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

FOR IMMEDIATE RELEASE

Iomega's Zip 100MB USB Drive Delivers Style, Ease of Use and Compatibility
For Under $100

ROY, Utah, October 2, 2000 - Iomega Corporation (NYSE:IOM), a global leader in data management solutions, today announced shipment of its redesigned Zip(r) 100MB Universal Serial Bus (USB) drive. In tandem with the updated design, the new Zip 100MB USB drive comes with the latest OS support for Microsoft(r) Windows(r) Me/95/98/NT 4.0 and 2000, as well as Mac OS 8.5.1 through 9.0.4. The new Zip 100MB USB drive is available at an estimated street price of $99.95 (U.S.).

The Zip(r) 100MB USB drive is hot-swappable, connecting quickly and easily to both PC and Macintosh(r) systems without rebooting. The drive is also compatible with millions of Zip 100MB disks shipped, and users can add virtually unlimited storage capacity with additional Zip 100MB disks.

The drive's low price and stylish design also make it a promising external storage solution for future Internet appliances and gaming consoles.

"The Zip 100MB USB drive shows Iomega's continued commitment to provide consumers with innovative, simple-to-use and cost-effective products," said Michael Ludgate, general manager, magnetic products, Iomega Corporation.

The redesigned Zip(r) 100MB USB drive is currently available at www.iomegadirect.com or through major distributors and resellers.

About Iomega
Iomega Corporation (NYSE:IOM) manufactures and markets the award-winning Zip(r), Jaz(r) and PocketZip(tm) drives and disks and markets Iomega 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 1-888-4 IOMEGA (1-888-446-6342), or on the Web at http://www.iomega.com.

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Copyright (c) 2000 Iomega Corporation. Iomega, Zip, Jaz, and PocketZip 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.