Garmin® Completes Acquisition of Distributor in Finland

Garmin Ltd. (NASDAQ: GRMN) announced today that it has completed the
acquisition of NavCor Oy (“NavCor”), the distributor of Garmin’s
automotive, outdoor recreation, fitness and marine products in Finland.
The company will be renamed Garmin Suomi Oy and will retain its
management, sales, marketing and supporting staff, and will continue
operations at its current headquarters and warehouse facility located in
Lohja, Finland.

Dr. Min Kao, chairman and CEO of Garmin Ltd., said, “We are very pleased
to complete this acquisition and to be able to integrate the NavCor team
into the Garmin organization. We anticipate the completion of this
acquisition will enable us to expand our ability to support the key
retail channels for our products in Finland.

Tony Malmström, managing director of NavCor, said, “We look forward to
achieving further growth of Garmin’s sales in Finland and to realizing
the benefits of full integration into the Garmin team.”

Financial terms of the transaction were not released.

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, marine, aviation, and
OEM applications. Garmin Ltd. is incorporated in the Cayman Islands, and
its principal subsidiaries are located in the United States, Taiwan and
the United Kingdom. For more information, visit Garmin’s virtual
pressroom at
or contact the Media Relations department at 913-397-8200. Garmin is a
registered trademark of Garmin Ltd.

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
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Garmin, including, but not limited to, the risk factors listed in the
Annual Report on Form 10-K for the year ended December 29, 2007 filed by
Garmin with the Securities and Exchange Commission (Commission file
number 0-31983). A copy of Garmin’s Form 10-K can be downloaded at
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