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

For Immediate Release

Iomega Launches Comprehensive Service Programs For Network Attached Storage Customers

SAN DIEGO, November 6, 2002 - Iomega Corporation(NYSE: IOM), a global leader in data storage, announced today the introduction of Gold and Gold Plus service plans for its network attached storage (NAS) customers. The company launched these new services in conjunction with the debut of its newest NAS product, the Iomega NAS P415.

Iomega NAS products come with a limited warranty of one, two, or three years, depending upon the model. The Gold and Gold Plus service plans extend the limited warranty to three years for models with a one or two-year limited warranty. In addition, the Gold plan offers one year of onsite, next-business-day repair coverage. The Gold Plus service plan includes three years of onsite, next-business-day repair coverage.

Both service plans incorporate 24x7 phone and email technical support services, as well as Iomega's award-winning Web-based customer support, which features 24x7 one-on-one "live chat".

"With solid products and dependable NAS technical support services, Iomega is delivering a total solution to our NAS customers, reinforcing our promise of easy to use and easy to maintain solutions," said Mike Nikzad, director, worldwide customer satisfaction, Iomega Corporation. "Many of our customers are small and medium-sized business owners who are managing several critical job responsibilities. Having a reliable service plan that reduces the total cost of ownership is a critical factor in their decision to purchase a storage solution."

Iomega NAS Product Features
The Iomega NAS P415, with a capacity of 720GB, is available in both UNIX versions and as Windows® Powered units that give customers the choice of high-performance Gigabit Ethernet or SCSI backup options. The NAS P415 ships with 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.

Price and 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 each have a suggested retail price of $5,999. (Pricing is U.S. only.) All three products are available for shipment this week. Iomega's total line of NAS products range in storage capacity sizes from 160GB to 720GB.

The Gold service plan is standard with the Iomega NAS P415, and is available as an option with the Iomega P400, P405 and P410 series. The Gold Plus service plan is an option on the full line of Iomega NAS servers. Gold service plans start at $799, and gold Plus service plans start at $899. (All pricing is U.S. only.) Eligibility and complete pricing information is available at 1-888-4IOMEGA.

Iomega Gold and Gold Plus service plans are available in most locations in North America and Europe, and in select Asia-Pacific countries, Australia, and New Zealand. Please visit 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.

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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.