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

FOR IMMEDIATE RELEASE

ROY, Utah, September 22, 2000 - Iomega Corporation (NYSE: IOM), a global leader in data management solutions, announced today that it has called for redemption on October 23, 2000 all of the company's outstanding 6 3/4 % convertible subordinated notes due March 15, 2001. Notes in an aggregate principal amount of approximately $45.5 million are currently outstanding. The Company had previously announced on September 8, 2000 its intention to call the notes.
The redemption price of the notes is $1,013.50 per $1,000 principal amount of notes, together with accrued and unpaid interest from September 15, 2000 to the redemption date of October 23, 2000. The notes are convertible into common stock at a conversion price of $4.9375 per share. The conversion right expires at 5:00 p.m. New York City time on October 19, 2000.
The note redemption will be funded using the company's available working capital.

About Iomega
Iomega Corporation (NYSE:IOM) manufactures and markets the award-winning Zip(r), Jaz(r) and PocketZip( drives and disks and markets the ZipCD(tm) CD-RW drives and discs. Iomega's products help people to save, share, manage and create important information such as spreadsheets, slides, Internet downloads, audio files and personal photographs, 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 1-800-MY-STUFF (800-697-8833), or on the Web at http://www.iomega.com.

# # #
Copyright (c) 2000 Iomega Corporation. Iomega, Zip, Jaz, PocketZip, Clik!, and ZipCD are either registered trademarks or trademarks of Iomega Corporation in the United States and/or other countries. Certain other product names, brand names and company names may be trademarks or designations of their respective owners.