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

FOR IMMEDIATE RELEASE

NEW YORK--(BUSINESS WIRE)--June 27, 2000--Iomega Corporation (NYSE:IOM), a global leader in data management solutions, today announced it has signed a development support agreement with Red Hat(R), Inc. (NASDAQ:RHAT) to develop Linux(R) support for Iomega drives in future versions of the company's IomegaWare software.
"Linux is one of the fastest growing operating systems in the server marketplace and we know that it's extremely important that we service the growing Linux community," said Germaine Ward, vice president of software solutions, Iomega Corporation. "Our agreement with Red Hat will help us provide native support of Iomega drives on Linux machines and make our products easy to use in the Linux environment."
Users can test a pre-release version of the Linux(R) platform driver software and submit comments and questions to Iomega. To download the driver software, users can visit Iomega's web site at www.iomega.com/software.
Red Hat's Client Services Group, the industry's largest source of custom Open Source development expertise, will provide the development support to Iomega. The Client Services Group provides custom engineering services to top companies worldwide, helping them quickly create and deploy next-generation Internet infrastructure solutions, including appliances, hand-helds and other post-PC and deeply embedded devices.

About Red Hat, Inc.

Founded in 1994, Red Hat (NASDAQ:RHAT), is the leading provider of open source Internet infrastructure solutions, ranging from small embedded devices to high availability clusters and Web serving. Red Hat applies its technological leadership to create open source solutions for Internet infrastructure and post-PC environments, offers services backed by the best understanding of open source and the most comprehensive resources, delivers the brand of a widely trusted open source leader and corporate partner, and persists in an indelible commitment to the virtues of open source to lead a revolution in the computing industry. Red Hat is based in Research Triangle Park, N.C. and has offices worldwide.
Visit Red Hat on the Web at www.redhat.com. For investor inquiries, contact Lippert/Heilshorn at (212) 838-3777.

About Iomega

Iomega Corporation (NYSE:IOM) manufactures and markets the award-winning Zip(R), Jaz(R) and Clik!(TM) 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 helping protect 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.

Special note:

Statements contained in this release relating to Iomega's plans to develop and/or support the software platforms mentioned in this release and the expected availability and functionality of these new products are forward-looking statements. There are a number of important factors that could cause actual events to differ materially from those indicated by such forward-looking statements, including market acceptance of, and demand for, these new products and Iomega's existing products, manufacturing issues, including component availability and pricing, development and distribution issues, product pricing and conformity to specifications, competition, intellectual property rights and other risks as identified in 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, 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.