Garmin® to embark on $200 million campus expansion

Garmin International Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), today
announced that it was breaking ground on a $200 million dollar facility
expansion at its Olathe, Kansas campus. The campus expansion is designed
to position the technology company as a leading innovator well into the
future.

“This is a significant investment in our associates and our company’s
future,” said Cliff Pemble, Garmin CEO. “Our vision is to be an enduring
company that is a leader in all markets that it serves. To accomplish
this, we need a world-class facility that can attract and retain the
highest level of talent. We believe we are poised for growth in many
areas of our business, so this next phase of development is essential to
Garmin’s success and it signals our commitment to our customers,
associates, shareholders, and community.”

The implementation of the company’s previously approved master plan will
occur in two phases. The first phase includes an approximately 720,000
square foot manufacturing and distribution center located on its Olathe
campus, which will take two years to complete. A large portion of this
new development will significantly expand manufacturing for the
company’s aviation business segment, providing the capacity needed to
serve aircraft manufacturers and aircraft owners for decades to come. In
addition, the capacity of the company’s North American distribution
center will greatly increase.

The second phase of the expansion will include the renovation of the
existing Garmin warehouse and manufacturing space into a
state-of-the-art research and development facility and supporting office
space. This phase is expected to take an additional two years to finish,
with the full project nearing completion in late 2020.

Once finished, the 96-acre Garmin campus will offer 2.1 million
square-feet of space, with room for up to 2,600 additional associates.
Presently, there are approximately 2,800 on the Garmin campus with
another 600 associates located elsewhere in the greater Kansas City
metropolitan area. There are roughly 11,400 Garmin associates worldwide.

With the expansion will come first-class amenities like a fitness
center, cafeteria, and large gathering areas. The campus will feature
inviting greenspace amenities as well, including athletic fields and a
two mile outdoor walking trail to promote fitness and interaction among
associates. Traffic improvements, like additional lanes and a stoplight,
will accompany the project.

In addition, Olathe Mayor Michael Copeland announced today that a
newly-constructed loop road extending through the campus would be named
Garmin Way in honor of the company’s contributions and presence in
Olathe since 1995. As such, the Garmin campus’ official address will be
changed to One Garmin Way.

“Garmin is a long-time resident of Olathe and the company is
unquestionably a strong economic engine for the city,” said Mayor
Copeland. “Just as importantly, many of their associates choose to make
Olathe their home or contribute in other ways to our community, and for
that we are grateful.”

The Garmin campus is located along 151^st Street near
Interstate 35 in Olathe. The project’s contractor is McCown Gordon and
its designer and architect is Gould Evans.

For decades, 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.

About Garmin

Garmin International Inc. is a subsidiary of Garmin Ltd. (Nasdaq: GRMN).
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.

All other brands, product names, company names, trademarks and service
marks are the properties of their respective owners. All rights reserved.

Notice on Forward-Looking Statements:

This release includes
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 27, 2014, 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.