Garmin Announces 2008 Annual Dividend and Share Repurchase Program

CAYMAN ISLANDS, June 6 /PRNewswire-FirstCall/ -- Garmin Ltd.
(Nasdaq: GRMN), the global leader in satellite navigation, announced today
that its board of directors has approved the payment of a 2008 annual cash
dividend in the amount of $0.75 per share. The dividend is payable to
shareholders of record on December 1, 2008 and will be paid on December 15,
2008.
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Garmin Ltd. also announced that its board of directors approved a share
repurchase program authorizing the company to purchase up to 10 million common
shares of Garmin Ltd. as market and business conditions warrant. The
purchases may be made from time to time on the open market or in negotiated
transactions in compliance with the SEC's Rule 10b-18. The timing and amounts
of any purchases will be determined by the company's management depending on
market conditions and other factors including price, regulatory requirements
and capital availability. The program does not require the purchase of any
minimum number of shares and may be suspended or discontinued at any time.
The share repurchase authorization expires on December 31, 2009.
The five million share repurchase program that was approved by the board
of directors in February 2008 was recently completed.
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
http://www.garmin.com/pressroom 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 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 0-31983). A copy of Garmin's Form 10-K can
be downloaded 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.
SOURCE Garmin Ltd.

Ted Gartner or Jessica Myers, both of Garmin International Inc.,
+1-913-397-8200, media.relations@garmin.com