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

For Immediate Release

DVD+RW, DVD-RW, and DVD-RAM Formats Now Available in a Single Drive

SAN DIEGO, June 16, 2003 - Iomega Corporation (NYSE: IOM), a global leader in data storage, today announced one of the first DVD drives to support all major DVD and CD formats, including DVD+R/+RW, DVD-R/-RW, and DVD-RAM. The new Iomega® Super DVD All Format 4X Internal Drive, on display this week at the CeBit America tradeshow in New York City, comes with a suite of software solutions including the award-winning Iomega® Automatic Backup software for real-time protection of critical files.

Until now, consumers looking to buy a DVD recorder have been confused by multiple standards and forced to choose sides as two large industry groups promoted competing DVD technologies. With the Iomega Super DVD Drive, Iomega is eliminating the confusion by supporting all major DVD technologies.

“The Iomega Super DVD Drive is what DVD users are asking for – a single optical drive that supports all the major disc formats in use today,” said Sean Burke, vice president, mobile and desktops products, Iomega Corporation. “The true value of the Iomega Super DVD Drive goes beyond fast burn speeds and universal DVD format compatibility—buyers of the new Super DVD Drive also get easy-to-use software applications like HotBurn Pro and Iomega Automatic Backup software, giving them everything they need to capture, share and protect their valuable digital content.”

Multiple Recording and Rewrite Capabilities
The Iomega Super DVD Drive can read and record DVD+R, DVD+RW, DVD-R, DVD-RW, DVD-RAM, CD-R, and CD-RW formats, with buffer under-run protection for more reliable recording. In addition, digital audio enthusiasts will appreciate the drive’s 24x DAE (digital audio extraction) speed for ripping audio files.

With an Iomega Super DVD Drive, a user can record up to two hours of high quality DVD video or other data on a 4.7 GB DVD disc, and up to 700 MB of video, music, or image data on a CD disc. Add a flatbed scanner, a slide scanner, or an analog video capture card, and users can transfer their old videos and print photographs to optical DVD or CD formats for safekeeping and archiving.

Bundled Software for Complete Solution
The Iomega® Super DVD Drive comes with multiple software titles to give users a complete and easy-to-use DVD solution. Bundled software includes Iomega’s DVD Solutions Wizard, Iomega Automatic Backup, Iomega HotBurn Pro, Sonic MyDVD™ video-editing software, Sonic™ Cineplayer software for the highest quality video playback, MusicMatch™ Jukebox music management software and Adobe® ActiveShare photo management software.

Iomega’s DVD Solutions Wizard launches directly from the desktop and takes the guesswork out of writing DVDs by helping users select the appropriate software and type of disc for different tasks.

Iomega® Automatic Backup software, a PC Magazine Editor’s Choice for real-time backup software (June 17, 2003, edition), provides users continuous real-time backup to any drive letter, the ability to save multiple revisions and keep multiple backup sets on different destination drives, the ability to exclude files by file type, to schedule backups, and to cache backups temporarily. Iomega Automatic Backup is also available separately at www.iomega.com for $39.95.

Iomega’s HotBurn Pro software, complements Windows® XP by adding true drag-and-drop file recording, an integrated console interface, integrated CD copying and CD imaging, compilation creation, and a jewel case editor. Added features include a graphical audio layout editor; pop, click and hiss removal filters; and bootable CD creation.

Pricing and Availability
The Iomega® Super DVD Internal Drive is expected to ship in the U.S. for availability in August and in Canada, Latin America, Europe, and Asia for availability in September. Suggested retail pricing is $329.95 (U.S. pricing) at select retail stores and at www.iomega.com. An external version of the Iomega® Super DVD Drive is expected to ship in the U.S. in September.

About Iomega
Iomega Corporation provides easy-to-use, high value storage solutions to help people protect, secure, capture and share their digital information. Iomega’s award-winning storage products include the popular Zip® 100MB, 250MB and 750MB drives, high-performance Iomega® HDD Portable Hard Drives, Iomega® HDD Desktop Hard Drives, the Iomega® Mini USB Drive, Iomega® external CD-RW drives, 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 1.4TB. For unlimited capacity and anytime, anywhere access, Iomega offers iStorage™, the secure online storage choice. 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.

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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. Sonic and myDVD are trademarks of Sonic Solutions. Microsoft and Windows are registered trademarks of Microsoft 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.