Analyst Coverage

Baird William Power
Bank of America Merrill Lynch Ron Epstein
Cleveland Research Company Ben Bollin
Deutsche Bank Securities Inc. Jeff Rand
J.P. Morgan Paul Chung
Longbow Research Nikolay Todorov
Morgan Stanley Erik Woodring
Tigress Financial Partners Ivan Feinseth

Any opinions, estimates or forecasts regarding the performance of Garmin made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Garmin Ltd. or its management.