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Press release

Red Hat Announces Support For The Latest Intel Itanium 2 Processor

Enterprise customers will benefit from increased processor performance supported on the Red Hat Enterprise Linux platform.

RALEIGH, N.C

Available since May, 2002, Red Hat Enterprise Linux has established the standard for commercial Linux deployments. It has introduced new levels of availability and performance on Intel-based servers and has gained broad support from hardware vendors, software vendors and customers. Red Hat Enterprise Linux AS is the optimum solution for mission-critical departmental and datacenter server deployments and Red Hat Enterprise Linux WS is the choice for technical workstations.

"Red Hat is committed to delivering the highest levels of performance for mission-critical datacenter applications. With the Intel® Itanium 2 processor, we've seen performance scaling of 33% on the Red Hat Enterprise Linux platform," said Brian Stevens, vice president of Operating System Development at Red Hat. "Red Hat Enterprise Linux continues to lead in performance and value on Intel-based platforms."

"Intel and Red Hat have worked closely to optimize Red Hat Enterprise Linux AS and WS for the powerful new platforms based on Itanium 2 processors," said Deborah Conrad, vice president, Intel Solutions Market Development Group. "The performance optimization, rigorous testing and validation of the Red Hat operating system on new Intel-based platforms brings Red Hat customers the performance and investment protection they demand in enterprise server environments."

"As the market share leader in Itanium 2-based systems, HP was the first company to offer Red Hat Enterprise Linux on Itanium 2-based servers and workstations," said Martin Fink, vice president of Linux, HP. "The increased performance of Red Hat Enterprise Linux on HP's latest Itanium 2-based systems will demonstrate to customers further validation of HP and Red Hat's enterprise technologies."

"The new Itanium 2-based Dell PowerEdge 3250 server running Red Hat Enterprise Linux provides our customers with an ideal platform for high performance computing," said Linda Hargrove-York, vice president of worldwide enterprise marketing for Dell. "The performance and increased memory capabilities of Itanium 2-based servers combined with Red Hat Enterprise Linux are yet another compelling reason to migrate from expensive, proprietary systems."

Red Hat Enterprise Linux AS and WS for the Itanium 2 processor will be available for order from Red Hat on July 1, 2003. Availability from Red Hat Premier Partners will follow. For more information 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.

LINUX is a trademark of Linus Torvalds. RED HAT is a registered trademark of Red Hat, Inc. All other names and trademarks are the property of their respective owners.

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.