Analyst/Investors, please contact:
Barry Zwarenstein, Iomega Corporation, (858) 795-7190

For Immediate Release

Iomega Offers Small and Medium-Sized Businesses Bigger Storage Options for the Back Office

SAN DIEGO, November 6, 2002 - Iomega Corporation(NYSE: IOM), a global leader in data storage, today launched the Iomega® NAS P415 in both Microsoft and UNIX versions, adding a 720GB NAS (Network Attached Storage) server to its family of NAS products. Designed for the growing storage needs of small and medium-sized businesses and enterprise workgroups, the NAS P415 offers easy installation and seamless support of multiple network environments and file protocols. In addition, Windows® Powered units give users the choice of high-performance Gigabit Ethernet or SCSI backup options.

"Whether it's a small office or an enterprise workgroup, one of the biggest IT challenges today is managing and storing the exponential growth of data," said Akshay Gupta, product general manager, back office products, Iomega Corporation. "Iomega not only designs NAS products to be flexible and easy to use, but also to be cost-effective solutions for organizing and protecting critical data while keeping an eye on the bottom line. The new Iomega NAS P415 models deliver high-end features at dramatically lower costs."

Zane Adam, director of product management and marketing, Microsoft Enterprise Storage Division, said, "Iomega has a history of offering reliable and easy to use products. With Windows Powered NAS, Iomega now provides a powerful solution for small and medium businesses. Offering simplicity of deployment and management, Windows Powered NAS provides these organizations with a highly reliable solution that can be up and running within 15 minutes. Businesses can also take advantage of the powerful features of Windows Powered NAS to simplify network configuration, management and security, enabling them to accomplish more with fewer resources."

Features
The NAS P415 ships with the new Iomega Automatic Backup software, a data protection program that automates designated file backups. Hardware features include a 1 GHz Intel® Pentium® III processor; hot-swappable 180 GB ATA hard drives; RAID 0, 1, and 5; and dual 10/100 Ethernet ports. Iomega NAS P415m servers add a choice of SCSI or Gigabit Ethernet configurations.

Iomega NAS servers powered by Microsoft® Windows® 2000 Advanced Server operating system also feature support for Distributed file system service (Dfs), which simplifies linking additional Iomega NAS servers to the same network; Active DirectoryTM services (ADS), which simplify the management of users, servers and policies; Persistent Storage Manager (PSM), a network data protection program; and File Replication service (FRS).

Ease of Use
"This class of NAS box attacks the fastest growing segment of the entire mid-market," said Steve Duplessie, Senior Analyst, The Enterprise Storage Group. "A product with this density, simplicity, and price can't help but win. All this combined with Iomega's channel sounds like a killer combination to me."

All Iomega NAS servers simplify the process of adding network capacity and help reduce downtime. They allow network managers to consolidate data from platform-specific servers across the network into one easy-to-maintain device.

Technical Support & Warranty
The NAS P415 comes standard with Iomega's NAS Gold service plan with the option to purchase the Gold Plus service plan. In addition to Iomega's standard service of phone, e-mail and award-winning Web support, the Gold program offers 24x7 technical support, a three-year warranty and one year of next-business-day onsite service. The Gold Plus service plan features 24x7 technical support, a three-year warranty and three years of next-business-day onsite service.

Availability
The Iomega NAS P415u has a suggested retail price of $5,499; the Iomega NAS P415m and the Iomega NAS P415m with gigabit Ethernet support have a suggested retail price of $5,999. All three products are available for shipment this week. All prices are U.S. only.

Iomega Gold and Gold Plus on-site service is available in most locations in North America and Europe, and is also available in select Asia-Pacific countries, Australia, and New Zealand. Please see the Iomega Web site for specific coverage details.

About Iomega
Iomega Corporation provides easy-to-use, high value storage solutions to help people protect, secure, capture and share their digital valuables. Iomega's award-winning storage products include the popular Zip® 100MB, 250MB and 750MB drives, high-performance Iomega® HDD portable hard drives that feature capacities from 20GB to 30GB, Iomega® HDD desktop hard drives that offer capacities from 40GB to 120GB, and Iomega® external CD-RW drives. Iomega simplifies data protection and sharing at home and in the workplace with Iomega® Automatic Backup software, Iomega® Sync software, Iomega HotBurn® CD-recording software, and Active Disk™ technology. For networks, Iomega NAS servers offer capacities of 120GB to 480GB. The Company can be reached at 1-888-4-IOMEGA (888-446-6342), or on the Web at www.iomega.com.

NOTE: The statements contained in this release regarding development, production and distribution of the Iomega product, 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, the Iomega product, 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, personnel changes at either suppliers, distributors, or Iomega, 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, 2001, and its most recent Quarterly Report on Form 10-Q.

###

Copyright© 2002 Iomega Corporation. All rights reserved. Iomega, Zip, Peerless, Predator, QuikSync, HotBurn, LifeWorks and ioLink 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.