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

FOR IMMEDIATE RELEASE

ROY, Utah, February 12, 2001 - Iomega Corporation (NYSE: IOM), a global leader in data management solutions, today announced that LifeWorksTM Photo Album software powered with Active Disk technology is now shipping in English. LifeWorks Photo Album, the first of many titles in the LifeWorks portfolio, enables digital photography users to organize, edit and share images using Iomega software technology that runs completely from a Zip® disk.

Iomega LifeWorks Photo Album software lets digital camera owners easily print photos and scrapbooks, create slideshows, e-mail images and share photo collections with friends and family. Entire photo albums can be created, saved onto a new Zip disk, and with Active Disk technology's auto-play capability, automatically played on any other Zip-enabled PC. LifeWorks Photo Album disks function much like traditional photo albums; hundreds of precious digital memories can be accessed easily. Archiving images on disks keeps photos organized and safe from viruses and system malfunctions.

"Iomega's LifeWorks Photo Album answers a direct need of novice digital camera users: easy photo printing and sharing from any Windows PC equipped with a Zip drive," said Germaine Ward, vice president software solutions, Iomega Corporation. "Because LifeWorks Photo Album software is so portable, Iomega is capitalizing on a growing market while further expanding the utility of the Zip platform."

In 2001, Iomega plans to include Active Disk technology in an additional 5 to 10 lifestyle and personal productivity software applications.

Iomega's new LifeWorks Photo Album software package includes LifeWorks Photo Album software on a Zip 100MB disk, Active Disk Technology, and an additional blank Zip 100MB disk for $29.95 (U.S. estimated retail price). The software bundle is expected on retail shelves by the end of February 2001. LifeWorks Photo Album is also currently available for purchase and download at www.iomegadirect.com.

Active Disk Technology
Iomega's Active Disk technology allows users to bypass the often-cumbersome install and uninstall process because the software resides completely on a Zip disk. Active Disk applications automatically configure and launch once the disk is inserted into a PC, but don't clutter the hard drive or leave any changes in the Windows configuration when the disk is removed. They are designed to automatically save and close when the user hits the eject button, leaving no trace of the application on the hard drive.

Intuit's Quicken® TurboTax® for tax year 2000 is currently available with Active Disk technology. Users can easily self-prepare, file a tax return and, with Active Disk technology, the tax return data file resides on the Iomega Zip disks together with the TurboTax application files. Active Disk technology is another innovation made possible by the Zip platform, with over 40 million drives and 250 million disks shipped to date.

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, and Iomega QuikSyncTM 2 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 and distribution of LifeWorks Photo Album, anticipated product pricing and availability, expected shipment date, product performance and specifications, future applications for the LifeWorks Software line 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, the LifeWorks Photo Album product and Zip 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, 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, and LifeWorks are either registered trademarks or trademarks of Iomega Corporation in the United States and/or other countries. Intuit, Quicken and TurboTax are either trademarks or registered trademarks of Intuit, Inc. in the United States and/or other countries. Microdrive is a trademark of IBM Corporation and is used with permission.