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Press release

Red Hat, Inc. Takes on New President

Research Triangle Park

Red Hat, Inc. announced today that Matthew Szulik will join the company as President and Chief Operating Officer. Bob Young will remain as the company's Chairman and Chief Executive Officer.

With 21 years of technology industry experience, Szulik, a native of Massachusetts, has helped build leading technology companies, including MapInfo, the Troy N.Y.-based mapping software company. Most recently he has been President of Relativity Software, a successful and fast-growing enterprise software company based in Cary, NC.

Red Hat Chairman and CEO Bob Young said, "This is a time of enormous growth for Red Hat Software. Red Hat Linux is gaining increasing momentum, resulting in increasing demand for our enterprise computing services. Bringing successful, experienced executives like Matthew into Red Hat is important to our future success and growth."

Said Szulik, "The uniqueness of the Red Hat situation is what attracted me. It is not often that you have the chance to change the entire computer industry for the better. I am extremely attracted to the challenge of building a world-class, sustainable organization in the RTP area."

Szulik will share the administrative load that Young has been carrying, giving Young more time to focus on key industry relationships, international growth and the issues of Red Hat's creative and strategic direction.

Common with UNIX footnote

LINUX is a trademark of Linus Torvalds. Red Hat is a registered trademark of Red Hat, Inc. UNIX is a registered trademark of The Open Group. 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.