July 31, 2002

Garmin® Introduces High-Performance GPS Modules at Low-End Prices

OLATHE, Kan. / July 29, 2002 / PRNewswire — Garmin International Inc., a unit of Garmin Ltd. (Nasdaq: GRMN), today announced that the company has introduced the GPS 15™ — a family of high-performance sensor boards that provide GPS position, velocity and time information for various original equipment manufacturer (OEM) applications, such as vehicle tracking.

Available in three models, the GPS 15 line will compliment the GPS 25 in Garmin's OEM sensor board lineup. The GPS 15 family is smaller, lighter, less expensive, and consumes less power, but offer the same quality GPS performance that has defined Garmin as an industry leader.

"We are offering our OEM customers premium performance, quality and capabilities in a GPS module at very competitive prices," said Gary Kelley, Director of Marketing of Garmin International Inc. "This is a significant milestone for our company and we’re delighted to provide a line of small, reliable sensors with the versatility to satisfy most any GPS requirement of most any OEM application. We started delivering the GPS 15 in volume earlier this month and are very pleased with the performance and market acceptance."

Roughly the size of a commemorative stamp, the GPS 15 weighs only 10 grams and offers CMOS interface. The GPS 15L and GPS 15H, weigh approximately 15 grams, measure about the size of a matchbook, and are 3.3-5V and 8-40V modules, respectively. Both offer one pulse per second timing, an RS-232 interface and WAAS capability.

Garmin International Inc. is a member of the Garmin Ltd. (Nasdaq: GRMN) group of companies, which designs and manufactures navigation, communication and information devices -- most of which are enabled by GPS technology. Garmin is a leader in the general aviation and consumer GPS markets and its products serve aviation, marine, outdoor recreation, automotive, wireless 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 www.garmin.com/pressroom or contact the Media Relations department at 913-397-8200. Garmin is a registered trademark, and GPS 15 and GPS 25 are trademarks of Garmin Ltd. or its subsidiaries.

Notice on forward-looking statements:

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, product introductions, plans and objectives 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 29, 2001 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 from http://www.garmin.com/aboutGarmin/invRelations/finReports.html.