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Press release

Red Hat Partners with HP for Red Hat Summit

HP will work with Red Hat to present a rich agenda to developers, professionals, customers and users at first annual Red Hat Summit.

RALEIGH, N.C.

Red Hat (RHAT), the world's leading provider of open source solutions to the enterprise, today announced that HP will be the Platinum Partner for the upcoming Red Hat Summit. The first annual Red Hat Summit will be held in New Orleans June 1-3.

"HP has been a strategic partner to Red Hat for over 5 years, we are very pleased to have them join us at the Summit," said Ed Boyajian, Vice President of Global Alliances at Red Hat. "Red Hat Summit attendees will definitely benefit from learning about real-world implementations, and open source strategies directly from industry leaders."

"As the platinum sponsor, HP is excited to partner with Red Hat to present the first annual Red Hat Summit," said Martin Fink, vice president of Linux at HP. "The open source movement has revolutionized the way we think about IT solutions, support, and the integration of open source with traditional commercial solutions. The Red Hat Summit will be an excellent opportunity to highlight the latest in open source technology, innovation, solutions, and support we can provide to our customers today."

The Red Hat Summit will blend different views and content into a program useful for attendees building and enabling open source architectures. General sessions will be held each morning of the three-day Summit followed by in-depth sessions grouped into three main tracks for attendees to choose from. Tracks include the Practical, Technical, and Business and Current Isssues Tracks.

Registration for the Red Hat Summit is available to community contributors, developers, customers, and partners at http://www.redhat.com. The first 600 registrants are eligible to win one of three Red Hat Certified Engineer courses valued at $2500 each.

The Red Hat Summit will have an attendance fee of $999 which will include registration, three-nights accommodations and meals. To register for or learn more about Red Hat Summit 2005, please visit http://www.redhat.com or call 866-2-REDHAT.

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

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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About Red Hat

Red Hat is the world’s leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, and open source communities, Red Hat helps create relevant, innovative technologies that liberate resources for growth and prepare customers for the future of IT. Learn more at http://www.redhat.com.

Forward-looking statements

Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks related to delays or reductions in information technology spending; the effects of industry consolidation; the ability of the Company to compete effectively; the integration of acquisitions and the ability to market successfully acquired technologies and products; uncertainty and adverse results in litigation and related settlements; the inability to adequately protect Company intellectual property and the potential for infringement or breach of license claims of or relating to third party intellectual property; the ability to deliver and stimulate demand for new products and technological innovations on a timely basis; risks related to data and information security vulnerabilities; ineffective management of, and control over, the Company’s growth and international operations; fluctuations in exchange rates; and changes in and a dependence on key personnel, as well as other factors contained in our most recent Quarterly Report on Form 10-Q (copies of which may be accessed through the Securities and Exchange Commission’s website at http://www.sec.gov), including those found therein under the captions "Risk Factors" and "Management’s Discussion and Analysis of Financial Condition and Results of Operations". In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic and political conditions, governmental and public policy changes and the impact of natural disasters such as earthquakes and floods. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of this press release.