Verity, Inc. announced it has filed a registration statement in connection with a proposed underwritten public offering of 1,775,000 shares of its Common Stock, plus an over-allotment option of 266,250 shares. 1,500,000 of the shares (plus the shares in the over-allotment option) are being offered by Verity in a new financing, and 275,000 of the shares are being offered by certain stockholders. SG Cowen Securities Corporation, Banc of America Securities LLC, Dain Rauscher Wessels, a division of Dain Rauscher Incorporated, and SoundView Technology Group, Inc. are the underwriters of the offering. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State. www.verity.com

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