Analyst/Investors, please contact:
Jim Recob, Iomega Corporation, (801) 332-4430 recob@iomega.com

FOR IMMEDIATE RELEASE

Iomega Ships Predator External CD-RW Drive

ROY, Utah, December 20, 2000 - Iomega Corporation (NYSE: IOM), a global leader in data management solutions, today announced that the exciting new Iomega PredatorTM CD-RW drive is now shipping in the U.S.

The Iomega PredatorTM CD-RW drive, which debuted as a crowd favorite at Comdex last month in Las Vegas, is now shipping for availability on select U.S. retail shelves in early January 2001, for $269.95 (U.S. estimated retail price). The external CD-RW drive is also available at iomegadirect.com, and will begin shipping in Asia, Europe and Latin America in February 2001.

The versatile new PredatorTM 8X4X32X CD-RW drive supports popular interfaces by using interchangeable adapters. It is currently shipping with a USB 1.1 adapter offering 4X4X6X performance, the maximum re-write and read speeds for the USB 1.1 interface. A FireWire®/IEEE 1394 adapter model will also be available in the first quarter of 2001 for $329.95 (U.S. estimated retail price), with USB 2.0 and PCMCIA adapters to follow later in the year.

"Early this year, we recognized the consumer need for an external CD-RW drive that offers ease of use, portability and an exciting form factor," said Doug Collier, vice president marketing, product management and business development, Iomega Corporation. "Predator richly delivers on that need by providing consumers with a dynamically designed CD-RW drive that is a dramatic departure from the heavy, brick-like look of existing external CD-RW drives."

The Predator is compatible with PC and Macintosh® platforms and sets a new standard for leading edge design, following in the foot steps of Zip®, Jaz(® and other award-winning Iomega products. The comprehensive software suite includes Adaptec® Easy CD CreatorTM 4.0, Adaptec DirectCDTM 3.0, Adaptec ToastTM, MusicMatch® JukeboxTM Plus, MGI PhotoSuite®, Iomega Quik Sync 2 software (30-day trial version) and Adobe® ActiveShareTM software.

About Iomega
Iomega Corporation (NYSE:IOM) manufactures and markets the award-winning Zip®, Jaz®, and PocketZipTM drives and disks, the HipZipTM digital audio player, the FotoShowTM digital image center, LifeWorksTM software, and Iomega Quik Sync 2 software; Iomega also markets Iomega CD-RW drives. Iomega's products help people to save, share, manage and create important information such as Internet downloads, audio files, personal photographs, spreadsheets, and slides, while protecting that content from viruses and hackers. Used in homes, businesses, government and educational facilities and by creative professionals everywhere, Iomega storage solutions are the enabling technologies preferred by millions. The Company can be reached at 1-888-4-IOMEGA (888-446-6342), or on the Web at http://www.iomega.com.

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NOTE: The statements contained in this release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, including statements regarding the expectations, beliefs, hopes, intentions or strategies of Iomega regarding the future. All forward-looking statements included in this document are based upon information available to Iomega as of the date hereof, and Iomega assumes no obligation to update any such forward-looking statement. Actual results could differ materially from current expectations. Factors that could cause or contribute to such differences include market acceptance of Iomega products, reliance upon third party suppliers, Iomega's success in timely shipping its products and any unforeseen delays and other risks as identified in the reports filed from time to time with the U.S. Securities and Exchange Commission by Iomega, including Iomega's Annual Report to Stockholders for 1999 on Form 10-K and its most recent quarterly reports filed with the SEC.

Copyright(c) 2000 Iomega Corporation. Iomega, Zip, Jaz, HipZip, FotoShow, Predator, PocketZip, and LifeWorks are either registered trademarks or trademarks of Iomega Corporation in the United States and/or other countries.