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

Iomega Announces New 8.5 Gigabyte Dual-Layer DVD Recorder

SAN DIEGO, May 24, 2004 - Iomega Corporation (NYSE: IOM), a global leader in data storage, today introduced the new Iomega® Super DVD Writer 12x Dual-Format USB 2.0 Drive. Scheduled to ship in June, Iomega’s dual-layer DVD drive is the first in a new generation of external Iomega DVD recorders that can store up to 8.5 GB* on a single DVD+R DL (double layer) disc. Together with an outstanding collection of software, the new drive gives users a convenient tool for managing their videos, data, music and photos.

Iomega will unveil the new Iomega Super DVD Writer 12x Dual-Format USB 2.0 Drive at this week’s CeBIT America tradeshow in New York City, May 25-27, 2004.

New 8.5 GB Capacity
DVD+R DL discs have two recording layers rather than one, providing users with 8.5 GB total capacity, or 80 percent more than the previous generation of 4.7 GB DVD discs. This new capacity confers a number of important benefits:

• Users can store DVD-quality home video at higher bit rates, improving picture and resolution and quality.
• Businesses can archive up to 12 CDs worth of data on a single DVD+R DL disc, reducing cost and complexity.
• IT departments can build system images for their clients PC's.
• Filmmakers can master and test new DVD titles using inexpensive discs before pressing a batch of discs with traditional equipment.

Key Features
Iomega’s Super DVD Writer 12x Dual-Format USB 2.0 Drive is quick and easy to set up, operate and share among multiple computers and operating systems, making it an excellent choice for virtually any writable disc format, including CDs, single-layer DVDs and dual-layer DVDs.

Supported formats include DVD+R and DVD+RW (12x4x16x write, rewrite, and read speeds), DVD-R and DVD-RW (8x4x16x), and CD-R and CD-RW discs (40x24x40x). Ripping music CDs is also faster than ever, thanks to 40x digital audio extraction.

The new drive also features buffer underrun protection for reliable burns and comes with the Iomega DVD Solutions Wizard, which takes the guesswork out of recording tasks by helping users select the appropriate software and type of disc for different tasks.

The DVD+R DL Standard
DVD+R DL recording technology is a “write-once” recording technology that was developed by Philips and media manufacturer MKM. It has been adopted by the DVD+RW Alliance, whose members include Dell, Hewlett-Packard, Mitsubishi Chemical/Verbatim, Philips, Ricoh, Sony, Thomson, Yamaha and Microsoft.

The dual-layer disc format consists of two recording layers of organic dye film. The top layer is semi-transparent, allowing the recording laser to focus on either the top layer or the bottom layer. When recording data, the laser heats microscopic regions on one of the recording layers, creating permanent dots in the organic dye film. The resulting data can be read in virtually any standard DVD player or DVD-ROM drive.

Software
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® Photoshop Album™ Starter Edition. For Mac® OS users, Charismac® Discribe™ and MusicMatch™ software are included.

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 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 DVD and CD copying and 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.

Price, Availability, and Requirements
The Iomega® Super DVD Writer 12x Dual-Format USB 2.0 Drive is scheduled to begin shipping in June, with availability at retail, catalog, and online at www.iomega.com for $249.95 ( U.S. suggested retail).

The new drive will be compatible with Microsoft® Windows® 98SE, 2000, Me, or XP; Mac® OS 10.2.7 or newer with a Macintosh G4 or faster with built-in USB 2.0 connection.

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 new Iomega REV™ 35GB Drive, popular Zip® 100MB, 250MB and 750MB Drives; high-performance Iomega® HDD External Hard Drives in desktop and portable configurations; Iomega Mini USB Drives and Micro Mini™ USB Drives;Iomega external CD-RW Drives; Iomega Super DVD Drives and the QuikTouch™ Video Burner; and Iomega Floppy USB-Powered 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 160GB to 1TB. 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 new Iomega® Super DVD Writer 12x Dual-Format USB 2.0 Drive , anticipated product pricing, availability, and shipping dates, 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, 2003, and its most recent Quarterly Report on Form 10-Q.

* 1 GB = 1 billion bytes.

Copyright© 2004 Iomega Corporation. All rights reserved. Iomega, Zip, REV, Active Disk, iStorage, HotBurn and QuikTouch 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.