Expert in Accountancy and Business Practices Elected to Red Hat Board

Raleigh

United States, May 14, 2003

W. Steve Albrecht, A leader of Brigham Young University's Management School, becomes latest member of Red Hat board of directors.

"The exceptional business expertise and reputation of integrity possessed by Dr. Albrecht are well known," said Matthew Szulik, CEO and Chairman of Red Hat. "Dr.Albrecht has made contributions that will benefit and protect countless individuals. We are excited to have him as an advisor and contributor as we build our business responsibly and with social values in mind."

"Red Hat is lead by a team of executives with uncompromising principles," said Dr. Albrecht. "This is an example of a company whose success has been achieved with a straight-forward approach and I look forward to joining their board."

Chosen as one of the 100 most influential accountants in the United States by Accounting Today in 1997, 2001 and 2002, Dr. Albrecht has been recognized with numerous awards and honors. The most significant has been the Cressey Award from the Association of Certified Fraud Examiners, the highest honor given for a lifetime of achievement in fraud detection and deterrence. Dr. Albrecht has been the author and co-author on over 20 books and 80 professional journal articles on business fraud and other accounting-related topics. His textbooks on financial and managerial accounting principles are in their 8th editions. Dr. Albrecht holds a PhD, Accounting from the University of Wisconsin at Madison, an MBA from University of Wisconsin at Madison and a BS in Accounting from Brigham Young University.

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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