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

For Immediate Release

Iomega Now Shipping New Portable and Desktop Hard Drives
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Dual Interface Design Gives Computer Users Added Flexibility

SAN DIEGO, July 18, 2003 - Iomega Corporation (NYSE: IOM), a global leader in data storage, is now shipping two new external hard drives with a dual interface design that provides computer users with a high-capacity data storage and back-up solution that is both versatile and easy to use.

The Iomega® HDD 40GB Portable Hard Drive and the Iomega® HDD 120GB Desktop Hard Drive now feature compatibility for both USB 2.0 and FireWire , which makes switching between PC and MAC computers easy. Each drive includes two standard cable connections on the back of the drive, one Firewire cable connection and one USB 2.0 connection (backward compatible to USB 1.1). Both drives also ship with a USB and Firewire cable making out-of-the-box, plug-and-play storage possible.

For computer users that wish to switch between desktop or laptop computer systems or upgrade an old computer system, the dual interface drive provides more options than a typical external hard drive. The Iomega HDD 40GB Portable Hard Drive and the Iomega HDD 120GB Desktop Hard Drive also feature fast rotational speeds of up to 7200 rpm as well as transfer rates of up to 480 mb/s, which makes the transfer, backup or editing of video and other large files more efficient.

"This new product design gives users who value security and capacity the most comprehensive solution for backing up their computer's hard drive," said Sean Burke, vice president and general manager of Mobile and Desktop solutions, Iomega Corporation. "The dual interface allows the drives to be functional with multiple operating systems which give our customers more flexibility, while the backup and disaster recovery software we have included offers a total solution for trouble-free data back-up."

Backup and Disaster Recovery Software Included
Both Iomega HDD drives ship with Iomega Automatic Backup software for full system backups and Symantec® Norton Ghost® 2003 software for disaster recovery. With the included Norton Ghost 2003 software, users can capture an exact image of the PC's main hard drive, including all system files, settings and installed software. Between full-system backups, Iomega Automatic Backup software keeps users protected. This proprietary Iomega software solution provides automatic incremental backups of designated directories. Iomega Automatic Backup Software also lets users create multiple backup configurations, set scheduled backups as needed, exclude unwanted files (e.g., .tmp files) from their backups, maintain multiple file revisions and much more.

Availability
The new Iomega HDD 40GB Portable Hard Drive is available in the U.S., Canada and Latin America, and online at www.iomega.com and is priced at $279.99, and the Iomega HDD 120GB Desktop Hard Drive, which has a slightly larger form factor, is priced at $249.99 (prices are U.S. suggested retail). A 60GB portable version and 250GB desktop version of the dual interface design are expected to begin shipping in early August.

About Symantec Norton Ghost 2003
Symantec Norton Ghost 2003 is the personal/home office edition of Symantec Ghost Enterprise, the industry leading software for robust PC cloning. Norton Ghost 2003 allows users to restore or replace an entire hard drive without reinstalling the operating system and application software. Its intuitive interface makes it easy to create regular backups of a hard drive, and it lets users recover individual files quickly and safely.

About Iomega
Iomega Corporation provides easy-to-use, high value storage solutions to help people protect, secure, capture and share their digital information. Iomega’s award-winning storage products include the popular Zip® 100MB, 250MB and 750MB drives, high-performance Iomega® HDD Portable Hard Drives and Iomega® HDD Desktop Hard Drives, the Iomega® Mini USB Drive, Iomega® external CD-RW drives, DVD drives and the Iomega® Floppy USB-Powered Drive. 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 160GB to 1.4TB. For unlimited capacity and anytime, anywhere access, Iomega offers iStorage™, the secure online storage choice. Iomega also offers businesses and consumers a comprehensive data recovery services solution for recovering lost data due to hardware failure, file corruption or media damage. 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 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, 2002, and its most recent Quarterly Report on Form 10-Q.

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Copyright© 2003 Iomega Corporation. All rights reserved. Iomega, Zip, Active Disk, iStorage and HotBurn are either registered trademarks or trademarks of Iomega Corporation in the United States and/or other countries. FireWire and MAC are registered trademarks of Apple Computer, Inc. Symantec and Ghost are registered trademarks of Symantec Corporation. Certain other product names, brand names and company names may be trademarks or designations of their respective owners.