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

Broad Software Industry Support Ensures REV Drive Compatibility with Leading Backup Software Programs

SAN DIEGO, May 5, 2004 - Iomega Corporation (NYSE: IOM), a global leader in data storage, today announced that leading backup software companies have confirmed compatibility between their products and the new Iomega® REV™ 35GB/90GB* drive. Collectively, these companies—CommVault Systems, Computer Associates, Dantz, Symantec, VERITAS, and Yosemite Technologies—represent the majority of the backup installations in small and medium-sized businesses.

Third-party software support for the Iomega REV drive is one of the cornerstones of its early acceptance as a tape alternative. Today’s announcement means that the majority of small and medium-sized businesses currently using tape backup can now migrate smoothly to the Iomega REV drive while continuing to use their chosen backup software.

Easy to use, up to 8 times faster** and less than half the price of most competing tape products, Iomega REV drive products outperform more expensive tape alternatives like DDS-4, DAT 72, VXA®, AIT-1, and DLT VS80. Tape drives impose significant media, maintenance and administration costs on the backup and restore process. REV products and partner software make the process simpler and cheaper, while reducing the backup time by up to 70 percent***.

“Iomega recognizes that small and medium-sized business customers have well-established backup processes, and management software is key to those processes,” said Susan Huberman, vice president of emerging technology marketing, Iomega Corporation. “Iomega REV products are designed to work with existing storage software management solutions and have been tested to ensure compatibility. We look forward to continuing to work with a broad base of partners to optimize future REV products with their software.”

Partners who have announced support (as described in more detail below) for Iomega REV products include CommVault Systems, Computer Associates, Dantz Development, Symantec, VERITAS Software and Yosemite Technologies. This initial set of partners accounts for the majority of the backup software installations currently in use in small and medium-sized businesses today****, assuring customers of compatibility with the new REV drive.

Supporting Partners

CommVault Systems
" CommVault’s QiNetix™ was designed to manage data virtually based on its application attributes and its environment,” said Randy De Meno, director of advanced applications and Microsoft relationship, CommVault Systems. “Iomega’s exciting new REV drive offers small and medium enterprises the ability to back up to disk. With QiNetix and the new REV drive, the same software that provides backup can simply add the ability to archive the disk. CommVault is excited about continuing to work with Iomega to develop the next generation of storage solutions for small and medium enterprises.”

Computer Associates
“Iomega’s new REV drive successfully fulfills the market’s desire for a cost-effective tape backup solution that can deliver drive-like performance and ease of use,” said Jim Geronaitis, vice president of product marketing for BrightStor storage management at CA. “CA’s support for the REV drive enables our customers to leverage its capabilities in tandem with BrightStor ARCserve Backup, which delivers outstanding read/write performance, streamlined management, time-saving automation and broad interoperability.”

Dantz Development
Don Chouinard, director, product marketing, Dantz Development Corporation, said, “Dantz Development is pleased to announce support for Iomega’s breakthrough REV drive. Customers who in the past have relied solely on tape as their primary backup solution now have another reliable alternative. Dantz Retrospect protects millions of computers worldwide and combined with the new REV drive delivers affordable enterprise-class data protection for small and medium enterprises.”

Symantec
“Disk-based backup is well on the way to replacing traditional tape as the preferred backup and archive solution for small and medium enterprises,” said Steve Fairbanks, director of product management for Symantec’s Enterprise Automation Business Unit. “Symantec is pleased to provide Iomega with a REV Drive version of the industry-leading Norton Ghosttm disaster recovery solution that has been tested, qualified and optimized to work with Iomega’s new REV products. Symantec looks forward to working with Iomega to bring additional innovative storage solutions to market.”

VERITAS Software
Brenda Zawatski, vice president, product marketing, VERITAS Software, said, “Iomega’s new REV drive represents a high performing, low cost option to meet the storage needs for small and medium businesses. As the leading backup application for Windows data protection, VERITAS Backup Exec™ for Windows Servers has been tested and optimized to leverage the benefits of the Iomega REV drive.”

Yosemite Technologies
"Iomega’s new REV drive represents a breakthrough in the back-up-to-disk movement: removability,” said John Maxwell, vice president, marketing, Yosemite Technologies. “Yosemite Technologies’ TapeWare® backup software combined with the Iomega REV drive offers small and medium enterprises the ability to radically simplify their backup, recovery and archiving process. Yosemite Technologies will continue to work with Iomega to optimize our storage solutions for small and medium enterprise customers.”

About REV Products
Iomega REV products offer the removability of tape with the speed and ease of use of a hard drive. REV disks transfer data up to eight times faster than tape, are smaller than a deck of playing cards (10 x 77 x 75 mm), and can be rewritten more than a million times (estimated). With a maximum sustained transfer rate of 25MB/sec, and using drag and drop random access technology, REV drive users can copy and restore individual files in seconds.

The Iomega REV drive is now shipping in USB 2.0 external ($399.99 with one disk included) and ATAPI internal ($379.99 with one disk included) configurations. REV disks are available individually ($59.99) or in a four-pack ($199.95); all prices are U.S. suggested retail. Iomega REV autoloaders, which will support multiple disks per drive unit, are currently planned for introduction in the second half of 2004. FireWire®, SCSI and SATA models are also planned for introduction in the second half of this year. For more information on Iomega REV products, visit www.Iomega.com.

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.

* Compressed capacity assuming 2.6:1 data compression with "high" compression on Iomega Automatic Backup Pro software. Capacity may vary and is data and software dependent. 1 GB = 1,000,000,000 bytes

** Compared to DDS-4

*** Compared to Travan, DDS-4, DAT 72, AIT-1 and DLT

**** Gartner, SMB Server and Storage Perferences and Investment Plans, August 18, 2003

LEGAL NOTICE: The statements contained in this release regarding development, production and distribution of the Iomega REV product or software, autoloaders, Boot and Run software, anticipated product pricing and availability dates, the features, timing, and plans for REV autoloaders, expected product performance features and specifications, future work on software products, expected market size, tape drive market size, OEM opportunities, vertical market opportunities, compatibility with third party software, future reliability, future applications for the new product and all other statements about plans or estimated future performance, or 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 REV product development and testing, market acceptance of, and demand for, the REV product, any failure to achieve OEM adoption or enter vertical markets, 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, hardware, software or technical issues or compatibility issues discovered after REV’s launch, competition, intellectual property rights and other risks, the ability of autoloader partners to reach agreement with Iomega on terms for business agreements, the ability of Iomega or software suppliers to develop new or modified software, 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.

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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.