Garmin® selected as exclusive marine electronics supplier to IBBI

Garmin International, Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), today
announced that is has been selected as the exclusive marine electronics
supplier for the Independent Boat Builders, Inc. (IBBI), the industry’s
largest purchasing cooperative comprised of a 19-member network of
leading boat brands. Collectively, IBBI members build 20% of all boats
sold in the U.S., and beginning Model Year 2019, the agreement will give
members direct access to Garmin’s full line of marine electronics
through 2023. The announcement is being made in conjunction with the
IBBI’s Annual Meeting, March 5-7, 2018.

“We are honored the IBBI has chosen Garmin to be its exclusive supplier
of marine electronics,” said Dan Bartel, Garmin vice president of global
consumer sales. “We value this relationship with boat builders who are
so well known in our industry for their quality and innovation, and we
look forward to a providing them with best-in-class products and service
for many years to come.”

Since 2014, Garmin has been a supplier of choice for the IBBI. Now, as
the exclusive marine electronics supplier, IBBI members will benefit
from Garmin’s extensive product portfolio that includes some of the
industry’s most sophisticated chartplotters and touchscreen
multifunction displays, sonar technology, high-definition radar,
autopilots, high-resolution mapping and other products and services that
are known for innovation, reliability, and ease-of-use.

“We are highly impressed with Garmin’s product selection, product
quality, staff and state-of-art facility,” said Tom Broy, IBBI
president. “The IBBI and our member-owners feel that Garmin can provide
premium marine electronics that meet our needs and, additionally, give
customers what they expect. We look forward to a long and successful
partnership.”

Garmin is the world’s leading marine electronics manufacturer¹
and was recently named Manufacturer of the Year for the third
consecutive year by the National Marine Electronics Association (NMEA),
an honor given to the most recognized marine electronics company for
support of products in the field. Other Garmin marine brands include
FUSION Entertainment, and Navionics, a premier supplier of electronic
navigation charts.

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.

¹Based on 2016 reported sales.

About Garmin International Inc.: 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, FUSION and Navionics are
registered trademarks of Garmin Ltd. or its subsidiaries.

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 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.