Garmin(R) Ltd. Extends Agreement With NAVTEQ(R)

Garmin(R) Ltd. Extends Agreement With NAVTEQ(R)

November 16, 2007

Garmin Ltd. does not intend to pursue its offer for Tele
Atlas 


    CAYMAN ISLANDS, Nov. 16 /Xinhua-PRNewswire/ -- Garmin
Ltd. (Nasdaq: GRMN) announced today that its subsidiaries,
Garmin International Inc and Garmin Corporation, have
signed a six-year extension to their agreement with NAVTEQ,
a leading provider of digital map data for location based
solutions and vehicle navigation.  The agreement allows
Garmin to continue using NAVTEQ data through 2015, with an
option to renew for an additional four-year period.  In
addition, the parties have agreed to pursue expanded points
of cooperation that will result in improved mapping quality
and coverage worldwide, and will drive further device
innovation into the future.  The parties did not disclose
specific details of the agreement. 

    (Logo: 
http://www.newscom.com/cgi-bin/prnh/20061026/CGTH082LOGO)

    "Garmin has partnered with NAVTEQ for many years.
We utilize their map data in the majority of our products
and we have always appreciated their commitment to the
market," said Garmin CEO Dr. Min Kao. "Extending
our agreement with NAVTEQ ensures the availability of
quality mapping data for our customers, and provides a
basis for enhanced cooperation which is a win-win for both
Garmin and NAVTEQ.  We believe the outcome creates the best
value for Garmin, our customers, and stakeholders." 

    In addition, and with reference to the press release
dated October 31st, 2007, Garmin also announced today that
in light of these developments it does not intend to pursue
its offer for Tele Atlas N.V.

    Garmin is a leading, worldwide provider of navigation,
communications and information devices with subsidiaries in
the United States, Canada, Taiwan, the United Kingdom,
Germany, France, Brazil and Singapore with pending
acquisitions in Denmark, Italy and Spain. Through its
operating subsidiaries the company designs, develops,
manufactures and markets a diverse family of hand-held,
portable and fixed-mount GPS-enabled products and other
navigation, communications and information products.
Garmin's projected FY 2007 revenues are nearly US$3
billion, and the company expects to ship more than 10
million devices in 2007. Garmin sells its products through
a worldwide network of approximately 3,000 independent
dealers and distributors in approximately 100 countries. 

    This is an announcement in accordance with section 9b
paragraph 2(g) of the Dutch Securities Market Supervision
Decree 1995 (Besluit Toezicht Effectenverkeer 1995).

    About Garmin

    The Garmin Ltd. (Nasdaq: GRMN) group of companies
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
http://www.garmin.com/pressroom or contact the Media
Relations department at 913-397-8200. Garmin is a
registered trademark of Garmin Ltd. or its subsidiaries. 

    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 30, 2006 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. 






    For more information, please conatct:

     Ted Gartner, or Jessica Myers
     Garmin International Inc.
     Tel:   [phone]
     Email: [e-mail]