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

FOR IMMEDIATE RELEASE

Iomega Unveils Lifeworks Journal And File Cabinet Software

New Portable Software Applications For Today's Zip Drive Users

ROY, Utah, June 22, 2001 - Iomega Corporation (NYSE:IOM), a global leader in reliable portable data storage, today announced two new Iomega® LifeWorksTM portable software titles, LifeWorks Journal and LifeWorks File Cabinet. Powered by Iomega's Active Disk technology, these portable applications run entirely from Zip® disks and leave no trace on the host computer.

LifeWorks Journal software is today's digital diary, allowing users to record daily events on a password-protected Zip disk. Digital images and voice messages can be inserted in the text, and a search engine easily locates specific entries. Users can change the appearance of the journal's pages and chart happiness and health levels over time with a mood tracker.

LifeWorks File Cabinet software makes it easy to scan paper documents and organize electronic files of any type. Users simply drag files into drawers and folders of their digital file cabinet. Related documents can be 'stapled' together, moved as a group and printed with a single click. The scanning feature reduces bills and other paper clutter to a single disk.

"By automatically launching from a Zip disk, Active Disk enabled software can be carried to an office or a friend's house where the owner normally wouldn't have access to his or her personal software," said Werner Heid, president and CEO, Iomega Corporation. "Truly portable software applications are a unique benefit of the Zip platform and add value to a product that is already trusted by millions of people for durable and reliable data storage."

The new titles join LifeWorks Photo Album software and Active Disk enabled shareware titles. The shareware titles are available for free download at http://www.iomega.com/clubiomega/activedisk.html. Iomega LifeWorks Journal and LifeWorks File Cabinet software titles are expected to be available in July 2001 for $29.95 (U.S.) per title. For more information, visit http://www.iomega.com.

About Iomega
Iomega Corporation (NYSE:IOM) manufactures and markets the award-winning Zip®, Jaz®, PocketZipTM and Peerless 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, CompactFlashTM and SmartMediaTM memory cards, DataSafeTM network attached storage servers and the Iomega MicrodriveTM miniature hard drive. 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 and distribution of the Iomega LifeWorks software titles, anticipated product pricing and availability, expected product performance and specifications, future applications for the new product 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, Zip disks and LifeWorks Journal and LifeWorks File Cabinet software capability, 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, 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, 2000, 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, Peerless, HipZip, FotoShow, Predator, QuikSync, DataSafe and LifeWorks are either registered trademarks or trademarks of Iomega Corporation in the United States and/or other countries. Microdrive is a trademark of IBM Corporation and is used with permission. Certain other product names, brand names and company names may be trademarks or designations of their respective owners.