Garmin® Confirms December 30 Dividend Payment

The Garmin Ltd. (NASDAQ: GRMN) board of directors has established
December 30, 2016 as the payment date for the next dividend installment
of $0.51 per share with a record date of December 14, 2016, per the
approval previously provided at the 2016 annual shareholders’ meeting.
At the 2016 annual meeting, Garmin shareholders, in accordance with
Swiss corporate law, approved a cash dividend in the total amount of
$2.04 per share (subject to possible adjustment based on the total
amount of the dividend in Swiss Francs), payable in four equal
installments on dates to be determined by the board in its discretion.
The first and second payments were made on June 30, 2016 and September
30, 2016, respectively. The board currently anticipates the scheduling
of the remaining quarterly dividend installment as follows:

About Garmin Ltd.

For more than 25 years, Garmin 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. 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 26, 2015, 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.