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

Analyst/Investors, please contact:
Preston Romm, Iomega Corporation, (858) 314-7188

For Immediate Release

Iomega Increases the Capacity of MiniMax Drive for Mac® mini Computers
***
New Storage Product for Macs Features 500GB of Storage Capacity, FireWire Ports, USB Hub, Backup Solution

SAN DIEGO, December 5, 2006 - Iomega Corporation (NYSE: IOM), a global leader in data storage and protection, today enhanced its external storage solution for Apple's Mac® mini computers by doubling the capacity of the Iomega® MiniMax™ Desktop Hard Drive USB 2.0/FireWire® from 250 GB to 500 GB*.

The stackable Iomega MiniMax Drive keeps the same great features that endeared Mac mini users to the original MiniMax Drive, including a three-port USB 2.0 hub, three FireWire® ports, a smart power switch that powers up and down in tandem with the Mac mini, and an interactive cooling system with thermal probe that automatically regulates fan speed.

The Iomega MiniMax 500GB Drive measures 6.5 inches square and 2 inches tall. It has the same footprint and matches the industrial design of the Mac mini. Its 7200 RPM hard drive with 8MB cache adds 500GB of storage to the Mac mini's internal 60GB or 80GB native capacity. And with Dantz® Retrospect™ backup software included, Mac mini users get hassle-free backup and data recovery to secure their files, photos, songs, and other data. A single MiniMax 500GB drive can save up to 2,000,000 photos, 9,250 hours of music, or 750 hours of video**.

"Iomega's MiniMax Drive is a fun, useful addition to the Mac mini that instantly improves data security along with data storage capacity," said Peter Wharton, vice president of marketing, Iomega Corporation. "The 500GB MiniMax complements the great features of the Mac Mini and creates a versatile platform that can organize and protect any user's digital movies, photography and music. And that's what Mac users really want - more capacity, more security, ease-of-use and a visually attractive product. The new 500GB MiniMax delivers on all of those user preferences."

Compatibility
The Iomega MiniMax 500GB Desktop Hard Drive is compatible with Macintosh G3 or greater (blue and white G3 only), iMac or Mac Mini computer with built-in USB connection and Mac OS 10.2 or above.

The Iomega MiniMax 500GB Drive can also be reformatted for use with Microsoft® Windows® 2000/XP Home or Professional; instructions included.

Price And Availability
The Iomega® MiniMax™ 500GB Desktop Hard Drive is available for $279.95 (U.S. suggested retail.) from www.iomega.com and select online and Web retailers. The product is currently available in Europe, as well.

About Iomega
Iomega Corporation provides easy-to-use, high value storage solutions to help people protect, secure, capture and share their valuable digital information. OfficeScreen, Iomega's managed security service for SMBs features industry-leading firewall/VPN, SSL VPN and IPSec bundles that create secure wide area networks that connect remote offices and workers to applications and data at a company's headquarters, while countering security threats from hackers, worms and viruses across a company's entire network. Iomega's award-winning storage products include the Iomega® REV® platform: the new Iomega REV 70GB Backup Drive, available in various computer interface models for server implementations; and the Iomega REV 35GB Backup Drive, available in several computer interface models for desktop backup and archive applications; as well as REV-based automation products such as the REV 1000 Autoloader and the new REV Loader 560, which utilizes a REV 70GB Backup Drive and up to eight REV disks. Iomega also offers its Zip® 100MB, 250MB and 750MB drives; high-performance Iomega external hard drives, network hard drives and other HDD solutions such as the new Iomega MiniMax 500GB Desktop Hard Drive; and other portable storage products. For small and medium business networks, Iomega NAS servers offer capacities of 160GB to 2TB. 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. Resellers can visit Iomega at www.iomega.com/ipartner.

NOTE: The statements contained in this release regarding the production and distribution of the Iomega MiniMax 500GB Desktop Hard Drive, anticipated product pricing and availability, expected product performance, features 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 most recent Quarterly Reports on Form 10-Q and Annual Report on Form 10 K.

###

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

** highly compressed 3-megapixel JPG photos (4 photos/MB); 128Kbps MP3 audio (1.1 min/MB); DVD MPEG at 720x480 resolution (11MB/Min.)

Copyright© 2006 Iomega Corporation. All rights reserved. Iomega, Zip, REV, Micro Mini, iStorage, HotBurn, StorCenter, MiniMax and UltraMax 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. Apple, Mac and Firewire are trademarks or registered trademarks of Apple Computer, Inc. in the United States and/or other countries. All other trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.