Garmin® shareholders approve quarterly dividend through March 2019 and Garmin announces record dates and payment dates for June 2018 dividend installment

At Garmin Ltd.’s annual shareholders’ meeting held today, approval was
received from the shareholders in accordance with Swiss corporate law
for a cash dividend in the amount of $2.12 per share (subject to
adjustment in the event that the Swiss Franc weakens more than 35%
relative to the USD), payable in four equal installments. The Board has
determined that the June installment of the dividend will be paid as
indicated below and currently anticipates the scheduling of the
remaining quarterly dividends as follows:

About Garmin Ltd: For decades, Garmin (NASDAQ: GRMN) has
pioneered new GPS navigation and wireless devices and applications that
are designed for people who live an active lifestyle. Garmin serves five
primary business units, including automotive, aviation, fitness, marine,
and outdoor recreation. For more information, visit Garmin’s virtual
pressroom at garmin.com/newsroom,
contact the Media Relations department at 913-397-8200, or follow us at facebook.com/garmin,
twitter.com/garmin,
or youtube.com/garmin.

Garmin Ltd. is incorporated in Switzerland, and its principal
subsidiaries are located in the United States, Taiwan and the United
Kingdom. Garmin is a registered trademark of Garmin Ltd.

Notice on Forward-Looking Statements: This release includes
projections and other forward-looking statements regarding Garmin Ltd.
and its business. Such statements are based on management’s current
expectations. The forward-looking events and circumstances discussed in
this release may not occur and actual results could differ materially as
a result of known and unknown risk factors and uncertainties affecting
Garmin, including, but not limited to, the risk factors listed in the
Annual Report on Form 10-K for the year ended December 30, 2017, filed
by Garmin with the Securities and Exchange Commission (Commission file
number 0-31983). A copy of such Form 10-K is available at http://www.garmin.com/aboutGarmin/invRelations/finReports.html.
No forward-looking statement can be guaranteed. Forward-looking
statements speak only as of the date on which they are made and Garmin
undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events, or otherwise.