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

Cayman Islands, November 16 (ots/PRNewswire) -

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

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 +1-913-397-8200. 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.

Web site: http://www.garmin.com

ots Originaltext: Garmin International Inc.
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Ted Gartner, or Jessica Myers, both of Garmin International Inc.,
+1-913-397-8200, +1-913-440-1411, media.relations@garmin.com .
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