Iron Mountain Incorporated Calls $50 Million of 8-1/8% Senior Notes for Redemption

June 24, 2003

Boston, MA - Iron Mountain Incorporated (NYSE: IRM), the leader in records and information management services, announced today that Iron Mountain Canada Corporation, a wholly-owned subsidiary of Iron Mountain Incorporated, will redeem $50.0 million of aggregate principal amount of its 8-1/8% Senior Notes due 2008 in accordance with the Indenture governing the Notes. The redemption date for the Notes will be July 24, 2003, at a redemption price of $1,040.63 for each $1,000 principal amount of Notes redeemed, plus accrued and unpaid interest to July 24, 2003.

Contact:

Stephen Golden
Investor Relations
Iron Mountain
Phone: 617-535-4799
sgolden@ironmountain.com