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

For Immediate Release

New Iomega Network Hard Drive Adds 250 GB of Low-Cost Storage To Small Networks of Multiple PCs

SAN DIEGO, November 11, 2003 ­ Iomega Corporation (NYSE: IOM), a global leader in data storage, today introduced the new Iomega® Network Hard Drive for home and small office networks. An Ethernet-enabled external drive, the new Iomega Network Hard Drive provides up to 250 GB* of low-cost storage and makes it easier than ever for the average user to organize and back up critical data from multiple computers.

Next week, Iomega will display the new Iomega network hard drive at Comdex Las Vegas 2003, November 17-19, in its meeting space at the Venetian Hotel.

Network Hard Drives: Personal Storage Redefined
Until now, external hard drives have been designed to connect to a single PC as personal storage devices. The host PC may permit other network users to share the drive, but if the host PC crashes or is shut down, those other users will lose access to the shared drive.

The new Iomega Network Hard Drive improves on the personal hard drive by making it a network resource instead. Iomega’s new drive includes a built-in 10/100 Mbps (Fast Ethernet) port that lets it connect directly to an Ethernet network and run independently of any PC. As a result, it is always ready for action, providing cost-effective storage regardless of which PCs are running. Organizing, sharing, and backing up data across a network has never been easier.

“More and more families are setting up small networks to link two or three home computers and share an Internet connection. These households will instantly appreciate the value of adding an Iomega Iomega Network Hard Drive as the digital hub for their shared music and family photos,” said Sean Burke, vice president and general manager of mobile and desktop solutions, Iomega Corporation. “It also solves one of their biggest headaches: how to keep all those computers backed up. Because the Iomega Network Hard Drive is always available on the network, it is an ideal destination for automatic backups from every PC in the house.”

Features and Benefits
The new Iomega Network Hard Drive helps PC users stay organized, protect critical data and ease the storage crunch. Key features include the following:

• Dual interfaces. The Iomega Network Hard Drive features both a 10/100 Ethernet interface and a Hi-Speed USB (USB 2.0) interface.
• Easy network installation. The drive connects to the router that most home networks use to share an Internet connection; the user then runs an installation utility on each client Windows® PC (network drive support for Windows 2000 and Windows XP only; Windows 98, Windows Me, and Mac® support is planned).
• Easy Hi-Speed USB, no installation required. On most operating systems, the Iomega Network Hard Drive installs automatically as a Hi-Speed USB (USB 2.0) device.
• High Capacity. 120 GB and 250 GB capacities*. Multiple drives can be aggregated into a single logical drive letter.
• Data Security. User access is password protected.
• Disaster Recovery. The included Symantec Norton Ghost™ 2003 software captures an exact image of the PC’s main hard drive, including all system files, settings and installed software, for easy disaster recovery.
• Real-Time Backups. The included Iomega® Automatic Backup software gives up to four PCs automatic real-time backup across the network. Iomega Automatic Backup is a PC Magazine Editor’s Choice winner in 2003.

Competitive Advantages
An Iomega Network Hard Drive lets the user share storage space among several PCs without keeping a computer running all the time as a host for the shared drive. The result: a workspace that is quieter, simpler, less cluttered, and more energy efficient. Compared to network-attached storage (NAS) servers and general-purpose servers, which offer additional advanced features for larger networks, the Iomega Network Hard Drive is tailored to the capacity and performance needs of the household and SOHO network for a fraction of the price.

Price and Availability
The Iomega Network Hard Drive will be available in late December 2003. Estimated U.S. retail pricing is expected to be $299 for the 120 GB model* and $429 for the 250 GB model*.

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 portable, desktop, and network configurations, Iomega Mini USB Drive, Iomega external CD-RW drives, Iomega 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 products, 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 products, any difficulties encountered in ramping up production or other manufacturing issues, including component availability and pricing, co-development, production, agreements with third party suppliers 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.

# # #

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. Certain other product names, brand names and company names may be trademarks or designations of their respective owners.

* Product capacity is specified in gigabytes (GB) where 1 GB equals 1 billion bytes. The capacity reported by operating systems may vary.