Media please contact:
Chris Romoser, Iomega Corporation, (858) 795-7148 romoser@iomega.com

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

For Immediate Release

Iomega Corporation Announces 30-Day Free Trial of Internet Storage with IomegaŽ iStorage Online

SAN DIEGO, May 29, 2003 - Iomega Corporation (NYSE: IOM), a global leader in data storage, is giving Internet users a free taste of online data security with a new 30-day free trial of Iomega® iStorage Online.

Iomega® iStorage Online is the fast, flexible new online storage system for Internet users, providing secure file access from any Internet connection. Internet users in the U.S. can now receive a free 30-day trial usage of 50MB of online storage from Iomega iStorage Online. Regular Iomega iStorage Online accounts start as low as $2.49 a month for 50MB of online storage, with two months free for purchasers of a 12-month annual subscription.

Iomega iStorage Online makes Web-based storage affordable, scalable and easy to use. Data stored online in client accounts is completely safe from the data disasters that can plague a typical workplace—problems like a computer breakdown, theft, virus attack or accidental erasure. User data is encrypted for security and stored in a redundant storage infrastructure with dedicated security processes and software, telco-grade disk drives, multiple tape backups, and offsite tape storage. iStorage Online also includes Whalemail™, which gives users the freedom to share large email attachments by sending a link to an iStorage Online file, rather than the file itself.

“Iomega iStorage Online has made Internet storage easy to use, easy to access and now easy to try with this new free trial offering,” said Susan Huberman, vice president, corporate marketing, Iomega Corporation. “With an Iomega iStorage Online account, your data can be backed up automatically and accessed from any Internet connection—great for when you’re on the road. Iomega iStorage Online is designed to provide anytime, anywhere access and offsite protection for your key files, making it an excellent complement to Iomega’s suite of storage solutions.”

Price and Availability
The Iomega iStorage Online trial offer is available to anyone in the U.S. with access to the Internet. Regular iStorage accounts range from $2.49 per month (50MB) to $17.95 per month (1GB), with 100MB, 250MB and 500MB capacities also available. Purchasers of 12-month annual subscriptions get two free months and a 30-day money back guarantee. For more information or to register for a free 30-day trial of 50MB of Iomega iStorage Online, please go to www.iomega.com. (All prices are in U.S. dollars.)

About Iomega
Iomega Corporation provides easy-to-use, high value storage solutions to help people protect, secure, capture and share their valuable digital information. 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 in 64MB, 128MB and 256MB capacity sizes, Iomega® external CD-RW 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 120GB to 1.4TB. For unlimited capacity and anytime, anywhere access, Iomega offers iStorage™ secure online storage. 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 with facilities, computer or other issues, including transmission 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, iStorage, Active Disk, DataSafe, Sync, and HotBurn 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.