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

FOR IMMEDIATE RELEASE

ROY, Utah--(BUSINESS WIRE)--May 26, 2000-- Limited-Time Offer Is Part of Iomega's 20th Birthday Celebration and Gives Customers Opportunity to Simultaneously Save Data and Cash Iomega Corporation (NYSE:IOM), a global leader in data management solutions, announced today that beginning on May 28 it will offer several instant rebate options on Zip(R) drives and Zip disks. The limited-time offer continues Iomega's celebration of 20 years as a member of the high-tech business community. Iomega's data management solutions, which include the Zip(R) drive, allow users to save, share and manage important data files such as spreadsheets, slides and audio files. In addition, information saved on removable Zip(R) disks is protected, safe from the increasing threat of computer hackers and viruses, which can invade one's privacy by accessing sensitive information, deleting crucial files and even causing widespread system failure. Furthermore, when used in tandem with Iomega's Quik Sync software, Zip drives provide information backup that is secure, automatic and practically effortless. Customers purchasing the following Zip(R) products between May 28, 2000 and July 5, 2000 will receive the following instant rebates: -- $50 on purchase of Zip(R) 250USB drive and 4-pack of 250MB disks -- $50 on purchase of 8-pack of Zip 250MB disks -- $40 on purchase of Zip 250 Parallel Port, SCSI or ATAPI drive, and 4-pack of Zip 250MB disks -- $30 on purchase of 4-pack of Zip 250MB disks -- $20 on purchase of 10-pack of Zip 100MB disks Customers purchasing the above disk and drive bundles or disk-only packages will receive the instant rebate whether the purchase is made from a retailer or directly from Iomega at www.iomegadirect.com. "We regard Iomega's 20th birthday as a significant milestone and a cause for celebration," said Herbert Scales, executive vice president, sales, Iomega Corporation. "By offering our customers instant rebates on our popular Zip product line, we are giving individuals and businesses, whether first time buyers or seasoned Iomega customers, incentive to purchase Zip drives and disks for the protection of their valuable data. The combination of value and security should give our customers an additional reason to celebrate our birthday with us." For more information, visit iomega.com, iomegapromos.com or your local participating retailer. About Zip(R) drives and disks Iomega Zip(R) drives and genuine 100MB and 250MB disks offer an easy-to-use solution for consumers to save, protect and share information on their computers. Fast enough to run business and multimedia applications, the Zip drive brings a new level of performance to today's powerful personal computers. The Zip 250 drive also reads and writes to Zip 100MB disks, ensuring that current customers who use the Zip 250MB drive still have the ability to share information with family, friends and colleagues. Iomega Zip drives and disks are available worldwide through retailers, OEMs, VARs, system integrators, distributors and direct at www.iomegadirect.com. 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 protecting that information 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, Zip 100, Zip 250, 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. CONTACT: Iomega Corporation, Roy Adam Anderson, 801/332-4522 (Media) andersad@iomega.com Chris Romoser, 801/332-3678 (Media) romoser@iomega.com James Recob, 801/332-4430 (Investors) recob@iomega.com