Garmin® Named Global Leader in Portable Satellite Navigation

Garmin Ltd. (NASDAQ: GRMN) today announced that it is the global leader
in portable satellite navigation sales, having sold more personal
navigation devices (PNDs) in 2007 than any other manufacturer. The
research was provided by Canalys, a leading independent technology
market analyst firm.

“These figures validate our associates’ hard work and commitment to
innovation, value, and satisfying our customers,” said Cliff Pemble,
Garmin’s president and chief operating officer. “What’s even more
impressive is that these figures only include PND sales, and do not
include the robust demand for Garmin’s outdoor, fitness, marine, and
aviation products which further broadens our leadership in
location-based products and services.”

Garmin’s market breadth is another major reason why it can lay claim to
the title of global satellite navigation leader, having delivered an
industry leading 31 million GPS-enabled devices since the company’s
inception in 1989. Garmin posted $3.18 billion in revenue in 2007, a 79
percent increase over 2006. In addition to 115 percent revenue growth in
the automotive/mobile segment in 2007, Garmin posted a 19 percent
revenue gain in its outdoor fitness segment, a 22 percent gain in marine
revenue, and a 27 percent revenue increase in its aviation segment. The
three non-automotive segments accounted for more than a quarter of
Garmin’s overall revenue in 2007.

“Garmin achieved the worldwide number one spot for mobile navigation
devices in 2007 by performing consistently well in Europe, more than
doubling its shipments on 2006 and increasing its market share, while
also retaining its clear lead in the booming U.S. market, which grew to
represent 34.7 percent of the total worldwide market in 2007. Garmin had
an enviable 47 percent share in the US in 2007, and the market
quadrupled in size,” said Chris Jones, Canalys vice president and
principal analyst.

About Garmin

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. or its subsidiaries.

Source: independent Q4 2007 worldwide shipment research from market
analyst firm Canalys, published February 2008. 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. All statements regarding the company’s future product
introductions are forward-looking statements. 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 29, 2007 filed by Garmin with the Securities and Exchange
Commission (Commission file number 000-31983). A copy of Garmin’s Form
10-K can be downloaded at
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.