Wall Street Executive Joins Red Hat to Maximize Customer Experience

RALEIGH, NC–March 2, 2004–Red Hat, Inc. (Nasdaq:RHAT), the world’s premier open source and Linux provider, today announced that Joanne Rohde has
been appointed as Executive Vice President of Worldwide Operations. Rohde, most recently Managing Director, Information Technology and Chief
Procurement Officer at UBS Investment Bank, has had over twenty years of enterprise experience in sales, marketing and IT. Rohde will be responsible
for Red Hat’s enterprise solutions, services and IT organizations.

Prior to joining Red Hat, Rohde managed multi billion dollar IT budgets, technology relationships and investment banking infrastructure for UBS
Investment Bank. Rohde held similar positions with Warburg, Swiss Bank Corporation, and O’Connor & Associates1. Building staff and solutions to handle
the needs of organizations with several thousand clients has been key achievements in her career. While at UBS, Rohde helped build the IT organization
as it grew tenfold and delivered solutions to the global UBS client base.

“I’ve experienced the high performance and clear value proposition of open source from the side of an enterprise customer,,” said Rohde. “Red Hat has
a fantastic opportunity to scale the marketplace for open source solutions and improve the way people view computing. Being a part of this
organization’s management team is a exciting prospect.”