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

Analyst/Investors, please contact:
Tom Liguori, Iomega Corporation, (858) 314-7188

For Immediate Release

Iomega's REV Drive Celebrates First Birthday With Exciting Disk Giveaway
***
REV Drive Buyers Get a Free REV Disk

SAN DIEGO, May 16, 2005 - Iomega Corporation (NYSE: IOM), a global leader in data storage celebrating 25 years in business, today announced a special offer for buyers of the Iomega® REV™ 35GB* drive. To celebrate the REV drive's first birthday, Iomega is saying "thank you" with something even better than an extra slice of birthday cake: a free Iomega REV disk that gives users an extra 35GB to 90GB of storage capacity.**

Iomega's free REV disk promotion features a mail-in rebate for a free REV disk for every REV drive purchased from May 15 through July 3, 2005. Eligible drives*** include all retail-packaged REV drives purchased from catalog, etail, retail and registered VAR partners. This offer does not apply to drives purchased on iomega.com or iomegadirect.com.

Iomega REV solutions have been winning awards since the first product was launched in April 2004, providing users with a faster, more reliable, and more durable alternative to tape backup and optical products. REV removable disk technology is also ideal for people who routinely use large files or need to back up an entire PC, including advanced home users, small businesses and service bureaus.

"Today, nearly one out of every three REV drives is purchased for tape replacement," said Ron Gillies, vice president of sales and business development, Iomega Corporation. "But REV drives are also replacing other backup alternatives like optical drives, and many are being used as the customer's first backup device ever. I think that's the ultimate compliment for the REV drive: it is so simple to use and so fast that it is spurring a lot of customers to protect their data for the first time. And with this new promotion, buyers of REV drives, which come with one disk, get another disk free, giving them 70GB to 180GB of removable capacity with their new REV drive."

Iomega's REV drive solutions have won more than 15 awards worldwide in the first year of availability, including PC Magazine's Editor's Choice Award, CeBIT America - Best of Show, and American Photo's Editor's Choice Award.

State-of-the-Art Backup and Portable Storage
For network managers, the REV drive transforms the backup process and makes system or file-recovery tasks faster, easier and less costly in terms of both labor and network downtime. Iomega's REV drive not only outperforms tape alternatives like DDS-4, DAT-72, VXA®, AIT-1, and DLT VS80, it costs less, as well.

In home and small business settings, the REV drive also shines as an alternative to external hard drives. Users can expand their storage capacity in affordable 35GB increments (on PCs, up to 90GB of compressed capacity with included software), as well as archive data and transport even the largest of data files with ease.

For service bureaus, REV disks make great project disks because the durable 35GB disks are inherently more rugged than portable hard drives and not susceptible to scratches like optical media. The REV system locates the most sensitive components-the read/write heads and electronics-in the REV drive itself, not in the disk, which protects those components from abuse.

The 35GB REV disk is smaller than a deck of playing cards (10 x 77 x 75 mm) and delivers exceptional read-write performance of up to 25 MB/sec. (maximum native transfer rate) with much greater durability than tape-an estimated one million rewrites. For businesses that are used to budgeting for the replacement cost of worn-out tapes, REV disks offer an unbeatable value at about U.S. $49.95 per unit when purchased in a four-pack (available individually for $59.95).

Bundled Iomega Automatic Backup Pro Software for a Total Solution
Included with each Iomega REV drive is Iomega Automatic Backup Pro software for file-level backup as well as powerful disaster recovery. Once configured, the "no-touch" software automatically backs up specified files (including multiple revisions) continuously or at scheduled intervals. Professional-level features include up to 2.6:1 compression, providing up to 90GB** of compressed capacity per REV disk, and AES (Advanced Encryption Standard) file encryption. Disaster recovery features allow for live or scheduled system backups within Windows-with no system shutdowns or reboots.

Industry software support for the Iomega REV drive has been growing since its release in April 2004. Major storage software vendors in the Windows, UNIX, and Linux communities support the REV drive, including Computer Associates® BrightStor ARCserve Backup, Yosemite™ TapeWare, Dantz® Retrospect, and Veritas™ Backup Exec. Iomega continues to work with others to certify compatibility with their solutions.

Price and Availability
The Iomega REV drive is available in several interfaces, including USB 2.0 external ($399.99 with one disk included), FireWire external ($399.99 with one disk included), SCSI external ($499.99 with one disk included), SCSI internal ($449.99 with one disk included), ATAPI internal ($379.99 with one disk included), and SATA internal ($379.99 with one disk included). The Iomega REV 1000 autoloader, a 10-disk, one-drive unit with a native capacity of 350GB*, is available for $2,199.99. All prices are U.S. suggested retail.

Additional PC-formatted disks are available separately for $59.99 each, or for $199.95 in 4-packs. (All prices are U.S. suggested retail.) Iomega's free-disk offer is available for REV drive purchases made from May 15 through July 3, 2005.

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 in multiple computer interfaces, as well as a 10-cartridge, one-drive automation product, the REV 1000 Autoloader;, popular Zip® 100MB, 250MB and 750MB Drives; high-performance Iomega® External Hard Drives; 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 the Iomega REV disk promotion, 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, 2004, and its most recent Quarterly Report on Form 10-Q.

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* 1GB = 1,000,000,000 bytes.

** 90GB per REV disk is data and software dependant, and assumes compressed capacity using Iomega Automatic Backup software set on "high" compression.

*** This offer applies to all REV drive retail product interfaces; the backup starter kit and the five-pack system integrator package are excluded. This offer is only available to end users at catalog, etailers, retail and registered VARS, and is not available at iomega.com. This offer is valid for REV drive purchases in the U.S. only, from May 15 through July 3, 2005.

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. Microsoft and Windows are trademarks or registered trademarks of Microsoft Corporation in the United States and/or other countries. All other trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.