Iron Mountain Incorporated and Iron Mountain Canada Operations ULC Price Debt Offering

  Iron Mountain Incorporated and Iron Mountain Canada Operations ULC Price
  Debt Offering

Business Wire

BOSTON -- August 8, 2013

Iron Mountain Incorporated (NYSE: IRM), the storage and information management
company, today announced that it has priced a public offering of $600 million
in aggregate principal amount of its 6% USD Senior Notes due 2023 (the “U.S.
Notes”) and C$200 million in aggregate principal amount of its subsidiary’s
(Iron Mountain Canada Operations ULC’s, or the “Canadian Issuer”) 6-1/8% CAD
Senior Notes due 2021 (the “Canadian Notes”). The U.S. Notes and the Canadian
Notes will be sold at par.

The company and the Canadian Issuer intend to use the net proceeds from the
offering for the redemption of all of the company’s 8% USD Senior Subordinated
Notes due 2018 and 8% USD Senior Subordinated Notes due 2020 and for the
redemption of the Canadian Issuer’s outstanding 7-1/2% CAD Senior Subordinated
Notes due 2017. In addition, the company has commenced a cash tender offer to
purchase up to $137.5 million in aggregate principal amount of the company’s
8-3/8% USD Senior Subordinated Notes due 2021. The company intends to use the
remaining net proceeds to repay existing indebtedness under its revolving
credit facility and for general corporate purposes. The closing of the
offering is expected to occur on August 13, 2013 and is subject to customary
closing conditions.

Wells Fargo Securities, BofA Merrill Lynch, J.P. Morgan, Credit Agricole CIB,
HSBC, Morgan Stanley and RBS Securities Inc. are the joint bookrunners for the
U.S. Notes. Scotiabank, BofA Merrill Lynch, J.P. Morgan, Barclays and TD
Securities are the joint bookrunners for the Canadian Notes.

Iron Mountain is making the offering under an effective shelf registration
statement. This offering is being made solely by means of a prospectus
supplement and related base prospectus, copies of which may be obtained on the
SEC Web site at www.sec.gov. Alternatively, the underwriters will arrange to
send you the prospectus supplement and related base prospectus if you request
them by contacting Wells Fargo Securities, LLC at 550 South, Tryon Street, 7th
Floor MAC D1086-070, Charlotte, NC 28202, Attn: Client Support, via telephone,
at (800) 326-5897, or via email at cmclientsupport@wellsfargo.com.

This announcement shall not constitute an offer to sell or the solicitation of
an offer to buy securities, nor shall there be any sale of these securities in
any state or other jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities
laws of any such state or jurisdiction. This announcement does not constitute
a notice of redemption of the Senior Subordinated Notes referred to above or a
solicitation of tenders of the 8-3/8% USD Senior Subordinated Notes due 2021.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM) is a leading provider of storage and
information management solutions. The company’s real estate network of over 64
million square feet across more than 1,000 facilities in 35 countries allows
it to serve customers around the world. And its solutions for records
management, data backup and recovery, document management and secure shredding
help organizations to lower storage costs, comply with regulations, recover
from disaster, and better use their information for business advantage.
Founded in 1951, Iron Mountain stores and protects billions of information
assets, including business documents, backup tapes, electronic files and
medical data. Visit www.ironmountain.com for more information.

Contact:

Investor Relations contacts:
Iron Mountain Incorporated
Melissa Marsden, 617-535-8595
Senior Vice President, Investor Relations
melissa.marsden@ironmountain.com
or
Stephen P. Golden, 617-535-4766
Vice President, Investor Relations
sgolden@ironmountain.com