|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.