May 11, 2001

Garmin® Plans Two-Week, Coast-to-Coast Investor Tour

CAYMAN ISLANDS, May 11/ PRNewswire/ — Garmin Ltd. (Nasdaq: GRMN) today announced plans to visit seven cities over a two-week span to meet with existing and potential investors.

As part of Garmin's ongoing Investor Relations program, Garmin executives will be visiting San Francisco, San Diego, Los Angeles, Denver, Baltimore, Boston, and New York between May 16 and May 24. The purpose of these meetings will be to inform investors about Garmin's business, its historical financial performance and its first quarter 2001 results, and to discuss the company’s upcoming lock-up expiration.

Garmin's IPO lock-up expires on June 5. Although the company cannot predict how many shares will be sold and shareholders’ intentions may change based on personal circumstances and market conditions, Garmin currently expects that only a relatively small number of shares subject to the IPO lock up will be sold in the near term following the lock-up expiration. The company arrived at this expectation based on informal conversations between Garmin officers and certain original shareholders

Through its operating subsidiaries, Garmin Ltd. designs and manufactures navigation, communication and information devices. The company’s primary markets are aviation, marine, outdoor recreation, automotive, wireless and OEM. Garmin Ltd. is incorporated in Grand Cayman, Cayman Islands, and its principal subsidiaries are located in the United States, Taiwan and United Kingdom. For more information, visit the Investor Relations site of Garmin Ltd. at www.garmin.com or contact the Investor Relations department at 913-397-8200.

This release includes projections and other forward-looking statements regarding Garmin Ltd. and its business. Any statements regarding the company’s future financial position, revenues, earnings, plans and objectives, or any other future events 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. Information concerning risk factors that could affect Garmin's actual results is contained in the Annual Report on Form 10-K for the year ended December 30, 2000, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). s