Red Hat Embarks on World Tour with IBM and HP

Raleigh

United States, March 10, 2004

Meetup.com will power the seven city tour focused on customers and community.

Current open source topics such as intellectual property, technology roadmaps and insider perspectives on the future of open source will be presented by Red Hat executives and partners at each tour stop. Agendas will be built to address a range of attendees, from Fortune 500 customers to software developers and community members. Open forums of discussion to communicate with representatives from HP, IBM and Red Hat will be encouraged for all attendees.

Individuals can also participate in local eventsâeuro”Red Hat Meetupsâeuro”in thousands of cities and small towns in 51 countries via http://redhat.meetup.com. Meetup.com is a free online service that organizes gatherings of communities with common interests. Meetup.com also uses Red Hat to power its global network. "The open source community is one of the only true technology-focused communities that works together, regardless of geographical location, to improve innovation at a constant pace," said Myles Weissleder, Vice President, Communications at Meetup. "We are excited to begin working with the open source community to bring members together for the Red Hat World Tour and in the future."

"We are seeing an explosion in Linux growth where many enterprise customers are looking to run Linux with their mission critical applications utilizing the proven robustness of IBM's 64-bit POWERTM technology," said Brian Connors, Vice President, Linux on POWER, IBM. "IBM is joining Red Hat on this exciting world tour to address and share key insight with our joint enterprise customers on current and future open source innovations."

"HP is a market leader in Linux server revenue, and we're pleased to again work closely with Red Hat to sponsor open source initiatives and help drive Linux deeper into the enterprise and beyond," said Martin Fink, vice president of Linux, HP. "This is the latest chapter in the rich history between these two companies and we look forward to listening to software developers and the open source community to bring more value to our many shared customers."

For more information on the Red Hat World Tour or to register to attend a global event, please visit http://www.redhat.com/worldtour/. Viewers may also follow the tour via redhat.com and http://redhat.meetup.com.

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.