactions across multiple channels; seamlessly integrate the demand chain with the supply chain; and fully exploit Microsoft platform standards.

Pivotal solutions are sold in 35 countries and are available in English, French, German, Spanish, Portuguese, Swedish, Japanese and Chinese. Pivotal's worldwide customer base includes more than 1,000 organizations in traditional, commercial and public market sectors and the new digital economy, including KPMG, Intrawest Corporation, Emerson Electric, US Filter, Ericsson, Nissan Motor Corp., HarperCollins Publishers, Qiagen Inc., Deutsche Bank, Trader.com, Southern Company, Lucent Technologies, Inc., NEC, Deloitte & Touche, Principal Financial Group and Red Cross Australia.

Pivotal is a public company traded on the NASDAQ under the symbol “PVTL” and the Toronto Stock Exchange under the symbol “PVT.” More information can be found on the corporate Web site at http://www.pivotal.com.

This release contains certain forward-looking statements about the offering that involve a number of known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in our forward-looking statements. Factors that could cause actual results to differ materially include the requirement to meet customary closing conditions. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we cannot guarantee future events. Moreover, neither we nor anyone else assumes responsibility for the accuracy or completeness of forward-looking statements.
Jacqueline Voci
Tel: 425.897.6992
Fax: 425.897.8401
Email: jvoci@pivotal.com

Investor Contact:
Vince Mifsud, Pivotal Corporation
Tel: 604/904-5850
Email: vmifsud@pivotal.com