Iron Mountain Proposes Debt Offering

Iron Mountain proposed a public offering of Euro 175M in aggregate principal amount of its 6-3/4% Euro Senior Subordinated Notes due 2018

January 10, 2007

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BOSTON -- Iron Mountain Incorporated (NYSE: IRM - News), the global leader in information protection and storage services, today announced a proposed public offering of Euro 175 million in aggregate principal amount of its 6-3/4% Euro Senior Subordinated Notes due 2018. The Company intends to use the net proceeds from the offering to repay outstanding indebtedness under its revolving credit and term loan facilities, to fund the possible repayment, repurchase or retirement of other indebtedness and for general corporate purposes, including possible future acquisitions and investments. The exact terms and timing of the offering will depend upon market conditions and other factors.

The offering will be made only by means of a prospectus. This announcement shall not constitute an offer to sell or the solicitation of any offer to buy securities, nor shall there be any sales of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Iron Mountain Inc.

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