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

For Immediate Release

New Iomega® HDD 60GB Portable Hard Drive Now Shipping
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Capacity, Software and Performance For Easy Full-System Backups

SAN DIEGO, January 6, 2003 - Iomega Corporation (NYSE: IOM), a global leader in portable data storage, today released the new Iomega® HDD 60GB Portable Hard Drive, an easily transportable drive for mobile users that includes software designed for worry-free protection of both applications and data.

The new Iomega HDD 60GB Portable Hard Drive, which will be on display this week at the Macworld Conference & Expo in San Francisco, includes the unbeatable combination of Symantec Norton Ghost 2003 software--for full-system disaster recovery--and Iomega® Automatic Backup software--for on-the-fly incremental backups. The combination gives users a sleek, dependable external hard drive that is also an integrated high-speed storage solution for protecting their entire computing environment in one convenient package.

"External hard drives have exploded into an exciting storage category in recent months because low-cost external drives can extend the life of a personal computer and vastly improve the computing experience," said Michael Johnson, general manager, optical and sourced products, Iomega Corporation. "The new Iomega HDD 60GB Portable Hard Drive gives users the space they need for everything from editing digital video clips to capturing and holding a disk image of their internal hard drive."

Hardware
The new Iomega HDD 60GB Portable Hard Drive is a sleek, portable device about the size and shape of a PDA (drive only; dimensions when attached to interface are 7.5"x3.5"x0.7"). Weighing about 8 oz. (231 g), the 4200RPM drive is available in either Hi-Speed USB (USB 2.0, backwards compatible with USB 1.1) or FireWire® configurations and the interfaces are easily swappable so that the drive can be used with different operating systems.

Software
With the included Norton Ghost 2003, a $70 value, users of Iomega external hard drives can capture an exact image of the PC's main hard drive, including all system files, settings and installed software. Should disaster strike, the disk image is simply copied back to the replacement drive-no tedious reinstallation and reconfiguration of software, no Internet downloads of software updates and patches, just an uneventful return to a functional personal computer.

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 up 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 60GB Portable Hard Drive, shipping now, is available in the U.S., Canada and Latin America, and online at www.iomega.com. Pricing with included Hi-Speed USB interface (USB 2.0) is $379.95, and with FireWire® interface is $399.95 (prices are U.S. suggested retail).

About Iomega HDD External Hard Drives
The Iomega HDD Portable Hard Drive gives the mobile user 20GB to 60GB of storage capacity in a sleek eight-ounce (231g) package, and is equipped with either a USB 2.0 (backwards compatible with USB 1.1) or FireWire® interface module (additional interface modules sold separately). For desktop users, the Iomega HDD Desktop Hard Drive offers 40GB, 80GB, or 120GB of rugged, reliable storage in a slightly larger form factor; it too lets users swap between USB 2.0 (backwards compatible with USB 1.1) and FireWire interfaces with optional cable-integrated interfaces. Both drives feature Iomega Automatic Backup software for on-the-fly backups along with Symantec Norton Ghost 2003 software for disaster recovery.

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 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 60GB, Iomega® HDD Desktop Hard Drives that offer capacities from 40GB to 120GB, the new Iomega® Mini USB Drive, 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, HotBurn® CD-recording software, and Active Disk™ technology. For networks, Iomega® NAS servers offer capacities of 120GB to 720GB. 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 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© 2003 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.