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

FOR IMMEDIATE RELEASE

IOMEGA ANNOUNCES
NEW PORTABLE AND EXTERNAL HARD DRIVE PRODUCT LINES

Sleek New Hard Drives Offer 20GB to 120GB of Storage Capacity

SAN DIEGO, April 8, 2002 - Iomega Corporation (NYSE: IOM), a global leader in reliable portable data storage, today introduced two new lines of rugged external hard drives designed to make security, recovery and data storage easy: the sleek new Iomega® HDD Portable Hard Drive in 20GB and 30GB capacities, and the high-capacity Iomega® HDD External Hard Drive in 40GB, 80GB, and 120GB capacities.

"Iomega is delivering the power that professionals and advanced home users need for whole-system backups, easy system recovery, and convenient data storage and protection," said Tim Dammon, product general manager, Iomega Corporation. "Our customers want flexibility and convenience in a product that not only travels well between computer systems, but also has the added bonus of moving easily between USB-based systems and FireWire-based systems. Iomega's new portable and external hard drives are the next generation in terms of data security and hard drive throughput for mobile users and others with growing storage needs."

Iomega's new drives for Windows® and Macintosh® users are hot-swappable and plug-and-play, which gives users the convenience of connecting the peripheral to a desktop or laptop computer without rebooting or having to install the device. With an optional interface module, Iomega's new hard drives can be switched between high-bandwidth USB 2.0 and FireWire® interfaces. Actual user transfer rates as high as 21MB per second (Portable Hard Drive) make the new drive platforms practical and affordable for editing video and image files, developing business presentations and working with large data sets.

Iomega® QuikSync™ software, which provides automatic on-the-fly backup, is included with both the Iomega HDD Portable Hard Drive and the Iomega HDD External Hard Drive. Disaster recovery software to back up and retrieve data, system files and registry information is also provided with both products. Iomega's easy-to-use software, which distinguishes Iomega's new hard drive product lines from other portable hard drives, provides for easy, fast recovery of data loss from virus attacks, hackers, power interruption and accidental file deletion.

The Iomega HDD Portable Hard Drive, now available at retail, builds on the ground-breaking Iomega® Peerless™ drive. Weighing only eight ounces (231g) in capacities of 20GB or 30GB, the Iomega HDD Portable Hard Drive's sleek design and detachable interface module combine high shock resistance with a mobile hard drive that is slim enough to fit in most shirt pockets and any laptop bag. The Iomega HDD Portable Hard Drive is rugged enough to withstand a drop from a 50-inch high shelf to industrial carpet - up to five times the drop height of other portable hard drives on the market today.

The Iomega HDD External Hard Drive, expected to ship in May, gives the desktop user 40GB, 80GB, or 120GB of reliable storage. Each drive works with a USB 2.0 (backwards compatible with USB 1.1) or FireWire interface integrated into the cable. The Iomega HDD External Hard Drive also incorporates the same sleek style as the Iomega HDD Portable Hard Drive in a slightly taller profile (1.25" versus 0.75"). Like the Iomega HDD Portable Hard Drive, the Iomega HDD External Hard Drive's software package includes Iomega QuikSync software for automatic, on-the-fly backup and disaster recovery software developed by Iomega.

Pricing And Availability
The Iomega HDD Portable Hard Drive is available today. Configurations include the Iomega HDD 20GB USB 2.0 Portable Hard Drive with a suggested list price of $199; the Iomega HDD 20GB FireWire Portable Hard Drive, $229; the Iomega HDD 30GB USB 2.0 Portable Hard Drive, $259; and the Iomega HDD 30GB FireWire Portable Hard Drive, $279. To allow the same drive to be used between computer systems utilizing different interfaces, optional USB and FireWire interfaces with cables will be available in late May.

The Iomega HDD External Hard Drive is expected to be available in May 2002. Configurations include the Iomega HDD 40GB USB 2.0 External Hard Drive with a suggested list price of $199; the Iomega HDD 80GB USB 2.0 External Hard Drive, $299; and the Iomega HDD 120GB USB 2.0 External Hard Drive, $349. FireWire configurations of the Iomega HDD 80GB External Hard Drive and the Iomega HDD 120GB External Hard Drive will be available for $329 and $379, respectively. Optional USB and FireWire interface cables will be available in June.

About Iomega
Iomega Corporation is a global solution provider of data protection technologies, products and services. 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 work group networks and small and medium-sized businesses, Iomega's new line of NAS servers offers capacities of 120GB to 480GB. 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, 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, DataSafe, QuikSync, HotBurn 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.