Iron Mountain Chairman and CEO Named New England Entrepreneur Of The Year® by Ernst & Young  

June 30, 2003

Boston, MA - Iron Mountain Incorporated (NYSE: IRM), the leader in outsourced records and information management services, today announced that CEO Richard Reese was honored with the 17th annual Ernst & Young New England Entrepreneur Of The Year® award in the consumer/Business Services category. Reese was selected from among a field of 63 other finalists from 54 regional companies.

Reese joined Iron Mountain as president in 1981 when the company was privately held with $3 million in annual revenue. Under his leadership, Iron Mountain has grown to more than $1 billion in annualized revenue and has become the leader in records management and information protection.

“This award is really a reflection of the management team and employees here at Iron Mountain who’ve helped us grow into the company we are today. I am very proud of the teamwork that takes place at this company,” said Iron Mountain Chairman and CEO Richard Reese. “Together, we have expanded Iron Mountain’s business beyond paper records management services – and we are rapidly gaining momentum as a pioneer in digital archiving and data backup and recovery services. Today, we serve more than 150,000 businesses for records retention, risk management and disaster recovery services.”

Award winners were honored at a banquet dinner Thursday, June 26th held at the Boston Park Plaza Hotel. Recipients will compete against other regional winners for the distinction of being named the National Entrepreneur Of The Year® to be announced this November.

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