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 Launches iStorage Online Providing Secure Storage and Anytime Access

SAN DIEGO, Calif., March 5, 2003 - Iomega Corporation (NYSE: IOM), a global leader in portable data storage, today announced a fast, flexible new storage choice: Iomega® iStorage Online. Available now in multiple capacity account sizes for U.S. customers at www.iomega.com, iStorage Online provides users with convenient access to their important files from any Internet connection and makes Web-based storage easy to use, scalable, and secure.

Iomega® iStorage Online: Key Benefits
Iomega® iStorage Online accounts provide mobile professionals and small and medium- sized businesses an extra layer of data protection while offering the convenience of Internet access. Establishing an Iomega iStorage Online account offers instant benefits:

• Reliable offsite storage of key files in case of emergency;
• Easy file sharing via a shared account;
• Improved file safety, even while traveling, via scheduled backups;
• Increased flexibility for sending email attachments of any size.

A New Level of Data Security
Iomega ensures the integrity of its iStorage Online service by using redundant infrastructure, dedicated security processes and software, telco-grade disk drives, multiple tape backups, and offsite tape storage. Individual storage accounts are encrypted and files may also be encrypted for transmission to protect against such data loss threats as hackers and viruses.

“Storage without security is only half a concept,” said Susan Huberman, vice president, corporate marketing, Iomega Corporation. “That’s why it is so important to know that your data is safe from computer viruses, hackers and other disasters. 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 an excellent complement to our traditional hardware offerings, providing anytime, anywhere access and offsite protection for your key files.”

Price and Availability
Iomega iStorage Online accounts are available now for U.S. customers, with prices ranging from $2.49 per month (50MB) to $17.95 per month (1GB), with 100MB, 250MB and 500MB capacities also available. Purchasers of annual subscriptions get two free months and a 30-day money back guarantee.

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 production and distribution of the Iomega product, anticipated product pricing and availability, expected product performance and specifications, future applications for the 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, 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.

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.