Media please contact:
Chris Romoser, Iomega Corporation, (858) 314-7148 romoser@iomega.com

Analyst/Investors, please contact:
Tom Liguori, Iomega Corporation, (858) 314-7190

For Immediate Release

Iomega Corporation Announces Availability of New
Iomega Mini USB 2.0 Drive with 2 Gigabyte Capacity

SAN DIEGO, March 2, 2005 - Iomega Corporation (NYSE: IOM), a global leader in data storage, today added a two-gigabyte model to its award-winning line of high-performance solid-state USB 2.0 drives: the new Iomega® Mini 2GB* USB 2.0 drive.

Delivering heavyweight file storage capacity in a device the size of a car key, Iomega’s new Mini includes Security Lock software for protecting sensitive data. It also features Iomega Active Disk technology, which enables portable applications to launch and run from the drive without installation** on the host PC. Iomega Mini USB drives are also the only flash drives with a personalized window to help users keep track of the information stored on the drive.

Iomega’s previous leading capacity Mini drive, the Mini 1GB USB 2.0 drive, was a CNET Editors’ Choice winner in 2004 (Apr. 2, 2004 review).

“Iomega’s Mini USB 2.0 drives deliver unbeatable performance and security in a go-anywhere design,” said Brian Still, product manager, Iomega Corporation. “Portable applications, data security, a personalized window and plenty of storage space give Iomega Mini USB 2.0 drives a unique appeal to students and mobile professionals.”

A single Iomega Mini 2GB USB 2.0 drive can store 38 hours of music, 8,000 photos, or 3 hours of high-quality video.***

Features and Performance
Iomega’s Mini USB 2.0 Drive weighs only 0.8 ounce (21.6 grams) and requires no cables, power adaptors or batteries. A metal ring rotates around the body to secure the cap in transit, yet releases easily when needed. A clear viewing window on the side of the drive lets users label and personalize the contents with pictures, company logos, or file names.

Hi-Speed USB (USB 2.0) interface technology gives users instant access to their files with excellent read/write performance—up to 17 MB/sec read and up to 14 MB/sec write speeds. This high performance, combined with 2 GB of storage capacity, makes an Iomega USB 2.0 drive perfect for carrying presentations, graphics, photos, music, videos, and large Active Disk applications.

About Iomega Active Disk™ Software
Active Disk™ powered titles are designed to launch automatically from an Iomega Mini USB 2.0 drive when it is plugged into any compatible PC. Active Disk titles never need installation, don’t clutter the hard drive, and leave no trace on the host PC—even the user’s related work is stored automatically on the Mini USB 2.0 drive (the Active Disk driver is a one-time install, and is present on computers with IomegaWare installed). The result for mobile professionals is a tool that not only helps them stay organized, but is also completely portable, easy to use, and secure. Over 80 Active Disk titles are available for download at the Iomega Web site, http://www.iomega-activedisk.com.

Compatibility
Iomega’s line of Mini USB 2.0 drives is plug-and-play compatible—no drivers required—with Windows® Me, 2000, and XP, Linux 2.4.1, and Mac® OS 9.0 and above (Win 98/98SE require separate drivers, available at www.iomega.com; drivers for Mac OS 8.6 are available at www.apple.com). All Iomega Mini USB 2.0 drives are also backwards compatible with the USB 1.1 standard, operating at USB 1.1 data rates.

Availability
The Iomega Mini 2GB USB 2.0 Drive is shipping now and is available for $249.95 through all major distributors, catalogs, e-tailers, the Iomega website and Frys regional retail stores. Other drives in the Mini USB 2.0 line include the Iomega Mini 1GB USB 2.0 drive, $159.95; Mini 512MB USB 2.0 drive, $89.95; Mini 256MB USB 2.0 drive, $59.95; and Mini 128MB USB 2.0 drive, $29.95. (All pricing is U.S. suggested retail.)

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™ Drive, popular Zip® 100MB, 250MB and 750MB Drives; high-performance Iomega® 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 1.6TB. 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® Mini 2 GB USB 2.0 drive, 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, 2003, and its most recent Quarterly Report on Form 10-Q.

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* 1 GB = 1 billion bytes

** The Active Disk driver is a one-time install, and is present on computers with IomegaWare installed.

*** 128-Kbps MP3 audio; 4 photos/MB 3-megapixel JPG photos; 11MB/min DVD MPEG-2 video (720x480).

Copyright© 2005 Iomega Corporation. All rights reserved. Iomega, Zip, REV, Active Disk, Micro Mini, 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.