Garmin Announces Special Meeting of Shareholders to Approve Two-for-One Stock Split

CAYMAN ISLANDS, May 15, 2006 -- Garmin Ltd. ("Garmin") , today announced that a special meeting of shareholders will be held at 10:00 a.m., U.S. Central Time, on July 21, 2006 at the headquarters of Garmin's subsidiary, Garmin International, Inc., in Olathe, Kansas, USA. The purpose of the special meeting is to consider and approve a two-for-one stock split that has been recommended by Garmin's Board of Directors. The record date for shareholders entitled to vote at the special meeting is May 30, 2006. If shareholders approve the stock split at the special meeting, Garmin's Board of Directors will determine and announce a record date and effective date for the stock split.

"The proposed stock split reflects our confidence in Garmin's future as well as our desire to keep our shares in a price range that is affordable for a wide range of investors," said Dr. Min H. Kao, Chairman and CEO of Garmin.

This release includes forward-looking statements regarding Garmin Ltd. and its business. 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, including, but not limited to, the risk factors that are described in the Annual Report on Form 10-K for the year ended December 31, 2005 filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of Garmin's 2005 Form 10-K can be downloaded from http://www.garmin.com/aboutGarmin/invRelations/finReports.html .

Through its operating subsidiaries, Garmin Ltd. designs, manufactures, and markets navigation, communications and information devices, most of which are enabled by GPS technology. Garmin is a leader in the general aviation and consumer markets and its products serve aviation, marine, general 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 United Kingdom. For more information, visit the investor relations site of Garmin Ltd. at http://www.garmin.com/ or contact the Investor Relations department at 913-397-8200.