Analyst/Investors, please contact:
Barry Zwarenstein, Iomega Corporation, (801) 332-3585

For Immediate Release

Iomega Ships New External CD-RW 40x12x48 FireWire Drive

SAN DIEGO, April 30, 2002- Iomega Corporation (NYSE: IOM), a global leader in reliable portable data storage, today announced the U.S. arrival of the new Iomega® CD-RW 40x12x48 FireWire® drive for retail and enterprise sales. Combining the high performance of native FireWire (IEEE 1394) with appealing external design and great software, Iomega's new CD-RW drive makes capturing and sharing music, photos, and other digital content fast and easy.

"Iomega CD-RW drives have become the leading external CD-RW drives on the market today because they deliver performance, style, and ease of use," said Werner Heid, president and CEO, Iomega Corporation. "Customers know they can expect a reliable and well designed product from Iomega, and we are constantly striving to improve the overall user experience. This new FireWire drive, bundled with our proprietary Iomega HotBurn software, is perhaps the best package yet for performance-oriented use."

As Iomega's new performance leader in CD-RW, the external Iomega CD-RW 40x12x48 FireWire drive offers amazing CD-burning speed and simplicity. With a rated DAE (digital audio extraction) speed of 32x, ripping or burning a 60-minute CD-R with the new Iomega CD-RW drive takes only about three minutes. Built-in buffer under-run protection lets users confidently burn CDs even when they are using their computer for other tasks.

Included with the new Iomega CD-RW drive is Iomega® HotBurn™ Pro software (PC) and HotBurn™ software (Mac® OS). HotBurn software's simple and powerful console interface helps users complete most CD-burning tasks in just two easy steps. HotBurn software also complements the basic CD-RW support in Windows XP, adding true drag-and-drop file recording, an integrated console interface, integrated CD copying and CD imaging functions, compilation creation, and a jewel case and CD cover editor. HotBurn™ Pro software for Windows adds a graphical audio layout editor; pop, click and hiss removal filters; bootable CD creation; and an advanced data manager for full control over file system and multi-session recording options. Additional bundled software includes Adobe® ActiveShare™ and MUSICMATCH® Jukebox.

The Iomega® CD-RW 40x12x48 FireWire drive ($299.95 U.S. estimated retail price before rebate/mail-in offer) with Iomega® HotBurn™ software is available now at retail, distribution, in catalog, and online at www.iomegadirect.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 CD-RW 16x10x40 USB 2.0 drive, the Predator™ CD-RW 24x10x40 USB 2.0 drive, and the new Iomega CD-RW 40x12x48 FireWire drive. All Iomega CD-RW drives are bundled with Iomega® HotBurn™ software.

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 storage solutions include the popular Zip® 100MB and 250MB drives, high performance portable hard drives that feature capacities from 10GB to 30GB, external hard drives that will offer capacities from 40GB to 120GB, 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's new line of NAS servers offers capacities of 120GB to 480GB. 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.