Analyst/Investors, please contact:
Barry Zwarenstein, Iomega Corporation, (858) 795-7188

For Immediate Release

Iomega Launches New Mini USB Drive
****
Key-Sized Drive Debuts At Comdex Fall 2002 Show in Las Vegas

SAN DIEGO, Nov. 14, 2002 – Iomega Corporation (NYSE: IOM), a global leader in portable data storage, today announced the introduction of the new IomegaŽ Mini USB Drive, the ideal accessory drive for mobile users in business, home and educational settings.

Convenience, Security and Portability
The sleek, key-sized device, initially available in 64MB and 128MB capacities, combines featherweight convenience with Iomega’s Active Disk technology to give users the ultimate in software portability. It also provides password-protected, reliable storage for transferring data between computers. The new Iomega Mini USB Drive will be on display for the first time at the Iomega booth at the Comdex Fall 2002 technology trade show in Las Vegas, beginning Monday, November 18.

“Mobile professionals want more out of their storage devices,” said Michael Johnson, product general manager, sourced products, Iomega Corporation. “The Iomega Mini USB Drive sets a new benchmark for security in small, handheld drives by enabling the user to safely carry data and software applications between computers with nothing more than a drive the size of a car key. The security and simplicity of the Iomega Mini USB Drive is going to be a real plus for mobile users everywhere.”

Hardware and Software Features
The Iomega Mini USB Drive provides key-sized solid-state storage and complete freedom from cables, adapters, power supplies or batteries required by other solutions. To use the drive, the user just uncaps it and attaches it to an available USB or Hi-Speed USB (USB 2.0) port. The Iomega Mini USB Drive is automatically recognized as an external drive in Windows 2000, Me, and XP and Mac OS 9.x and up (Windows 98 and Mac OS 8.6 systems require driver installation, which is easily downloadable).
Featherweight yet rugged at 0.7 ounces (20gm), the Iomega Mini USB Drive features low power consumption and a sliding key ring design that easily moves between the drive body and the cap according to user preference. This design feature offers improved security; users can keep the key ring with the drive when traveling and easily detach the key ring from the drive when it is connected to a PC.

Active Disk Technology
The Iomega Mini USB Drive includes Iomega’s patented Active Disk technology. Software powered by Iomega’s patented Active Disk technology is designed to launch automatically when the drive is connected to any supported PC (the Active Disk driver itself is a one-time installation). Software and data reside together on the Mini USB drive, require no separate installation on the host PC, and leave no trace after the drive is disconnected. Over 80 Active Disk applications are already available as downloads from the Iomega Web site, including such software titles as Microsoft® Reader, Microsoft® Power Point Viewer, MusicMatch® Jukebox and PopCap Bejeweled.
Additional Windows software features include Iomega’s Mini Lock software, which gives the user the ability to password-protect some or all of the drive, and Iomega’s Mini Control Panel software to conveniently view and manage data on a pop-up desktop user interface.

Compatibility
The Iomega Mini USB Drive is compatible with Windows 98SE, 2000, Me, XP, and Mac OS 8.6 and above (driver required for Win 98, 98SE, Mac OS 8.6), and Linux 2.4.1. The drive is Hi-Speed USB compatible and features 1MB/sec read/write performance. Active Disk technology requires the one-time installation of an Active Disk driver on the host PC, which is performed automatically on the first use of an Active Disk title..

Availability
Both the Iomega Mini 64MB USB Drive ($69.95) and the Iomega Mini 128MB USB Drive ($99.95) will be available in the U.S. beginning Nov. 18 at the Iomega online store at www.iomega.com. Iomega anticipates worldwide availability of the Iomega Mini USB Drives beginning in January 2003. (All pricing is U.S. only.)

A 256MB capacity version of the Iomega Mini USB Drive will be available in the U.S. in the first quarter of 2003.

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, Iomega® external CD-RW drives, and the new Iomega® Mini USB Drives. Iomega simplifies data protection and sharing at home and in the workplace with Iomega® Automatic Backup software, Iomega Sync software, HotBurn® CD-recording software, and Active Disk™ technology. For networks, Iomega® NAS servers offer capacities of 120GB to 720GB. 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, 2001, and its most recent Quarterly Report on Form 10-Q

# # #

Copyright© 2002 Iomega Corporation. All rights reserved. Iomega, Zip, Predator, HotBurn and Active Disk are either registered trademarks or trademarks of Iomega Corporation in the United States and/or other countries. Microsoft and Windows are registered trademarks of Microsoft 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.