Style to Match Substance

The 250GB* leather-bound Iomega eGo Drive introduces a whole new way for tech enthusiasts and the in-fashion crowd to express themselves. The rich brown leather-wrapped drive stands out as the creme de la creme of portable storage devices, whether on the road, strutting the proverbial "cat walk," or displaying panache in the boardroom. Above all else, the new eGo Leather Drive gives users a fast, powerful tool for preserving and transporting files.

Beneath the beautiful leather exterior is a state-of-the-art USB-powered portable hard drive, bringing elegance and efficiency to the critical task of backing up laptop and desktop data. Since it is USB-powered, the 2.5-inch drive is simple to operate (no power supply to carry around), and it comes as a complete storage solution with a license for EMC(R) Retrospect(R) HD software for automatic backups, scheduled backups, or on-demand backups. With its 250GB of storage capacity, the new eGo Leather Portable Hard Drive holds up to 1,000,000 photos, over 4,625 hours of music or 375 hours of video**.

The leather may look soft but the latest edition to Iomega's eGo product line is nothing if not rugged. Iomega's DropGuard(TM) technology protects the eGo Leather Drive from accidental damage caused by drops of up to 51 inches (129 cms), compared to portable hard drives from other manufacturers that claim drops of less than 40 inches.

"Around the world the Iomega eGo Portable Hard Drive has been recognized for its beautiful industrial design, and this leather-bound edition brings a new esthetic of luxury and opulence to the necessity of storing and protecting your digital life," said Tom Kampfer, president, Iomega Corporation. "Why continue to buy cold and impersonal computer hardware when you can truly separate yourself from the crowd with an Iomega eGo Drive in bright colors and now a leather model, too. And let's not kid ourselves -- looks definitely count. Anyone one who loves leather and projecting a certain 'in vogue' lifestyle won't be able to resist showing off their eGo Leather Drive."

Compatibility

The Iomega(R) eGo(TM) Leather Portable Hard Drive is compatible with Mac OS X 10.1 or higher and with Microsoft(R) Windows 2000 Professional, Windows XP, and Windows Vista(TM). EMC(R) Retrospect HD backup software is available for download for PC only.

Price and Availability

The Iomega(R) eGo(TM) Portable Hard Drive, USB 2.0, 250GB Brown Genuine Leather is now available worldwide for $149.95 (pricing is estimated U.S. suggested retail.) from online retailers, VARs, resellers and select retailers, as well as at http://www.iomega.com.

About Iomega

Iomega Corporation, headquartered in San Diego, is a worldwide leader in innovative storage and network security solutions for small and mid-sized businesses, consumers and others. The Company has sold more than 400 million digital storage drives and disks since its inception in 1980. Today, Iomega's product portfolio includes industry leading network attached storage products, external hard drives, and our award-winning removable storage technology, the REV(R) Backup Drive. OfficeScreen(R), Iomega's managed security services, available in the U.S. and select markets in Europe, provides enterprise quality perimeter security and secure remote network access for SMBs, which help protect small enterprises from data theft and liability. To learn about all of Iomega's digital storage products and managed services solutions, please go to the Web at http://www.iomega.com. Resellers can visit Iomega at http://www.iomega.com/ipartner.

NOTE: The statements contained in this release regarding development, production and distribution of the Iomega(R) eGo(TM) Portable Hard Drive, USB 2.0, 250GB Brown Genuine Leather, 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, 2007, and its most recent Quarterly Report on Form 10-Q.

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

    ** 4 photos/MB -- highly compressed 3-megapixel JPG photos; 1.1 min/MB --
       128 kbps MP3 audio; 11 MB/Min -- DVD MPEG 2 (720 x 480).

Copyright(C) 2008 Iomega Corporation. All rights reserved. Iomega, eGo, REV, and OfficeScreen, are either registered trademarks or trademarks of Iomega Corporation in the United States and/or other countries.

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

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

SOURCE Iomega Corporation

http://www.iomega.com

The tender offer was first announced on April 24. Under the terms of the proposal, all outstanding shares will be purchased for $3.85 a share. EMC said that at the close of business on Wednesday, about 78% of the shares had been tendered.

Shares of EMC closed Thursday at $17.29 while Iomega shares closed at $3.83. Ryan Vlastelica rv/pc

COPYRIGHT

Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

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"By applying the award-winning style of the eGo design to a desktop hard drive, Iomega is giving users a one-terabyte Super eGo that's all about form and function, a beautiful and pleasing design for even the most data-intensive applications," said Peter Wharton, vice president marketing, Iomega Corporation. "Today's computer users want more style, capacity, and data security out of their computer hardware; the colorful, dependable and colossal one terabyte eGo Desktop Hard Drive delivers on all counts."

The new 1TB eGo Desktop Hard Drive is a complete storage solution out of the box, including a license for EMC(R) Retrospect HD software (PC-only download) for automatic backups, scheduled backups, or on-demand backups.

Compatibility

The Iomega(R) eGo(TM) Desktop Hard Drive is compatible with Mac OS X 10.1 or higher and with Microsoft(R) Windows 2000 Professional, Windows XP, and Windows Vista(TM). EMC(R) Retrospect HD backup software is available for free download (PC only).

Price and Availability

The Iomega(R) eGo(TM) Desktop Hard Drive, USB 2.0, 1TB is now available worldwide for $269.95 (pricing is U.S. suggested retail) from online retailers, VARs, resellers and select retailers, as well as at http://www.iomega.com.

About Iomega

Iomega Corporation, headquartered in San Diego, is a worldwide leader in innovative storage and network security solutions for small and mid-sized businesses, consumers and others. The Company has sold more than 400 million digital storage drives and disks since its inception in 1980. Today, Iomega's product portfolio includes industry leading network attached storage products, external hard drives, and our award-winning removable storage technology, the REV(R) Backup Drive. OfficeScreen(R), Iomega's managed security services, available in the U.S. and select markets in Europe, provides enterprise quality perimeter security and secure remote network access for SMBs, which help protect small enterprises from data theft and liability. To learn about all of Iomega's digital storage products and managed services solutions, please go to the Web at http://www.iomega.com. Resellers can visit Iomega at http://www.iomega.com/ipartner.

NOTE: The statements contained in this release regarding development, production and distribution of the Iomega(R) eGo(TM) Desktop Hard Drive, USB 2.0, 1TB, 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, 2007, and its most recent Quarterly Report on Form 10-Q.

    * 1 TB = 1,000,000,000,000 bytes.

    ** 4 photos/MB - highly compressed 3-megapixel JPG photos; 1.1 min/MB -
    128 kbps MP3 audio; 11 MB/Min - DVD MPEG 2 (720 x 480).

Copyright(C) 2008 Iomega Corporation. All rights reserved. Iomega, eGo, REV, and OfficeScreen are either registered trademarks or trademarks of Iomega 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.

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

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

SOURCE Iomega Corporation

http://www.iomega.com

As of 5:00 p.m. EDT on May 30, 2008, a total of 44,984,469 shares of common stock of Iomega had been validly tendered and not withdrawn, representing approximately 82 percent of the outstanding shares of common stock of Iomega.

Additional Information and Where to Find It

This press release is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of an offer to sell any of the Shares. The solicitation and the offer to buy shares of Iomega common stock is being made pursuant to the Offer to Purchase and related materials that EMC and Emerge Merger Corporation filed with the U.S. Securities and Exchange Commission (the "SEC") on April 24, 2008. EMC and Emerge Merger Corporation filed a Tender Offer Statement on Schedule TO containing an Offer to Purchase, forms of letters of transmittal and other documents relating to the tender offer, and Iomega filed a Solicitation/Recommendation Statement on Schedule 14D-9 with respect to the tender offer. EMC, Emerge Merger Corporation and Iomega mailed these documents to the stockholders of Iomega. These documents contain important information about the tender offer and stockholders of Iomega are urged to read them carefully. Investors and stockholders of Iomega are able to obtain a free copy of these and other documents filed by Iomega or EMC with the SEC at the website maintained by the SEC at www.sec.gov. In addition, the Offer to Purchase and related materials may be obtained for free by directing such requests to EMC Corporation at 176 South Street, Attention: Office of the General Counsel, Hopkinton, MA 01748. Investors and stockholders may obtain a free copy of the Solicitation/Recommendation Statement on Schedule 14D-9 and such other documents from Iomega by directing requests to Iomega at 10955 Vista Sorrento Parkway, Attention: Corporate Secretary and General Counsel, San Diego, CA 92103.

For additional information, please contact the information agent for the offer.

    The Information Agent for the offer is:
    MORROW & CO., LLC
    470 West Avenue
    Stamford, CT 06902
    (203) 658-9400

    Banks and Brokerage Firms Call: (800) 662-5200
    Stockholders Call Toll Free: (800) 607-0088
    E-mail: IOM.info@morrowco.com

About EMC

EMC Corporation (NYSE: EMC) is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information. Information about EMC's products and services can be found at www.EMC.com.

EMC is a registered trademark of EMC Corporation. Iomega is a registered trademark of Iomega Corporation. All other trademarks are the property of their respective owners.

This release contains "forward-looking statements" as defined under the federal securities laws. These include, without limitation, all references to the date the offer will be completed. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) any adverse governmental reactions as we seek approvals for the acquisition of Iomega, or business partner reactions to the acquisition; (ii) material adverse changes in general economic or market conditions; (iii) the potential for Iomega's employees to leave their positions as a result of the acquisition; (iv) changes in the business of EMC or Iomega; or (v) other one-time events and other important factors disclosed previously and from time to time in EMC and Iomega's filings with the SEC. EMC disclaims any obligation to update any such forward-looking statements after the date of this release.

SOURCE EMC Corporation

http://www.emc.com