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

FOR IMMEDIATE RELEASE

Leader in Data Management Solutions Building on No. 2 Position in U.S.
After-Market CD-RW Sales

ROY, Utah, February 21, 2001 - Iomega Corporation (NYSE: IOM), a global leader in data management solutions, today announced that worldwide shipments of its CD-RW drives now exceed one million units. From its entry into the CD-RW market just 18 months ago, Iomega has risen to the No. 2 position in U.S. after-market sales of CD-RW drives.

"Iomega introduced its CD-RW drives into a crowded, rapidly growing market segment," said Doug Collier, senior vice president, marketing and product management, Iomega Corporation. "Rising to No. 2 in U.S. retail sales and hitting the million drive mark are exciting accomplishments and are a tribute to the power of the Iomega brand. Our strong history of delivering quality storage solutions is enabling Iomega to expand its product mix and continue providing customers with value-added storage solutions."

The latest addition to the Iomega CD-RW family is the award-winning PredatorTM 4x4x6x USB external drive (8x4x32x with FireWire® interface when available). Iomega's Predator CD-RW breaks the mold of traditionally heavy, brick-like external drives with a design that is sleek, lightweight and stylish.

A leader in removable storage, Iomega began marketing CD-RW drives in August 1999. Since then, Iomega has expanded its storage product offering to include multiple solutions to meet the needs of a wider variety of customers. In addition to CD-RW, Iomega is also marketing the Iomega 340MB MicrodriveTM and will shortly begin to market the newly announced Iomega CompactFlashTM and SmartMediaTM cards in many capacities.

Iomega CD-RW drives complement Iomega's flagship Zip® technology, performing such tasks as burning music CDs and archiving digital content. By comparison, Iomega Zip products continue to be the most durable and easy-to-use solution for day-to-day management of important working data files.

Iomega CD-RW Drives
Four Iomega CD-RW drives are available worldwide, two internal drives compatible with any Windows® PC and two external drives compatible with both Windows and Macintosh®. Varying speeds meet the diverse needs of users; 12x10x32x (internal) with BURN-ProofTM technology; 8x4x32x (internal); 4x4x6x (external); and the new versatile PredatorTM 4x4x6x USB external drive (8x4x32x with FireWire interface when available). A robust software package (varying by drive) is included with each CD-RW: Adaptec® Easy CD CreatorTM and Direct CDTM, MusicMatch® JukeBox Plus, Adobe® ActiveShareTM, MGI PhotoSuite, and Iomega® QuikSyncTM 2 (30-day trial version). All Iomega CD-RW drives are available at iomegadirect.com and are supported by Iomega's award-winning customer service.

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 QuikSyncTM software; Iomega also markets Iomega CD-RW drives and Iomega MicrodriveTM. 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.

NOTE: The statements contained in this release regarding development, production, distribution or marketing of Iomega CompactFlash and SmartMedia cards and CD-RW FireWire interface and their availability and expected product performance and specifications, future applications for the new products and all other statements that are not purely historical, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All such forward-looking statements are based upon information available to Iomega as of the date hereof, and Iomega disclaims any intention or obligation to update any such forward-looking statements. Actual results could differ materially from current expectations. Factors that could cause or contribute to such differences include, but are not limited to, the successful completion of product development and testing, market acceptance of, and demand for, Iomega products, any difficulties encountered in ramping up production or other manufacturing issues, including component availability and pricing, co-development, production, and distribution issues, product pricing and conformity to specifications, dependence upon third party suppliers of CompactFlash, SmartMedia and FireWire, competition, intellectual property rights and other risks and uncertainties identified in the reports filed from time to time by Iomega with the U.S. Securities and Exchange Commission, including Iomega's Annual Report on Form 10-K for the year ended December 31, 1999, and its most recent Quarterly Report on Form 10-Q.

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Copyright© 2001 Iomega Corporation. All rights reserved. Iomega, Zip, Jaz, PocketZip, HipZip, FotoShow, QuikSync and LifeWorks are either registered trademarks or trademarks of Iomega Corporation in the United States and/or other countries. Windows is a registered trademark of Microsoft Corporation in the US and/or other countries. Macintosh and FireWire are either trademarks or registered trademarks of Apple Computer Inc. BURN-Proof technology is a trademark of SANYO Electronic Co., Ltd. MusicMatch is a trademark of MusicMatch, Inc. Adaptec Easy CD Creator and Direct CD are registered trademarks of Adaptec CD. Adobe and ActiveShare are trademarks or registered trademarks of Adobe Systems Inc. Microdrive is a trademark of IBM Corporation and is used with permission.