Red Hat Named One of the Top 20 "Best Regarded" Technology Companies, Top 10 for "Vision and Leadership" in New Survey

Durham

United States, November 23, 1999

Harris Interactive Inc. and Reputation Institute Survey Places Red Hat High Among Industry Leaders in Measurement of 20 Key Attributes

Red Hat®, Inc. (NASDAQ:RHAT), the leading developer and provider of open source software solutions, has been named to three prestigious lists in a new Harris Interactive, Inc./Reputation Institute survey. The two-phase national study measured the reputation of technology companies against 20 attributes. The survey placed Red Hat, Inc. in the Top 20 "best regarded" companies and in the Top 10 companies demonstrating "vision and leadership."

Red Hat's high standing in the survey results is remarkable given the relatively small size of the company compared to the survey's other leaders. Red Hat finished just behind IBM and Motorola and slightly ahead of Yahoo! and 3COM.

"This is a tremendous ratification of the strength of our brand. We're delighted with the results of this survey because it confirms our view that open source software and our business model are held in high regard by the public," said Matthew Szulik, president and CEO of Red Hat, Inc. "For our relatively young company to be placed so highly among established, long-time industry leaders is compelling proof that open source is gaining momentum."

"It's remarkable for a company that was relatively unknown just a year ago to place so highly in a survey that measures attributes like vision, leadership and public regard," said Joy Sever, Senior Vice President at Harris Interactive, Inc. "In a short time Red Hat has built a strong reputation as a leader in the technology industry and it is certainly well-regarded by those who are familiar with the company."

About Red Hat, Inc.

Red Hat, the world's leading open source and Linux provider, is headquartered in Raleigh, NC with satellite offices spanning the globe. Red Hat is leading Linux and open source solutions into the mainstream by making high quality, low cost technology accessible. Red Hat provides operating system software along with middleware, applications and management solutions. Red Hat also offers support, training and consulting services to its customers worldwide and through top-tier partnerships. Red Hat's open source strategy offers customers a long term plan for building infrastructures that are based on and leverage open source technologies with focus on security and ease of management. Learn more: http://www.redhat.com

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Forward-Looking Statements

Forward-looking statements in this press release are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in this press release that are not strictly historical statements, including, without limitation, management's plans and objectives for future operations, and management's assessment of market factors, constitute forward-looking statements which involve risks and uncertainties. These risks and uncertainties include, without limitation, reliance upon strategic relationships, management of growth, the possibility of undetected software errors, the risks of economic downturns generally, and in Red Hat's industry specifically, the risks associated with competition and competitive pricing pressures, the viability of the Internet, and other risks detailed in Red Hat's filings with the Securities and Exchange Commission, copies of which may be accessed through the SEC's Web site at http://www.sec.gov.

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