Garmin® Confirms December 31 Dividend Payment Date

The Garmin Ltd. (NASDAQ:GRMN) board of directors has established
December 31, 2014 as the payment date for the next dividend installment
of $0.48 per share with a record date of December 15, 2014, per the
approval previously provided at the 2014 annual shareholders’ meeting.
At the 2014 annual meeting Garmin shareholders, in accordance with Swiss
corporate law, approved a cash dividend in the total amount of $1.92 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, 2014 and September 30, 2014,
respectively. The board currently anticipates the scheduling of the
remaining quarterly dividend as follows:

About Garmin Ltd.

The global leader in satellite navigation, Garmin Ltd. and its
subsidiaries have designed, manufactured, marketed and sold navigation,
communication and information devices and applications since 1989 – most
of which are enabled by GPS technology. Garmin’s products serve
automotive, mobile, wireless, outdoor recreation, fitness, marine,
aviation, and OEM applications. A member of the S&P 500 Index, Garmin
Ltd. is incorporated in Schaffhausen, Switzerland, and its principal
subsidiaries are located in the United States, Taiwan and the United
Kingdom. For more information, visit Garmin’s virtual pressroom at www.garmin.com/pressroom
or contact the Media Relations department at 913-397-8200.

Notice on Forward‐Looking Statements:

This release includes projections and other forward-looking statements
regarding Garmin Ltd. and its business. Any statements regarding the
company’s estimated earnings and revenue for fiscal 2013, the company’s
expected segment revenue growth rate, margins, new products to be
introduced and the company’s plans and objectives are forward-looking
statements. The forward-looking events and circumstances discussed in
this release may not occur and actual results could differ materially as
a result of risk factors affecting Garmin, including, but not limited
to, the risk factors that are described in the Annual Report on Form
10-K for the year ended December 28, 2013 filed by Garmin with the
Securities and Exchange Commission (Commission file number 0-31983). A
copy of such Form 10-K can be downloaded from http://www.garmin.com/aboutGarmin/invRelations/finReports.html.