BroadVision, Inc. Announces Conversion of Secured Notes to Equity; Company Voluntarily Delists from the Nasdaq National Market to Facilitate Previously Announced Conversion

BroadVision, Inc. (BVSN), a global provider of webself-service solutions, today announced that tomorrow, March 8, 2006,it will complete the previously announced conversion of approximately$15.5 million of principal and interest on outstanding securedconvertible notes into common shares of the Company. In connectionwith this transaction, the Company will issue 34,500,000 shares of itscommon stock to a company owned by Dr. Pehong Chen, Chairman and CEOof BroadVision, at a price of $0.45 per share in exchange for thecancellation of the notes, all of which were held by Dr. Chen'scompany, and a portion of the accrued interest on the notes. At thesame time, BroadVision will pay Dr. Chen's company approximately$180,000 in cash, representing the portion of the accrued interest onthe notes not converted. The common share issuance, representingapproximately 50% of the post-conversion shares outstanding, willincrease Dr. Chen's ownership interest to 58.9% of the total sharesoutstanding. The closing price of the Company's common stock on theNasdaq National Market today, March 7, 2006, was $0.65 per share.

The Company also announced that, in order to complete the shareissuance without violating applicable listing standards, it hasdelivered to Nasdaq a notification of voluntarily delisting of itscommon stock from the Nasdaq National Market effective prior to theopening of trading tomorrow, Wednesday, March 8, 2006. Accordingly,the last day of trading on the Nasdaq National Market will be today,Tuesday, March 7, 2006. Quotations for BroadVision's common stock arecurrently available through the "Pink Sheets" (www.pinksheets.com)under the trading symbol "BVSN," and the Company anticipates that suchquotations will continue to be available. BroadVision's common stockmay also be quoted in the future on the OTC Bulletin Board operated byNasdaq, provided that a market maker files the necessary applicationwith the NASD and such application is cleared. As previouslyannounced, the Company received a notice from Nasdaq stating that theCompany was not in compliance with the minimum bid price rulesapplicable to stocks traded on the Nasdaq National Market, and it haduntil March 6, 2006 to regain compliance.

Also, as previously announced, the Company intends to effect, assoon as practicable, a rights offering under which all stockholders ofrecord at the close of business on December 20, 2005 will receivenontransferable rights to purchase approximately 5.9 additional commonshares at $0.45 per share for each common share then held. Dr. Chenand his affiliates have waived any right to purchase shares in therights offering. The rights offering will be made only by means of aprospectus, a preliminary copy of which was filed with the Securitiesand Exchange Commission as part of a registration statement onFebruary 3, 2006. This press release does not constitute an offer tosell or a solicitation of an offer to buy any securities in the rightsoffering, nor shall there be any sale of any securities in any statein which such offer, solicitation or sale would be unlawful prior toregistration or qualification under the securities laws of such stateor jurisdiction.

About BroadVision

BroadVision (BVSN) is a global provider of web self-servicesolutions. Its agile commerce and portal applications enable customersto quickly create and adapt online processes to keep pace withchanging business requirements. Over 1,000 organizations, servingnearly 75 million registered users, rely on BroadVision's opensolutions to power and personalize their mission-critical webinitiatives. Additional information about BroadVision can be obtainedat www.broadvision.com.

Information Concerning Forward-Looking Statements

Information in this release that involves expectations, beliefs,hopes, plans, intentions or strategies regarding the future areforward-looking statements within the meaning of Section 27A of theSecurities Act of 1933 and Section 21E of the Securities Exchange Actof 1934, which forward-looking statements involve risk anduncertainties. Examples of these forward-looking statements are thediscussions regarding the anticipated rights offering and futurequotations on BroadVision's common stock. All forward-lookingstatements included in this release are based upon informationavailable to BroadVision as of the date of this release, andBroadVision assumes no obligation to update or correct any suchforward-looking statements. These statements are not guarantees offuture performance, and actual results could differ materially fromBroadVision's current expectations. Factors and risks associated withBroadVision's business are discussed in its most recent annual reporton Form 10-K and quarterly reports on Form 10-Q as filed with theSecurities and Exchange Commission.

BroadVision is a registered trademark of BroadVision, Inc. in theUnited States and other countries.