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Press release from Business Wire

Iron Mountain Incorporated Announces 33% Increase to Quarterly Dividend

<p class='bwalignc'> <i>Raises Annual Dividend Rate to $1.00 per Share</i> </p>

Monday, June 13, 2011

Iron Mountain Incorporated Announces 33% Increase to Quarterly Dividend08:30 EDT Monday, June 13, 2011 BOSTON (Business Wire) -- Iron Mountain Incorporated (NYSE: IRM), the information management company, announced today that its board of directors declared a quarterly cash dividend of $0.25 per share, or $1.00 per share on an annualized basis, at its regularly scheduled meeting held on June 10, 2011. This is an increase of 33% over the quarterly dividend previously paid. The dividend is payable on July 15, 2011 to stockholders of record on June 24, 2011. “This action taken by our Board, which follows the announcement of our $250 million variable stock purchase plan in May, represents another step in delivering on our commitment to return $2.2 billion of capital to stockholders through 2013, including $1.2 billion by May 2012,” said Richard Reese, Iron Mountain's Chairman and Chief Executive Officer. “The quarterly dividend is the foundation of our approach to shareholder payouts and we intend to increase our dividend as our earnings and cash flows grow. Today's announcement demonstrates our Board's confidence in our ability to grow our business profitably while returning significant amounts of capital to our stockholders.” The declaration and payment of future quarterly dividends are in the discretion of the board of directors based on their determination that doing so is in the best interest of Iron Mountain stockholders. About Iron Mountain Iron Mountain Incorporated (NYSE: IRM) provides information management services that help organizations lower the costs, risks and inefficiencies of managing their physical and digital data. The Company's solutions enable customers to protect and better use their information—regardless of its format, location or lifecycle stage—so they can optimize their business and ensure proper recovery, compliance and discovery. Founded in 1951, Iron Mountain manages billions of information assets, including business records, electronic files, medical data, emails and more for organizations around the world. Visit www.ironmountain.com for more information. Forward Looking Statements This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and federal securities laws, and is subject to the safe-harbor created by such Act. Forward-looking statements include statements regarding the Company's intent to pay dividends, the Company's financial ability and sources to fund the dividend policy and the amounts of such dividends and statements regarding our goals, beliefs, future growth strategies, investment objectives, plans and current expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those contemplated in the forward-looking statements. Such factors include, but are not limited to: (i) the price, volume or timing of stock repurchases may be impacted by legal restrictions or limits under a Rule 10b5-1 trading plan; (ii) alternative, more attractive investments to dividends or stock repurchases that may become available; (iii) the cost to comply with current and future laws, regulations and customer demands relating to privacy issues; (iv) the impact of litigation that may arise in connection with incidents in which we fail to protect the Company's customers' information;(v) changes in the price for the Company's services relative to the cost of providing such services; (vi) changes in customer preferences and demand for the Company's services;(vii) the Company's ability or inability to complete acquisitions on satisfactory terms and to integrate acquired companies efficiently; (viii) the cost or potential liabilities associated with real estate necessary for the Company's business; (ix) the performance of business partners upon whom the Company depends for technical assistance or management expertise outside the United States; (x) changes in the political and economic environments in the countries in which the Company's international subsidiaries operate; (xi) claims that the Company's technology violates the intellectual property rights of a third party; (xii) other trends in competitive or economic conditions affecting Iron Mountain's financial condition or results of operations not presently contemplated; and (xiii) other risks described more fully in the Company's Annual Report on Form 10-K under “Item 1A. Risk Factors.” Except as required by law, Iron Mountain undertakes no obligation to release publicly the result of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Iron Mountain IncorporatedStephen P. Golden, 617-535-4799Vice President, Investor Relationssgolden@ironmountain.com