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

FOR IMMEDIATE RELEASE

New Iomega Predator Drive Burns CDs Up To Six Times Faster
Than USB 1.1 CD-RW Drives

SAN DIEGO, January 21, 2002- Iomega Corporation (NYSE: IOM), a global leader in reliable portable data storage, today announced that the new Iomega® Predator™ 24x10x40 USB 2.0 CD-RW drive is now available for retail and enterprise sales. Providing high performance, appealing industrial design, and unmatched ease of use, Iomega's new Predator CD-RW drive gives PC users a valuable new tool for capturing and sharing digital content.
As the performance leader in the Iomega CD-RW family, the external Predator 24x10x40 drive offers amazing CD-burning speed and ease of use. It exploits the high transfer rate of the USB 2.0 Hi-Speed interface-480 Mbps (megabits per second), or 40 times USB 1.1-to deliver superb speed with any suitably equipped computer. Burning a 60-minute CD-R with the new Predator drive takes less than four minutes; previous-generation USB 1.1 drives take about six times longer.

Included with the new Predator CD-RW drive is HotBurn™, Iomega's breakthrough CD-RW recording software program for PCs. HotBurn software makes most CD-burning tasks faster and simpler, allowing users of all ability levels to create a CD in just two easy steps. Research conducted by Iomega indicates that CD-RW users prefer HotBurn to other CD burning software programs.

The new Predator USB 2.0 drive is fully backwards compatible with USB 1.1, for operation at the lower USB 1.1 transfer rate of 12 Mbps practically anywhere there is a USB-equipped computer. And, with built-in buffer under-run protection, Iomega's Predator drive lets users confidently burn CDs even when they are using their computer for other tasks.

"Iomega's CD-RW drives have always combined performance, style, and ease of use," said Werner Heid, president and CEO, Iomega Corporation. "The new Predator USB 2.0 drive builds on the revolutionary look of the first-generation Predator, and with USB 2.0 capability added, the new Predator drive delivers its full potential for fast recording. The Predator USB 2.0 CD-RW drive with Iomega HotBurn software is going to make a lot of music lovers very happy."

Iomega's Predator 24x10x40 USB 2.0 CD-RW drive ($229.95 U.S. estimated retail price before rebates) is available now with Iomega HotBurn™ software at retail and in catalog, and will be available later this month online at www.iomega.com.

About Iomega CD-RW Drives
Since 1999, Iomega-branded CD-RW drives have been helping consumers manage their music and data. Current optical drive offerings include the Iomega 16x10x40 CD-RW Drive with USB 2.0 Hi-Speed interface and the new Predator™ 24x10x40 CD-RW Drive with USB 2.0 Hi-Speed interface.

All Iomega CD-RW drives are bundled with Iomega® HotBurn™ software, the powerful new tool for users of all experience levels. HotBurn software performs most CD creation tasks faster than other industry software recording products, has a slick console interface with replaceable skins, and supports the advanced features of today's CD-RW drives.

About Iomega
Iomega Corporation is a global leader in reliable portable data storage. Iomega's award-winning storage products include the popular Zip® 100MB and 250MB drives, the high-performance Peerless™ drive system with 10GB and 20GB disks, and external CD-RW drives. Iomega QuikSync™ automatic backup software and HotBurn™ CD-recording software simplify data protection and sharing at home and in the workplace. For networks, Iomega markets DataSafe™ mid-range NAS servers. Iomega products help people capture, share, protect and secure their digital valuables. 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 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, 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, Peerless, Predator, QuikSync, DataSafe and LifeWorks 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.