Media please contact:
Chris Romoser, Iomega Corporation, (858) 314-7148 romoser@iomega.com

Analyst/Investors, please contact:
Barry Zwarenstein, Iomega Corporation, (858) 314-7190

For Immediate Release

Clever Design, Color, and Customization Distinguish New Iomega Drive for Youth Market

SAN DIEGO, December 15, 2003 - Iomega Corporation (NYSE: IOM), a global leader in data storage, today announced the availability of the new Iomega® Micro Mini USB drive, the smallest solid state USB drive in the market and the first to be designed and priced for the active lifestyle. A terrific mix of functional technology and fashion fun, the Micro Mini USB drive is cool to look at, convenient to carry, and easy to customize.

Bold New Look
Iomega's Micro Mini USB drive gives users up to 128 MB of storage* in a tiny package that is thinner, narrower, and about one-third the length of its corporate sibling, the Iomega Mini USB drive. The playful design includes snap-on caps in three different colors, an illuminating USB cable, and a keychain ring and dog tag lanyard that give users the choice of carrying a Micro Mini drive or wearing one. In a recent profile of the Iomega Micro Mini USB drive, TIME Magazine commented: “Could it be a fashion statement in the making?”

“The new Iomega Micro Mini USB drive is as fun to wear as it is to use,” said Sean Burke, vice president and general manager of mobile and desktop solutions, Iomega Corporation. “The Iomega Micro Mini USB drive is not only dependable and easy-to-access storage for all those digital images and other working files that need to be shared, it's also this cool little drive that hangs around your neck. What could be better for the user on the go?”

Micro Mini USB Drive Features and Benefits
The Micro Mini USB drive makes it easy to save and share photos, music, and data; just plug it into any computer's USB port for quick access to digital files. Students, creative professionals, computer enthusiasts and others will appreciate the convenience of a low-priced, go-anywhere storage device that gives them easy access to their working files.

The Iomega Micro Mini USB drive features the latest in miniaturized components in an appealing shape that measures just 40 x 18 x 8 mm (LxWxD), making it the smallest and easiest-to-carry drive ever from Iomega.

The Iomega 128MB capacity Micro Mini USB 1.1 drive will be available in limited quantities in mid-December; in mid-January, Iomega will offer faster USB 2.0 models in 64 MB and 128 MB capacities.

The Iomega Active Disk™ Software Advantage
Iomega Micro Mini USB drives also support Active Disk™ powered software, letting users transport completely portable software applications that will run on any compatible PC.

Active Disk™ powered software titles launch automatically, never need installation, don't clutter the hard drive, and leave no trace on the host PC (the Active Disk driver itself is a one-time automatic install). Over 80 Active Disk applications, games, and utilities are available for download at the Iomega Web site, http://www.iomega-activedisk.com, including Microsoft® Reader, MusicMatch® Jukebox, StuffIt and Active Disk Powered Windows XP Moving Tool.

Price and Availability
The 128 MB Iomega Micro Mini USB 1.1 drive is available online at www.iomega.com in mid-December for $69.95. The 64 MB ($49.95) and 128 MB ($69.95) models of the Iomega Micro Mini USB 2.0 drive will be available online and at selected retailers in mid-January. All prices are U.S. estimated retail price.

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 External Hard Drives in desktop and network configurations, Iomega Mini USB Drives and Micro Mini USB Drives, Iomega external CD-RW drives, Iomega Super 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 2TB. 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 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.

* 1 MB = 1 million bytes

Copyright© 2003 Iomega Corporation. All rights reserved. Iomega, Zip, REV, iStorage, HotBurn and Active Disk 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.