Interleaf, Inc. announced the company has closed the private placement investment of $4.2 million, part of Interleaf’s previously announced capital improvement initiatives. In this private placement, major stockholders and members of Interleaf’s senior management team purchased 1,761,167 shares of common stock at $2.40 per share for total proceeds to the Company of $4,226,800. The transaction closed on February 16, 1999. All shares will be registered for resale pursuant to a Registration Statement on Form S-3 filed with the SEC.