Europe Approved Acquisition of Iomega by EMC

EMC Corporation received approval by the European Commission for the acquisition of Iomega Corporation. The European Commission approved the transaction without conditions.

This satisfies the condition to the tender offer related to European Commission regulatory approval and is the last regulatory approval that is a condition to the tender offer. As previously announced, the tender offer is scheduled to expire on Friday, June 6, 2008 at 5:00 p.m., Eastern Daylight Time, unless the tender offer is further extended.