Garmin® completes acquisition of Iiyonet, Inc.

Garmin Ltd. (NASDAQ: GRMN) announced today that it has completed the
acquisition of Iiyonet, Inc., a key distributor of Garmin’s consumer
products in Japan. The company is now a subsidiary of Garmin Japan, Ltd.

“The acquisition of Iiyonet will further bolster our sales and
distribution efforts in a key Asian market,” said Cliff Pemble,
president and CEO of Garmin. “This acquisition will enhance our ability
to support our key retailers and OEMs in Japan.”

The company will retain substantially all of its management, sales,
marketing and supporting staff and will continue operations at its
current headquarters and warehouse facilities located in Saitama, Japan,
near Tokyo.

Terms of the acquisition were not disclosed.

For over 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 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.

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This release includes forward-looking statements regarding Garmin Ltd.
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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.
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