SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
                              [Amendment No. _____]

Filed by the Registrant  |X|
Filed by a Party other than the Registrant  |_|

Check the appropriate box:

| |    Preliminary Proxy Statement
| |    Confidential, for Use of the Commission Only (as permitted by
       Rule 14a-6(e)(2))
|X|    Definitive Proxy Statement
| |    Definitive Additional Materials
| |    Soliciting Materials under Section240.14a-12

                                   GARMIN LTD.
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                (Name of Registrant as Specified in Its Charter)


 -------------------------------------------------------------------------------
     (Name of Person(s) Filing Proxy Statement if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

|X|    No fee required
| |    Fee computed on table below per Exchange Act Rules 14a-6(I)(4) and O-11.

       1) Title of each class of securities to which transaction applies:
          ----------------------------------------------------------------------

       2) Aggregate number of securities to which transaction applies:
          ----------------------------------------------------------------------

       3) Per unit price or other  underlying  value of transaction  computed
          pursuant to Exchange  Act Rule O-11 (Set forth the amount on which the
          filing fee is calculated and state how it was determined):
          ----------------------------------------------------------------------

       4) Proposed maximum aggregate value of transaction:
          ----------------------------------------------------------------------

       5) Total fee paid:

          ----------------------------------------------------------------------

| |    Fee paid previously by written preliminary materials.
| |    Check box if any part of the fee is offset as provided by Exchange Act
       Rule  O-11(a)(2) and identify the  filing  for  which  the  offsetting
       fee  was  paid  previously.  Identify  the  previous  filing  by
       registration statement number, or the Form or Schedule and the date of
       its filing.

           1)  Amount Previously Paid:_________________________________________
           2)  Form Schedule or Registration Statement No.:____________________
           3)  Filing Party:___________________________________________________
           4)  Date Filed:_____________________________________________________




                                  [GARMIN LOGO]



                                   GARMIN LTD.


                           NOTICE AND PROXY STATEMENT

                                       for

                   The Annual General Meeting of Shareholders

                                   to be held

                                  June 6, 2003


                             YOUR VOTE IS IMPORTANT!

               Please mark, date and sign the enclosed proxy card
                and promptly return it in the enclosed envelope.


    Mailing of this Notice and Proxy Statement and the accompanying enclosed
                 Proxy Card commenced on or about May 1, 2003.




                                  [GARMIN LOGO]
                                   Garmin Ltd.
                               P.O. Box 30464 SMB
                            5th Floor, Harbour Place
                             103 South Church Street
                            George Town, Grand Cayman
                                 Cayman Islands

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                NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS
                             TO BE HELD JUNE 6, 2003
--------------------------------------------------------------------------------

     You are  hereby  notified  of and  cordially  invited  to attend the Annual
General Meeting (the 'Annual  Meeting') of Shareholders of Garmin Ltd., a Cayman
Islands  company  ('Garmin'  or the  'Company')  to be held at the  Ritz-Charles
Conference Center, 9000 West 137th Street,  Overland Park, Kansas 66221, USA, at
10:00 a.m. Central Time, on Friday,  June 6, 2003, to consider and vote upon the
following matters:

        1.       Election of two directors;

        2.       Appointment of Ernst & Young LLP as independent auditors for
                 the 2003 fiscal year at remuneration to be approved by the
                 Board of Directors;

        3.       An  amendment  to the  Articles  of  Association  of the
                 Company to permit the Company to be able to comply with certain
                 new rules adopted by the United States Securities and Exchange
                 Commission ('SEC) and with the Sarbanes-Oxley Act of 2002; and

        4.       Such other matters as may properly be brought before the Annual
                 Meeting or any adjournment thereof.

     Information  concerning  the matters to be acted upon at the Annual Meeting
is contained in the accompanying Proxy Statement.

     In accordance  with the Company's  Articles of  Association,  the Company's
audited  consolidated  financial  statements for the fiscal year ending December
28, 2002 will be presented at the Annual Meeting.  There is no requirement under
the Company's  Articles of Association or Cayman Islands law that such financial
statements be approved by  shareholders,  and no such approval will be sought at
the Annual Meeting.

     Shareholders  of  record  at the close of  business  on April 18,  2003 are
entitled  to  notice  of,  and to vote at,  this  meeting  and any  adjournments
thereof.  A shareholder  entitled to attend and to vote at the Annual Meeting is
entitled  to appoint a proxy to attend and,  on a poll,  vote  instead of him or
her.

     It is important that your shares be represented at the meeting.  Please use
the enclosed Proxy Card to direct the vote of your shares, regardless of whether
you plan to attend the Annual  Meeting.  Please date the Proxy Card, sign it and
promptly return it in the enclosed envelope, which requires no postage if mailed
in the United  States.  You may also appoint  another  person (who need not be a
shareholder) as your proxy to attend and vote at the Annual Meeting.

     If you own shares registered in the name of a broker,  you should receive a
card from that broker  permitting you to direct the broker to vote those shares.
Please promptly complete the card and return it to the broker.

                                            By Order of the Board of Directors

                                            /s/ Andrew R. Etkind

May 1, 2003                                Andrew R. Etkind
                                            General Counsel and Secretary



                                   Garmin Ltd.
                               P.O. Box 30464 SMB
                            5th Floor, Harbour Place
                             103 South Church Street
                            George Town, Grand Cayman
                                 Cayman Islands

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                                 PROXY STATEMENT
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                                TABLE OF CONTENTS

                                                                            Page

Proxy Statement.........................................................      2

Information Concerning Solicitation and Voting..........................      2

Stock Ownership of Certain Beneficial Owners and Management.............      5

Proposal 1 - Election of Two Directors..................................      7

Proposal 2 - Appointment of Ernst & Young LLP as Independent Auditors for
the 2003 Fiscal Year at Remuneration to be Approved by the Board of
Directors...............................................................      8

Proposal 3 - An amendment to the Articles of Association of the Company
to permit the Company to be able to comply with certain new rules adopted
by the United States Securities and Exchange Commission and with the
Sarbanes-Oxley Act of 2002..............................................      8

The Board of Directors..................................................      9

Audit Matters...........................................................     12

Executive Compensation Matters..........................................     13

Shareholder Proposals...................................................     20

Section 16(a) Beneficial Ownership Reporting Compliance.................     21

Householding of Annual Meeting Materials................................     21

Other Matters...........................................................     21

Appendix A - Proposed Amendment to the Articles of Association of
Garmin Ltd..............................................................    A-1




                                 PROXY STATEMENT

     The accompanying proxy is solicited by the Board of Directors  ('Board') of
Garmin Ltd., a Cayman Islands  company,  ('Garmin' or the 'Company' ) for use at
the Annual General Meeting of Shareholders  (the 'Annual Meeting') to be held at
10:00  a.m.,  Central  Time,  on  Friday,  June  6,  2003,  at the  Ritz-Charles
Conference Center,  9000 West 137th Street,  Overland Park, Kansas 66221, and at
any adjournment(s) or postponement(s)  thereof for the purposes set forth herein
and in the  accompanying  Notice of Annual Meeting of  Shareholders.  This Proxy
Statement and the accompanying proxy card are first being mailed to shareholders
on or about May 1, 2003.


                 INFORMATION CONCERNING SOLICITATION AND VOTING

Proposals

     At the Annual Meeting, the Garmin Board intends to present (a) the election
of two  directors,  (b) the  appointment  of  Ernst & Young  LLP as  independent
auditors  for fiscal  year 2003 at  remuneration  to be  approved  by the Garmin
Board,  and (c) an amendment to the  Articles of  Association  of the Company to
permit the  Company to be able to comply with  certain new rules  adopted by the
SEC and with the  Sarbanes-Oxley  Act of 2002. In accordance  with the Company's
Articles of Association, the Company's audited consolidated financial statements
for the fiscal year ending  December  28, 2002 will be  presented  at the Annual
Meeting.  There is no requirement under the Company's Articles of Association or
Cayman Islands law that such financial  statements be approved by  shareholders,
and no such  approval  will be sought at the Annual  Meeting.  The Garmin  Board
knows of no other  matters  that  will be  presented  or voted on at the  Annual
Meeting.  Shareholders  do not have  any  dissenters'  rights  of  appraisal  in
connection with either of the proposals.


Record Date and Shares Outstanding

     Shareholders  of  record at the close of  business  on April 18,  2003 (the
'Record Date') are entitled to notice of, and to vote at, the Annual Meeting. At
the Record  Date,  the Company  had issued and  outstanding  107,978,307  common
shares, par value $0.01 per share ('Common Shares').


Revocability of Proxies

     Any proxy given pursuant to this  solicitation may be revoked by the person
giving it at any time  before  its use by  delivering  to the  Company a written
notice of  revocation  or a fully  executed  proxy  bearing  a later  date or by
attending the meeting and voting in person.


Solicitation of Proxies

     The cost of soliciting proxies will be borne by the Company. In addition to
soliciting   shareholders  by  mail  and  through  its  regular   employees  not
specifically  engaged or compensated for that purpose,  the Company will request
banks and brokers,  and other  custodians,  nominees and  fiduciaries to solicit
their  customers who have shares of the Company  registered in the names of such
persons  and,  if  requested,   will  reimburse   them  for  their   reasonable,
out-of-pocket costs. The Company may use the services of its officers, directors
and  others  to  solicit  proxies,  personally  or by  telephone,  facsimile  or
electronic mail, without additional compensation.



Voting

     Each shareholder is entitled to one vote on the proposals presented in this
Proxy  Statement  for each  share  held.  There is no  cumulative  voting in the
election of directors.  The required  quorum for the  transaction of business at
the Annual Meeting is a majority of the Common Shares issued and  outstanding on
the  Record  Date.  The  affirmative  vote of a majority  of the  Common  Shares
represented  and voting at the meeting in person or by proxy is required for the
election of directors  and the  appointment  of the  independent  auditors.  The
affirmative  vote of 75% of the  Common  Shares  represented  and  voting at the
meeting in person or by proxy is required  for  approval of an  amendment to the
Articles of Association of the Company (a 'Special Resolution').


Absentions and Broker Non-Votes

     Pursuant to Cayman Islands law, (i) shares represented at the meeting whose
votes are withheld on any matter,  (ii) shares which are  represented by 'broker
non-votes'  (i.e.,  shares held by brokers or nominees which are  represented at
the meeting but with respect to which the broker or nominee is not  empowered to
vote on a particular proposal) and (iii) shares which abstain from voting on any
matter are not included in the determination of the shares voting on such matter
but are counted for quorum purposes.

How Shareholders Vote

     Shareholders  holding  Common  Shares in their own names on the Record Date
('Record Holders'),  persons ('Plan Participants')  holding Common Shares on the
Record Date through the Garmin International,  Inc. 401(k) and Pension Plan (the
'401(k) Plan') and investors ('Broker  Customers')  holding Common Shares on the
Record Date through a broker or other nominee, may vote such shares as follows:

         Common Shares of Record

     Record  Holders  may only vote their  shares if they or their  proxies  are
present at the Annual  Meeting.  Record  Holders  may appoint as their proxy the
Proxy  Committee,  which  consists of  officers  of the Company  whose names are
listed on the Proxy Card.  The Proxy  Committee  will vote all Common Shares for
which it is the proxy as specified  by the  shareholders  on the Proxy Cards.  A
Record Holder  desiring to name as proxy someone other than the Proxy  Committee
may do so by crossing out the names of the Proxy Committee  members on the Proxy
Card and inserting the full name of such other person.  In that case, the Record
Holder  must sign the Proxy Card and  deliver it to the  person  named,  and the
person named must be present and vote at the Annual Meeting.

     If a properly  executed and  unrevoked  Proxy Card does not specify how the
shares represented  thereby are to be voted, the Proxy Committee intends to vote
such  shares for the  election as  directors  of the  persons  nominated  by the
Company's Board of Directors ('Board Nominees'), for approval of the appointment
of Ernst & Young LLP as independent  auditors at  remuneration to be approved by
the Board of Directors,  for an amendment to the Articles of  Association of the
Company,  and in accordance with the discretion of the Proxy Committee upon such
other matters as may properly come before the Annual Meeting.

         Common Shares Held Under the 401(k) Plan

     Plan Participants may on the voting  instructions card instruct the trustee
of the  401(k)  Plan  how to vote  the  shares  allocated  to  their  respective
participant   accounts.   Common  Shares  for  which  inadequate  or  no  voting
instructions  are  received  generally  will be voted by the trustee in the same
proportion as those shares for which  instructions  were actually  received from
Plan  Participants.  The trustee of the 401(k) Plan may vote shares allocated to
the accounts of the participants either in person or through a proxy.




         Common Shares Held Through a Broker or Other Nominee

     Each broker or nominee must solicit from the Broker Customers directions on
how to vote the Company's shares,  and the broker or nominee must then vote such
shares in accordance  with such  directions.  Brokers or nominees are to forward
soliciting  materials to the Broker Customers,  at the reasonable expense of the
Company if the broker or nominee requests reimbursement. Most broker-dealers are
members of the National Association of Securities Dealers,  which generally does
not allow them to vote shares held in street name unless they are  permitted  to
do so under the rules of a national  securities  exchange to which they  belong.
Whether brokers who are members of the New York Stock Exchange ('NYSE') may vote
the shares of Broker Customers when they have not received directions depends on
the  proposal  and the rules  and  procedures  of the  NYSE.  If you do not give
directions  with respect to your shares held in street name and your broker does
not vote them,  those  shares  will have no effect on the  outcome of any matter
voted on at the Annual Meeting.


         Revoking Proxy Authorizations or Instructions

     Until  the  polls  close  (or in the case of Plan  Participants,  until the
trustee of the 401(k) Plan vote) votes of Record Holders and voting instructions
of Plan  Participants  may be recast with a later-dated,  properly  executed and
delivered Proxy Card or, in the case of Plan Participants,  a voting instruction
card.  Otherwise,  shareholders  may not revoke a vote,  even by  attending  the
Annual Meeting, unless: (a) in the case of a Record Holder, a written revocation
is  delivered to the  Corporate  Secretary of the Company at any time before the
Chairman  of the Annual  Meeting  closes  the  polls;  (b) in the case of a Plan
Participant,  the  revocation  procedures  of the trustee of the 401(k) Plan are
followed; or (c) in the case of a Broker Customer,  the revocation procedures of
the broker or nominee are followed.


         Attendance and Voting in Person at the Annual Meeting

     Attendance  at the Annual  Meeting  is  limited to Record  Holders or their
properly appointed  proxies,  beneficial owners of Common Shares having evidence
of such  ownership,  and guests of the  Company.  Plan  Participants  and Broker
Customers,  absent special  direction to the Company from the respective  401(k)
Plan  trustee,  broker or nominee,  may only vote by  instructing  the  trustee,
broker  or  nominee  and may not cast a ballot  at the  Annual  Meeting.  Record
Holders who have not appointed a proxy, or who have revoked the appointment of a
proxy, may vote by casting a ballot at the Annual Meeting.




           STOCK OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

     As of the Record Date,  the Company had  outstanding  107,978,307  Common
Shares.  The  following  table sets  forth  information  as of the  Record  Date
concerning the beneficial  ownership of Common Shares by: (i) beneficial  owners
of Common Shares who have  publicly  filed a report  acknowledging  ownership of
more than 5% of the number of outstanding Common Shares;  (ii) the directors and
certain  executive  officers  of the  Company;  and (iii)  all of the  Company's
executive  officers and  directors as a group.  Beneficial  ownership  generally
means either the sole or shared  power to vote or dispose of the shares.  Except
as otherwise noted, to the Company's  knowledge the holders have sole voting and
dispositive  power.  No  officer  or  director  of the  Company  owns any equity
securities of any subsidiary of the Company.

                                          Common Shares(1)           Percent of
                                                                      Class(2)

         Name and Address


Gene M. Betts(3)                            2,103(4)                    *
  Director

Gary L. Burrell(5)                     17,164,304(6)                 15.9%
  Director and Co-Chairman

Donald H. Eller, Ph.D.(7)              15,137,715(8)                14.02%
  Director

Andrew R. Etkind(9)                         9,895(10)                   *
  General Counsel and Corporate
  Secretary

Min H. Kao, Ph.D.(11)                  10,846,998(12)               10.05%
  Director, Co-Chairman and CEO

Gary Kelley(13)                             5,043                       *
  Director of Marketing,
  Garmin International, Inc.

Kevin Rauckman(14)                         10,829(15)                   *
  Chief Financial Officer
  and Treasurer

Thomas A. McDonnell(16)                    22,103(17)                   *
  Director

Ruey-Jeng Kao(18)                       6,973,381                     6.5%
  Shareholder

All Executive Officers and             43,198,990(19)                  40%
  Directors as a Group
  (8 persons)




 *     Less than 1% of the outstanding Common Shares
(1)    Beneficial  ownership is determined in accordance  with the rules of the
       SEC. In computing the number of shares  beneficially  owned by a person
       and the percentage  ownership of that person,  shares subject to options
       held by that person that are currently exercisable at the Record Date or
       within 60 days of such date are deemed outstanding. The holders may dis-
       claim beneficial  ownership of any such shares that are owned by or with
       family  members,  trusts or other  entities.  Except as indicated in the
       footnotes to this table and pursuant to applicable community property
       laws, each shareholder named in the table has sole voting power and
       investment power with respect to the shares set forth opposite such
       shareholder's name.
(2)    The percentage is based upon the number of shares outstanding as of the
       Record Date and computed as described in footnote (1) above.
(3)    Mr. Betts' address is c/o Sprint Corporation, 6200 Sprint Parkway, Mail
       Stop KSOPMF0310-3A353,  Overland Park, Kansas 66251.
(4)    Mr. Betts'  beneficial  ownership  includes 2,103 shares that may be
       acquired  through  options that are currently exercisable or will become
       exercisable within 60 days of the Record Date.
(5)    Mr. Burrell's address is c/o Garmin International, Inc., 1200 East 151st
       Street, Olathe, Kansas 66062.
(6)    The amount of Common Shares  reported  includes  431,782  Common  Shares
       held by Judith M. Burrell, Mr. Burrell's  wife,  over which Mr. Burrell
       does not have any voting or  dispositive  power.  Mr.  Burrell disclaims
       beneficial ownership of these shares owned by his wife. The amount of
       Common Shares reported excludes  1,641,707  Common Shares held by the
       Gary L. Burrell 2000 Grantor Retained Annuity Trust and 1,641,707 Common
       Shares held by the Judith M. Burrell 2000 Grantor Retained Annuity Trust.
       Mr. Burrell does not have any voting power or dispositive power over such
       shares and disclaims beneficial ownership.
(7)    Dr. Eller's address is 3111 Bel Air Drive, #18G, Las Vegas, Nevada 89109.
(8)    The  number of Common  Shares  over  which Dr. Eller has sole voting and
       dispositive power includes 6,766,214 Common Shares owned by the Min-Hwan
       Kao 2000 Grantor Retained Annuity Trust and 6,766,214 Common Shares owned
       by the Yu Fan C. Kao 2000 Grantor Retained Annuity Trust. Dr. Eller
       serves as sole trustee of each of these trusts. Dr. Eller's beneficial
       ownership includes 400,000 shares subject to variable prepaid forward
       agreements and 2,103 shares that may be acquired through options that are
       currently exercisable or will become exercisable within 60 days of the
       Record Date.
(9)    Mr. Etkind's address is c/o Garmin International, Inc., 1200 East 151st
       Street, Olathe, Kansas 66062.
(10)   Mr. Etkind's beneficial  ownership includes 150 shares held in the 401(k)
       Plan and 4,800 shares that may be acquired through options that are
       currently exercisable or will become exercisable within 60 days of
       the Record Date.
(11)   Dr. Kao's address is c/o Garmin International, Inc., 1200 East 151st
       Street, Olathe, Kansas 66062.
(12)   Of the  10,846,998  Common  Shares, (i) 6,166,844 Common Shares are held
       by the Min-Hwan Kao Revocable Trust 9/28/95, over which Dr. Kao has sole
       voting and dispositive power,  (ii) 2,448,928 Common Shares are held by
       Dr. Kao's children over which he does not have any voting or dispositive
       power, (iii) 2,224,126  Common Shares are held by the Yu-Fan C. Kao
       Revocable Trust 9/28/95,  over which Dr. Kao does not have any voting or
       dispositive  power, (iv) 700 shares are held by his wife, over which Dr.
       Kao does not have any voting or dispositive  power, and (v) 6,400 Common
       Shares are held jointly by Dr. Kao and his wife.  Dr. Kao disclaims
       beneficial ownership of those shares owned by the Yu-Fan C. Kao Revocable
       Trust 9/28/95 and by his wife and  children.  The amount of Common Shares
       reported  excludes 6,766,214 Common Shares held by the Min-Hwan Kao 2000
       Grantor Retained Annuity Trust (the 'Min Kao GRAT') and 6,766,214 Common
       Shares held by the Yu-Fan C. Kao 2000 Grantor Retained Annuity Trust (the
       'Yu-Fan Kao GRAT') over which Dr. Kao does not have any voting  power or
       dispositive power. Yu Fan C. Kao is the wife of Dr. Kao. Dr. Kao
       disclaims  beneficial  ownership  of such shares.  Dr. Eller is the
       trustee of the Min Kao GRAT and the Yu-Fan Kao GRAT.
(13)   Mr. Kelley's address is c/o Garmin International, Inc., 1200 East 151st
       Street, Olathe, Kansas 66062.
(14)   Mr. Rauckman's address is c/o Garmin International, Inc., 1200 East 151st
       Street, Olathe, Kansas 66062.
(15)   Mr. Rauckman's  beneficial ownership includes 6,000 shares that may be
       acquired through options that are currently exercisable or will become
       exercisable within 60 days of the Record Date.
(16)   Mr. McDonnell's address is c/o DST Systems, Inc., 333 West 11th Street,
       Kansas City, Missouri 64105.
(17)   Mr. McDonnell's  beneficial ownership includes 2,103 shares that may be
       acquired through options that are currently exercisable or will become
       exercisable within 60 days of the Record Date.
(18)   Mr. Kao's address is c/o Fortune Land Law Offices, 8th Floor, 132, Hsinyi
       Road,  Section 3, Taipei, Taiwan.  The information is based on Amendment
       No. 1 filed  January 30,  2003 to Schedule  13G filed February 9, 2001.
(19)   The number includes 25,109 shares that may be acquired  through options
       that are currently exercisable or will become exercisable within 60 days
       of the Record Date.



Presentation of Financial Statements

          In  accordance  with  the  Company's  Articles  of  Association,   the
     Company's  audited  consolidated  financial  statements for the fiscal year
     ending December 28, 2002 will be presented at the Annual Meeting.  There is
     no  requirement  under the  Company's  Articles  of  Association  or Cayman
     Islands law that such financial statements be approved by shareholders, and
     no such approval will be sought at the Annual Meeting.


                     PROPOSAL 1 - ELECTION OF TWO DIRECTORS

     The  Company's  Articles of  Association  classify the  Company's  Board of
Directors  into three  classes and stagger the three year terms of each class to
expire in consecutive years.

     The  Company's  nominees  for  election at this Annual  Meeting are Gary L.
Burrell and Min H. Kao. Mr. Burrell and Dr. Kao are being nominated as Class III
directors to hold office for a three-year term expiring in 2006.

     Mr. Burrell and Dr. Kao are currently directors of the Company. Mr. Burrell
is  Co-Chairman of the Company and Dr. Kao is  Co-Chairman  and Chief  Executive
Officer of the Company.  Mr.  Burrell and Dr. Kao were appointed as directors by
the subscribers to the Company's  Memorandum of Association in August 2000 for a
term expiring on the date of this Annual  Meeting.  Mr. Burrell and Dr. Kao have
indicated  that they are willing and able to continue  serving as  directors  if
elected and have  consented to being named as nominees in this Proxy  Statement.
If any of these nominees should for any reason become  unavailable for election,
the Proxy  Committee  will vote for such other nominee as may be proposed by the
Company's Board of Directors.



[Photo]   Gary L.  Burrell,  age 65, has served as  Co-Chairman  of the
          Company  since  August  2000.  He also  served as  Co-Chief  Executive
          Officer of the Company from August 2000 to August 2002.  He has been a
          director  of  Garmin  Corporation  since  January  1990.  He served as
          President of Garmin  Corporation  from January 1990 to December  1998.
          Mr. Burrell has also been Chairman of Garmin International, Inc. since
          March 2002, and a director of Garmin International,  Inc. since August
          1990. He served as President of Garmin International, Inc. from August
          1990 to March 2002.  Mr. Burrell has been Chairman of Garmin USA, Inc.
          since  March 2002 and a director of Garmin USA,  Inc.  since  December
          2001. He served as President of Garmin USA, Inc. from December 2001 to
          March 2002.  Mr.  Burrell has been a director  and  Chairman of Garmin
          (Europe) Ltd. since 1992. Mr. Burrell was a director of Garmin Foreign
          Sales  Corporation  from May 1998 to December  2001 and  President  of
          Garmin  Foreign  Sales  Corporation  from July 1998 to December  2001.
          Garmin Corporation,  Garmin International,  Inc., Garmin USA, Inc. and
          Garmin  (Europe)  Ltd.  are  subsidiaries  of the  Company  and Garmin
          Foreign  Sales  Corporation  was a subsidiary of the Company until its
          dissolution  in  December  2001.  Mr.  Burrell  holds a BS  degree  in
          Electrical  Engineering  from Wichita State University and a MS degree
          in Electrical Engineering from Rensselaer Polytechnic Institute.


[Photo]   Min H. Kao, age 54, has served as  Co-Chairman  of the Company
          since August  2000.  He has served as Chief  Executive  Officer of the
          Company since August 2002 and previously served as Co-Chief  Executive
          Officer  from August 2000 to August  2002.  He has been  President  of
          Garmin  Corporation  since  January  1999 and  Chairman and a director
          since   January   1990.   Dr.  Kao  has  been   President   of  Garmin
          International,  Inc.  since  March  2002  and  a  director  of  Garmin
          International,  Inc. since August 1990. He served as Vice President of
          Garmin International,  Inc. from April 1991 to March 2002. Dr. Kao has
          been  President of Garmin USA, Inc. since March 2002 and a director of
          Garmin


          USA, Inc.  since  December 2001. He served as Vice President of
          Garmin USA,  Inc.  from  December  2001 to March  2002.  He has been a
          director of Garmin (Europe) Ltd. since 1992. Dr. Kao was a director of
          Garmin  Foreign Sales  Corporation  from May 1998 to December 2001 and
          Vice President of Garmin Foreign Sales  Corporation  from July 1998 to
          December 2001. Garmin Corporation, Garmin International,  Inc., Garmin
          USA, Inc. and Garmin (Europe) Ltd. are subsidiaries of the Company and
          Garmin Foreign Sales Corporation was a subsidiary of the Company until
          its  dissolution  in December 2001. Dr. Kao holds Ph.D. and MS degrees
          in Electrical  Engineering  from the  University of Tennessee and a BS
          degree in Electrical Engineering from National Taiwan University.


          THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT YOU VOTE 'FOR'
THESE NOMINEES.


                PROPOSAL 2 - APPOINTMENT OF ERNST & YOUNG LLP AS
          INDEPENDENT AUDITORS FOR THE 2003 FISCAL YEAR AT REMUNERATION
                    TO BE APPROVED BY THE BOARD OF DIRECTORS


     Ernst & Young LLP has served as the Company's  independent  auditors  since
2000 and has served as the  independent  auditors for Garmin  Corporation  since
1990 and for Garmin  International,  Inc. since 1991. The Board of Directors has
nominated Ernst & Young LLP for appointment by the shareholders as the Company's
independent auditors for the 2003 fiscal year. A representative of Ernst & Young
LLP is expected to be present at the Annual Meeting to respond to  shareholders'
questions  and will have the  opportunity  to make a  statement  if he or she so
desires.

          THE BOARD OF DIRECTORS UNANIMOUSLY  RECOMMENDS THAT YOU VOTE 'FOR' THE
     APPOINTMENT  OF  ERNST & YOUNG  LLP AS  INDEPENDENT  AUDITORS  FOR THE 2003
     FISCAL YEAR AT REMUNERATION TO BE APPROVED BY THE BOARD OF DIRECTORS.


           PROPOSAL 3 - AN AMENDMENT TO THE ARTICLES OF ASSOCIATION OF
             THE COMPANY TO PERMIT THE COMPANY TO BE ABLE TO COMPLY
                    WITH CERTAIN NEW RULES ADOPTED BY THE SEC
                     AND WITH THE SARBANES-OXLEY ACT OF 2002

     The  Sarbanes-Oxley Act of 2002 imposes certain  responsibilities  on audit
committees of public companies,  and the SEC has adopted new rules in connection
with certain responsibilities of and requirements for audit committees of public
companies.  The new rules  include  among other things that the audit  committee
must be directly  responsible for the appointment,  compensation,  retention and
oversight of the work of any registered  public  accounting firm engaged for the
purpose of  preparing  or issuing an audit  report or  performing  other  audit,
review or attest services for the issuer,  and the registered  public accounting
firm must report  directly to the audit  committee.  The  Company's  Articles of
Association,  as currently in effect,  provide for appointment of the auditor by
the  shareholders  and the fixing of the  auditor's  remuneration  by either the
shareholders or the Board.

     In order to permit the Company to be able to comply with the  provisions of
the  Sarbanes-Oxley  Act of 2002 and the new rules  adopted by the SEC, on April
16,  2003,  the Board of Directors  approved in an action by  unanimous  written
consent a proposed  amendment  to the  Company's  Articles  of  Association  and
recommended  submission of such  proposed  amendment for a vote by the Company's
shareholders  at the Annual  Meeting.  The proposed  amendment to the  Company's
Articles of Association includes changes to certain Articles as follows:

     o  The reference in Article 2(b) to Article 143 shall be changed to
        Article 141.


     o  Article 2(c) shall be amended to read as follows: 'Auditors' shall mean
        the persons for the time being performing the duties of auditors of the
        Company;

     o  Current Article 140 shall be deleted in its entirety and current Article
        141 shall be renumbered Article 140 and shall be amended to read as
        follows:

               The  appointment of and provisions  relating to Auditors shall be
               in  accordance  with  applicable  law and the relevant  rules and
               regulations  of the  Exchange on which the  Company's  shares are
               listed.  In the event that the Company's shares are not listed on
               an  Exchange,  the  appointment  of and  provisions  relating  to
               Auditors shall be in accordance with applicable law and the Board
               may appoint the Auditors who shall hold office until removed from
               office by a resolution  of the Board and the Board may  determine
               the remuneration of the Auditors.

     o  Current Article 142 shall be deleted in its entirety.

     o  Current Article 143 shall be renumbered Article 141 and shall be
        amended to read in its entirety as follows:

               For so  long as the  shares  of the  Company  are  quoted  on the
               Exchange, it shall establish and maintain an Audit Committee as a
               committee  of the Board  PROVIDED  ALWAYS THAT  unless  otherwise
               permitted by applicable  law and the rules of the Exchange  there
               shall be a minimum of three  members of the Audit  Committee  and
               all of the members of the Audit  Committee  shall be  Independent
               Directors.  The Audit  Committee  shall  comply with the rules or
               regulations of the Exchange as  promulgated  from time to time so
               long as the shares of the Company are listed on the Exchange. The
               responsibilities  of the Audit  Committee  shall include all such
               matters  as are  required  by  applicable  law and the  rules and
               regulations of the Exchange.

     o  Current Articles 144 through 158 shall be renumbered sequentially as
        Articles 142 through 155 and the references to Article 152 in the
        current Article 152 shall be amended to read Article 149 to reflect the
        sequential renumbering of Article 152 to 149.

     A copy of the  proposed  amendment  is attached to this proxy  statement as
Appendix A. If approved by the shareholders at the Annual Meeting, the amendment
will become effective upon the Special Resolution to approve the amendment being
passed.  Pursuant to the requirements of the Cayman Islands  Companies Law (2002
Revision),  a copy of the Special  Resolution  giving effect to the amendment is
required  to be filed with the  Registrar  of  Companies  in the Cayman  Islands
within 15 days of the date of the passing of the Special Resolution.


     THE  BOARD OF  DIRECTORS  UNANIMOUSLY  RECOMMENDS  THAT YOU VOTE  'FOR' THE
AMENDMENT TO THE ARTICLES OF ASSOCIATION OF THE COMPANY TO PERMIT THE COMPANY TO
BE ABLE TO  COMPLY  WITH  CERTAIN  NEW  RULES  ADOPTED  BY THE SEC AND  WITH THE
SARBANES-OXLEY ACT OF 2002


                             THE BOARD OF DIRECTORS

Information about present directors

     In addition to the Board  nominees who are described  under Proposal 1, the
following  individuals are also on the Company's Board, for a term ending on the
date of the Annual Meeting of shareholders in the year indicated.




               Directors Serving Until the Annual Meeting in 2004

[Photo]        Gene M. Betts, age 50, has been a director of the Company
               since March 2001.  Mr. Betts has been a Senior Vice  President of
               Sprint  Corporation  ('Sprint') since 1990 and has been Treasurer
               of Sprint since 1998.  In these  positions  his  responsibilities
               include  capital  markets and  treasury  operations,  mergers and
               acquisitions,  taxes, corporate financial planning and budgeting,
               pension and savings trust  management,  and risk  management  and
               loss prevention for Sprint and all of its subsidiaries. Mr. Betts
               is a Certified Public Accountant.  Prior to joining Sprint he was
               a partner in Arthur Young & Co. (now Ernst & Young). Mr. Betts is
               a  director  of  seven  registered  investment  companies  in the
               Buffalo Funds complex.


[Photo]        Thomas A.  McDonnell,  age 57, has been a director of the
               Company since March 2001. Mr. McDonnell has been President of DST
               Systems,  Inc.  ('DST') since January 1973 (except for a 30-month
               period from October 1984 to April 1987),  Chief Executive Officer
               of DST since 1984 and a director of DST since 1971.  He is also a
               director  of BHA Group  Holdings,  Inc.,  Blue  Valley Ban Corp.,
               Commerce Bancshares, Inc., Computer Sciences Corporation,  Kansas
               City Southern and Euronet Worldwide, Inc.



                Director Serving Until the Annual Meeting in 2005

[Photo]        Donald H.  Eller,  age 60,  has been a  director  of the
               Company since March 2001. Dr. Eller is a private  investor.  From
               September  1979 to  November  1982 he  served as the  Manager  of
               Navigation System Design for a division of Magnavox  Corporation.
               From January 1984 to December  1996 he served as a consultant  on
               Global  Positioning  Systems and other  navigation  technology to
               various U.S. military agencies and U.S. and foreign corporations.
               Dr.  Eller  holds  B.S.,  M.S.  and Ph.D.  degrees in  Electrical
               Engineering from the University of Texas.



Board of Directors Meetings and Standing Committee Meetings

Meetings

     The Board of  Directors  held five  meetings  and took action by  unanimous
written  consent twice during the fiscal year ended December 28, 2002. The Board
of Directors has established three standing committees, the Audit Committee, the
Compensation  Committee  and the  Nominating  Committee.  During the 2002 fiscal
year,  the Audit  Committee held four meetings and took action once by unanimous
written consent. The Compensation  Committee held five meetings.  The Nominating
Committee  was  established  in February 2003 and,  therefore,  did not hold any
meetings in 2002. No director  attended  fewer than 75% of the aggregate of: (1)
the total number of meetings of the Board of Directors  and (2) the total number
of meetings held by all committees on which such director served.

Audit Committee

     Messrs.  Betts, Eller and McDonnell  (Chairman) serve as the members of the
Audit  Committee.  The Board of Directors has adopted a written  charter for the
Audit  Committee.  The primary  responsibilities  of the Audit  Committee are to
oversee the Company's  financial  reporting processes on behalf of the Board, to
review the audited  financial  statements  of the Company and to  recommend  the
appointment of, and approve the fee arrangement with, the Company's  independent
auditors. The members of the Audit Committee are independent (as


independence  is defined in Rule  4200(a)(14)  of the  National  Association  of
Securities Dealers' listing standards).

Compensation Committee

     Messrs.  Betts (Chairman),  Eller and McDonnell serve as the members of the
Compensation  Committee.   The  primary  responsibilities  of  the  Compensation
Committee are to make determinations  with respect to compensation  arrangements
for the Company's  executive  officers and to administer  the Company's  benefit
plans,  including the  Company's  2000 Equity  Incentive  Plan and the Company's
Employee  Stock Purchase  Plan.  The members of the  Compensation  Committee are
independent  (as  independence  is defined in Rule  4200(a)(14)  of the National
Association of Securities Dealers listing standards).


Nominating Committee

     Messrs.  Betts,  Eller (Chairman) and McDonnell serve as the members of the
Nominating Committee.  The primary  responsibilities of the Nominating Committee
are to make  recommendations  to the Board  concerning  all  nominees  for Board
membership,  to  recruit  candidates  for new  directors  as  necessary  to fill
vacancies, to evaluate the qualifications and performance of incumbent directors
and to establish and periodically re-evaluate criteria for Board membership. The
members of the Nominating  Committee are independent (as independence is defined
in Rule  4200(a)(14) of the National  Association of Securities  Dealers Listing
Standards).


Compensation Committee Interlocks and Insider Participation;
Certain Relationships

     None of the members of the Compensation  Committee is, or has ever been, an
officer or employee of the Company or any of its subsidiaries.  During 2002, the
Company had no compensation committee interlocks.

     Gene M. Betts,  a director of Garmin,  is a Senior Vice President of Sprint
Corporation.  Garmin International,  Inc. made payments to Sprint Corporation in
2002 for long-distance  telephone services.  These payments did not exceed 5% of
either  Garmin's  consolidated  net  sales of the  2002  fiscal  year or  Sprint
Corporation's consolidated gross revenues for its last full fiscal year.


Compensation of Directors

     Directors  who are officers or employees of Garmin or its  subsidiaries  do
not  receive  any fees or other  compensation  for  service  on the Board or its
committees.  Except as set forth  below,  no fees were paid  during  2002 to any
director or Named Executive Officer (as defined herein) of Garmin for service on
any board of directors of any subsidiary of Garmin.

     During 2002, the Outside  Directors  (those  directors who are not officers
of,  and not  otherwise  employed  by Garmin or its  subsidiaries)  were paid an
annual retainer of $10,000. In addition,  the Outside Directors were paid $1,000
for each Board meeting  attended in person or $350 for attending a Board meeting
convened by  teleconference.  For each committee  meeting convened on a separate
day from a Board meeting,  the Outside  Directors were also paid $1,000 for each
committee  meeting attended in person or $350 for attending a committee  meeting
convened by  teleconference.  During 2002,  the Chairman of the Audit  Committee
received  an  additional  annual  fee  of  $3,000,   and  the  Chairman  of  the
Compensation Committee received an additional annual fee of $1,500.

     As from the date of the 2003 Annual  Meeting,  the  compensation of Outside
Directors  has been changed as follows.  Each Outside  Director  will receive an
annual retainer of $15,000.  In addition,  each Outside  Director is paid $1,000
for each Board meeting  attended in person or $350 for attending a Board meeting
convened by teleconference.  For each Audit Committee meeting attended in person
or convened by teleconference, each Outside Director is


paid $1,000.  For each  Compensation  Committee or Nominating  Committee meeting
convened on a separate day from a Board meeting,  each Outside  Director is paid
$1,000 for each  committee  meeting  attended in person or $350 for  attending a
committee meeting convened by teleconference.  Directors are also reimbursed for
reasonable travel expenses for attending Board and Committee meetings.

     The Outside  Directors may also be granted awards,  including among others,
options  to  buy  Garmin  Common  Shares,  pursuant  to  the  2000  Non-Employee
Directors'  Option Plan,  as  determined  by the  Committee  (as defined in such
plan).

     Each year at the Annual Meeting,  each Outside Director will  automatically
be  granted  an option  for a number of shares  equal to four  times the  annual
retainer  divided by the fair market  value of a share on the grant date.  If an
Outside  Director first joins the Board at a time other than the Annual Meeting,
he or she will  receive a pro-rata  grant for that year.  The  per-share  option
price will be 100% of the fair market  value of a share on the grant  date.  The
option will vest in equal installments over three years, subject to acceleration
in the event the Outside Director  terminates his or her directorship on account
of death,  disability  or an  involuntary  termination  within  one year after a
change of control of Garmin. These options will have a term of 10 years, subject
to earlier termination on certain  terminations of the director's service on the
Board.

     In 2002 each Outside  Director  received an  automatic  grant of options to
purchase 1,686 of the Company's Common Shares.

     Under Taiwan  banking  practice,  the  directors of a company are generally
required to  personally  guarantee  the company's  loans and  mortgages.  During
fiscal year 2002, Dr. Kao and Mr. Burrell,  as directors of Garmin  Corporation,
each received  compensation from Garmin Corporation in the amount of $48,288 for
their personal guarantees of Garmin Corporation's obligations.


                                  AUDIT MATTERS

Report of Audit Committee

     The Audit Committee  reviewed and discussed the Company's audited financial
statements for the fiscal year ended December 28, 2002 with  management and with
Ernst & Young LLP,  the  Company's  independent  auditors.  The Audit  Committee
received management's representation and the opinion of the independent auditors
that the Company's audited financial statements were prepared in accordance with
accounting  principles  generally  accepted  in the  United  States.  The  Audit
Committee also discussed with the Company's independent auditors during the 2002
fiscal  year the matters  required  to be  discussed  by  Statement  of Auditing
Standards No. 61 (Communication with Audit Committees), as amended.

     The Audit Committee received from Ernst & Young LLP the written disclosures
and  the  letter  required  by  Independence  Standards  Board  Standard  No.  1
(Independence  Discussions  with Audit  Committees)  and discussed  with Ernst &
Young LLP the independence of their firm.

     Based upon such review and discussions,  the Audit Committee recommended to
the Company's Board of Directors,  and the Board of Directors approved, that the
audited financial  statements be included in the Company's Annual Report on Form
10-K for the fiscal year ended December 28, 2002, for filing with the Securities
and Exchange Commission.

Audit Committee

Thomas A. McDonnell, Chairman
Gene M. Betts
Donald H. Eller


Principal Accounting Firm Fees

     The following  table sets forth the aggregate fees billed to Garmin for the
fiscal year ended  December 28, 2002 and the fiscal year ended December 29, 2001
by Garmin's principal accounting firm, Ernst & Young LLP:

                                             2002                2001
Audit Fees................................ $ 298,150           $ 261,627
Audit Related Fees........................ $  36,440(a)(b)     $  49,254(a)(b)
Tax Fees.................................. $ 509,051(b)(c)     $ 604,327(b)(c)
All Other Fees.............................$  42,648(b)(d)     $   1,152(b)
                                           $ 886,289           $ 916,360
                                            ________            ________

-------------------

(a)  Audit related fees for 2002 comprise $17,500 for financial statements audit
     of employee  benefit plans,  $10,000 for stand-alone  financial  statements
     audit of a subsidiary,  $7,065 for internal  controls review and $1,875 for
     annual  subscription  to EY Online.  Audit  related fees for 2001  comprise
     $22,300 for financial statement audit of employee benefit plans; $7.500 for
     stand-alone  financial  statements  audit of a  subsidiary  and $19,454 for
     transaction due diligence.

(b)  The Audit Committee has considered  whether the provision of these services
     is compatible with maintaining the independence of Ernst & Young LLP.

(c)  Tax fees for 2002  comprises  $244,337 for tax  compliance/preparation  and
     $264,714  for tax  planning  and tax  advice.  Tax fees  for 2001  comprise
     $173,590 for tax  compliance/preparation  and $430,737 for tax planning and
     tax advice.

(d)  Comprises $35,370 for consulting services related to employee benefit plans
     and $7,278 for miscellaneous advice.



                         EXECUTIVE COMPENSATION MATTERS


Compensation Committee Report on Executive Compensation

     Compensation Principles The Compensation Committee's executive compensation
philosophy  is  based  on the  belief  that  fair,  reasonable  and  competitive
compensation is essential to attract,  motivate and retain highly  qualified and
industrious  executives.  In executing its compensation policy, the Compensation
Committee seeks to relate compensation with the Company's financial  performance
and business  objectives and reward high levels of individual  performance while
adhering to the  philosophy  established  by the Company's  founders which is to
foster a team environment where executive compensation is fair and equitable but
not disproportionate relative to that of other employees.

Executive Compensation Program

     The  compensation  of the Company's  executive  officers  consists of three
principal  elements:  base  salary,  cash bonus and awards under the 2000 Equity
Incentive  Plan.  In  determining  the annual base  salaries  for the  Company's
executives for 2002, the  Compensation  Committee  reviewed the  contribution of
each executive along with that of the Company's  non-executive key employees. In
determining  the annual base salaries,  cash bonuses and stock option awards for
executives  other  than Dr.  Kao and Mr.  Burrell,  the  Compensation  Committee
considered the  recommendations  of Dr. Kao and Mr. Burrell and each executive's
position, skills, responsibilities, achievements and tenure with the Company.

     Cash  bonuses  are  tied to the  Company's  achievement  of its  goals  and
objectives and the contribution of the executive to such achievements.


     Executive officer  compensation also includes long-term incentives afforded
by options to purchase  shares of the Company's  Common  Shares  pursuant to the
2000 Equity  Incentive Plan. The purposes of the Company's 2000 Equity Incentive
Plan are to strengthen key employees'  commitment to the success of the Company,
to stimulate employee efforts on behalf of the Company,  and to help the Company
attract new employees  with skills which are in high demand and retain  existing
key  employees.  Although the plan also permits the award of restricted  shares,
bonus shares, deferred shares, stock appreciation rights,  performance units and
performance  shares,  no such  awards  have been made under the plan.  Awards of
stock options during the year under the Company's 2000 Equity Incentive Plan are
made at the grant  date fair  market  value of the  Company's  Common  Shares as
quoted on the Nasdaq National  Market.  Making the awards at the grant date fair
market value  ensures that the options only become  valuable  upon the continued
appreciation of the Company's share price. Messrs.  Etkind,  Kelley and Rauckman
received  stock  option  grants in 2002  based upon  their  contribution  to the
Company's long-term growth and profitability.

     Chief Executive Officer's Compensation

     A base salary of $190,654 for Dr. Kao was  determined in the same manner as
the salaries of the Company's other executive officers. No options or cash bonus
were  awarded to Dr. Kao since he has a  significant  ownership  interest in the
Company and, therefore, already has a motivation to maximize shareholder value.

     A base  salary  of  $186,000  for Mr.  Burrell  (who was  co-CEO  until his
retirement in August 2002) was  determined in the same manner as the salaries of
the other  executive  officers.  No options  or cash  bonus were  awarded to Mr.
Burrell  since he has a  significant  ownership  interest  in the  Company  and,
therefore, already has a motivation to maximize shareholder value.

     Deductibility of Compensation

     Section  162(m) of the  Internal  Revenue  Code  limits a public  company's
deduction for federal income tax purposes of  compensation  expense in excess of
$1  million  paid to the  executive  officers  named  in the  company's  summary
compensation table.  Performance-based compensation which meets the requirements
of Section  162(m) is excluded from the  compensation  subject to the $1 million
deduction  limitation.  The Company  believes it has taken the steps required to
exclude from calculation of the $1 million  compensation  expense limitation any
performance-based  awards  granted under the 2000 Equity  Incentive  Plan to the
executive  officers  listed  in the  Summary  Compensation  Table of this  Proxy
Statement.

Compensation Committee
Gene M. Betts (Chairman)
Donald H. Eller
Thomas A. McDonnell


Stock Performance Graph

     The following graph  illustrates the cumulative  total  shareholder  return
(rounded to the nearest  whole dollar) of Garmin Common Shares during the period
beginning  December  8, 2000  (the date of  Garmin's  initial  public  offering)
through December 31, 2002, and compares it to the cumulative total return on the
Nasdaq Composite Total Return Index (U.S.) and the Nasdaq  Non-Financial  Stocks
Index.  The comparison  assumes a $100 investment on December 8, 2000, in Garmin
Common Shares and in each of the foregoing  indices and assumes  reinvestment of
dividends, if any.



                                           [Stock Performance Graph]




In Dollars                                 12/08/00 12/31/00 03/31/01 06/30/01 09/30/01 12/31/01 03/31/02 06/30/02 09/30/02 12/31/02


                                                                                                   
Garmin Limited                                  100       99      100      115       81      107      115      111       93      147
NASDAQ Composite Total Return Index (U.S.)      100       84       63       74       51       67       63       51       41       46
NASDAQ Non Financial Stocks Index               100       83       61       71       48       64       59       46       36       42




Summary Compensation Table

     The following table sets forth information about the compensation earned in
the fiscal years ended  December  28,  2002,  December 29, 2001 and December 30,
2000  by  the  Chief  Executive   Officer  and  our  other  executive   officers
(collectively, the 'Named Executive Officers').




                                                                                         Long-Term
                                                                                        Compensation
                                                 Annual Compensation(1)                    Awards
                                      ---------------------------------------------  -------------------
                                                                                         Securities
         Name and                                                                        Underlying
         Principal                                                 Other Annual           Options/             All Other
         Position             Year       Salary       Bonus        Compensation             SARs             Compensation
                                          ($)         ($)(2)           ($)                  (#)                   ($)
------------------------------------------------------------------------------------------------------------------------------
                                                                                                   
Min H. Kao, Ph.D.             2002    190,654            203            49,288(3)           ---                   20,146(4)
    Chief Executive           2001    181,571            203            49,556              ---                   18,443
    Officer and Co-           2000    173,329            203            54,034              ---                   18,028
    Chairman

Gary L. Burrell               2002    168,834            203            48,788(3)           ---                   18,039(6)
    Co-Chairman and           2001    181,571            203            49,556              ---                   18,443
    former Co-CEO(5)          2000    173,329            203            53,784              ---                   18,013

Andrew R. Etkind              2002    175,154         20,203               ---              8,500                 19,606(7)
   General Counsel and        2001    155,155         20,203               ---              6,500                 18,058
   Secretary                  2000    140,010         20,203               ---             17,500                 17,214

Gary Kelley                   2002    146,305                              ---              7,500                 18,775(9)
   Director of Marketing,     2001    138,905         22,703(8)            ---              5,000                 14,889
   Garmin International,      2000    131,365          6,203               ---             17,500                 14,161
    Inc.                                               6,203

Kevin Rauckman                2002    145,005         15,203               ---              7,500                 17,497(10)
   Chief Financial Officer    2001    130,325         15,203               ---              5,000                 16,268
   And Treasurer              2000    116,970         15,203               ---             12,500                 15,531
------------------------------------------------------------------------------------------------------------------------------


(1)  All  compensation  paid to the Named Executive  Officers was paid by Garmin
     International, Inc. to such Named Executive Officers in their capacities as
     officers and employees of Garmin International, Inc., except that the other
     annual   compensation   amounts  for  Dr.  Kao  and  Mr.  Burrell   include
     compensation to each from Garmin Corporation in the following amounts: 2002
     --  $48,288;  2001 -- $49,556 and 2000 -- $53,784.  Under  Taiwan law,  the
     directors of a company are required to  personally  guarantee the company's
     loans and  mortgages.  These amounts from Garmin  Corporation  were paid as
     compensation   for  the  personal   guarantees   of  Garmin   Corporation's
     obligations by Dr. Kao and Mr. Burrell.

(2)  Includes a holiday bonus paid to all employees in a fixed amount of $203.

(3)  Includes $48,288 in compensation from Garmin  Corporation,  as described in
     footnote (1) above and incentive  payments for  inventions for which patent
     applications  were  filed in the  amount of $1,000 for Dr. Kao and $500 for
     Mr. Burrell.

(4)  All other  compensation  for Dr. Kao includes a contribution to his account
     under Garmin International, Inc.'s 401(k) plan of $9,000, a contribution to
     his account under Garmin International, Inc.'s pension plan of $11,002, and
     premiums on life insurance of $144.

(5)  Mr. Burrell retired as Co-Chief Executive Officer on August 24, 2002.

(6)  All other  compensation  for Mr.  Burrell  includes a  contribution  to his
     account  under  Garmin  International,  Inc.'s  401(k)  plan of  $8,250,  a
     contribution to his account under Garmin International, Inc.'s pension plan
     of $9,662, and premiums on life insurance of $127.

(7)  Includes a contribution to Mr. Etkind's account under Garmin International,
     Inc.'s 401(k) plan of $8,250,  a  contribution  to his account under Garmin
     International,  Inc.'s  pension  plan  of  $11,212,  and  premiums  on life
     insurance of $144.


(8)  Includes a bonus  payment in the  amount of  $12,500  equal to one  month's
     salary payable to an employee upon 10 years of service.

(9)  Includes a contribution to Mr. Kelley's account under Garmin International,
     Inc.'s 401(k) plan of $9,000,  a  contribution  to his account under Garmin
     International,  Inc.'s  pension  plan  of  $9,631,  and  premiums  on  life
     insurance of $144.

(10) Includes  a   contribution   to  Mr.   Rauckman's   account   under  Garmin
     International,  Inc.'s 401(k) plan of $8,250, a contribution to his account
     under Garmin International,  Inc.'s pension plan of $9,103, and premiums on
     life insurance of $144.


Option/SAR Grants in Last Fiscal Year

     The  following  table sets forth  information  about the options to acquire
Garmin Common Shares granted the Named Executive Officers during 2002.




------------------------------------------------------------------------------------------------------------------
                                                                                                  Potential
                                                                                             Realizable Value at
                                                                                                Assumed Annual
                                                                                                Rates of Share
                                                                                              Price Appreciation
                                                                                              for Option Term(3)
                                     Individual Grants
------------------------------------------------------------------------------------------------------------------
                                           Percent of Total
                           Number of         Options/SARs
                           Securities         Granted to
                           Underlying        Employees in      Exercise or
                          Options/SARs      Fiscal Year(2)      Base Price     Expiration
         Name              Granted(1)                             ($/Sh)          Date         5% ($)    10% ($)
------------------------------------------------------------------------------------------------------------------
                                                                                        

Min H. Kao                            N/A                 N/A            N/A             N/A        N/A       N/A
Gary L. Burrell                       N/A                 N/A            N/A             N/A        N/A       N/A
Andrew R. Etkind                    8,500               1.90%          29.79        12/26/12    159,246   403,559
Gary Kelley                         7,500               1.67%          29.79        12/26/12    140,511   356,082
Kevin Rauckman                      7,500               1.67%          29.79        12/26/12    140,511   356,082
------------------------------------------------------------------------------------------------------------------


(1)  The options were granted on December  26, 2002 under  Garmin's  2000 Equity
     Incentive  Plan. The options become  exercisable in equal  increments  over
     five years,  subject to  accelerated  vesting in the case of certain events
     occurring within one year after a change of control of Garmin.

(2)  Options  for a total of  448,000  Garmin  Common  Shares  were  granted  to
     eligible employees in 2002.

(3)  The 5% and 10% assumed annual rates of compounded stock price  appreciation
     are mandated by rules of the SEC and do not represent  Garmin's estimate or
     projection of future prices of its Common Shares. The actual value realized
     may be greater or less than the  potential  realizable  values set forth in
     the table.





Aggregated Option/SAR Exercises in Last Fiscal Year and FY-End Option/SAR Values

     The following table gives aggregated  information about the Named Executive
Officers'  exercises during 2002 of options to purchase Garmin Common Shares and
shows the number and value of their  exercisable  and  unexercisable  options at
December 28, 2002, Garmin's fiscal year end.




-------------------------------------------------------------------------------------------------
                                                             Number of
                                                            Securities            Value of
                                                            Underlying           Unexercised
                               Shares                       Unexercised         In-the-Money
                              Acquired                      Options/SARs         Options/SARs
                                 on         Value                At                   At
            Name              Exercise     Realized         December 28,        December 28,
                                (#)          ($)              2002(#)            2002($)(1)

                                                            Exercisable/         Exercisable/
                                                           Unexercisable        Unexercisable

-------------------------------------------------------------------------------------------------
                                                                       
   Min H. Kao                        N/A           N/A                  N/A                  N/A

   Gary L. Burrell                   N/A           N/A                  N/A                  N/A

   Andrew R. Etkind                3,500        31,150         4,800/24,200       66,681/211,704

   Gary Kelley                       N/A           N/A         8,000/22,000      119,010/200,940

   Kevin Rauckman                    N/A           N/A         6,000/19,000       87,570/153,780
-------------------------------------------------------------------------------------------------


(1)  The dollar  values in this column are  calculated  by  multiplying  (a) the
     difference  between  the fair market  value of the shares of Garmin  Common
     Shares underlying the options on December 27, 2002 (the last trading day of
     the fiscal year) and the exercise price of the options by (b) the number of
     options held at year-end.


Employment Agreements

     Garmin does not have employment agreements with any of its key personnel.


Other Compensatory Plans

     Garmin and its  subsidiaries  maintain  compensation  plans for  certain of
their  officers and  employees.  Certain of those plans have vesting  provisions
under  which the plan  participants  do not have the right to receive all of the
plan benefits  allocated to their  accounts until certain  conditions  have been
satisfied. Described below are the portions of those plans in which the accounts
of the  officers  named in the summary  compensation  table  become  vested as a
result of their retirement from or termination of employment with the Company or
a change in control of the Company.

     Garmin International, Inc. 401(k) and Pension Plan

     Effective  January  1,  1990,  Garmin  International,  Inc.  established  a
retirement  plan called a 'money  purchase  pension plan' (the 'Pension  Plan').
Effective  as of July 1, 2002,  the  Pension  Plan was frozen and merged  into a
401(k) plan. The Named Executive Officers, as employees of Garmin International,
Inc., were covered by the Pension Plan prior to its merger into the 401(k) plan.

     Garmin  International,  Inc.  sponsors a retirement plan which is sometimes
called a '401(k)  plan'  (the  '401(k)  Plan')  because  of the  section  of the
Internal  Revenue Code which  authorizes this type of plan. As noted above,  the
Pension  Plan was merged  into the 401(k)  Plan  effective  July 1, 2002.  Every
employee of Garmin International,  Inc. is eligible to participate in the



401(k)  Plan as of the first  January 1 or July 1 after he or she reaches age 21
and completes  three months of service.  Participants  can elect to make pre-tax
contributions  to the 401(k) Plan from their  eligible  compensation,  up to the
limits  imposed  by  law.   Participants  are  fully  vested  in  their  pre-tax
contributions  and  earnings  on  those  contributions.   In  addition,   Garmin
International,  Inc. makes a matching contribution for each participant equal to
75% of his or her pre-tax contributions up to 10% of the participant's  eligible
compensation.  Garmin  International,  Inc.  may  also  make  a  profit  sharing
contribution which is divided among  participants  based on their  compensation.
Participants  become  vested in their  matching  contributions,  and earnings on
those  contributions,  gradually  over five years,  and in their profit  sharing
contributions, and earnings on those contributions,  gradually over seven years.
Participants  become  fully  vested  automatically  if they reach age 65, die or
become  disabled  while they are still  working for Garmin  International,  Inc.
Participants are allowed to direct the investment of their accounts in a menu of
authorized  investment  alternatives.  Participants may direct the investment of
their  accounts up to 100% in Garmin Common Shares.  Accounts are  distributable
when the participant  terminates  employment,  retires,  dies, becomes disabled,
reaches  age 59 1/2 or suffers a financial  hardship.  Participants  may also be
permitted to request a loan from their 401(k) Plan accounts.  The 401(k) Plan is
intended to be a tax-qualified  plan under the Internal Revenue Code which means
that participants are generally not taxed on contributions to the 401(k) Plan or
earnings on those  contributions  until they are withdrawn from the 401(k) Plan,
and that  contributions  by Garmin  International,  Inc. are tax deductible when
made. The Named Executive Officers, as employees of Garmin International,  Inc.,
are covered by this plan.

         Equity Incentive Plan

     Garmin's  2000  Equity  Incentive  Plan,  which was  approved  by  Garmin's
shareholders  on October 24, 2000,  provides for grants of  non-qualified  stock
options  and  incentive  stock  options.  The 2000  Equity  Incentive  Plan also
provides for grants of restricted shares,  bonus shares,  deferred shares, stock
appreciation  rights,  performance  units and performance  shares.  Employees of
Garmin  or  any  majority  owned   subsidiary  are  eligible  for  awards.   The
Compensation  Committee  selects the  grantees and  determines  the terms of the
awards granted.  Generally, the exercise price of an option and the strike price
of a stock  appreciation right must be at least the fair market value of a share
as of the grant date. The plan provides that vesting of outstanding  awards will
be accelerated if Garmin  terminates  the grantee's  employment  (other than for
death,  disability or cause) or the grantee terminates the employment because of
a diminution in  compensation  or status or a required move of 50 miles,  within
one year after a change of control of Garmin.


Certain Relationships and Related Transactions

         Reorganization

     Garmin  was  formed  on July  24,  2000 as a  holding  company  for  Garmin
Corporation  in order to  facilitate  the listing of Garmin Common Shares in the
United States.  Subsequently,  the stockholders of Garmin Corporation executed a
shareholders   agreement  to  transfer  to  Garmin  Ltd.  their  investments  in
88,984,394 shares of common stock of Garmin Corporation. Under the shareholders'
agreement,  shareholders of Garmin  Corporation party to the agreement agreed to
take all reasonable actions required to prevent the disposition by Garmin of any
shares of Garmin  Corporation  or of  substantially  all of the assets of Garmin
Corporation  until after December 31, 2005 except upon approval of a majority in
interest of such shareholders who are U.S. citizens or residents.

     Until April 15, 2002, one share of Garmin  Corporation's  stock was held by
each of six  shareholders  as nominees  under nominee  trusts in order to comply
with Article 2 of the Company Law of Taiwan which  required  that, as a 'company
limited by stock,'  Garmin  Corporation  have at least seven  shareholders,  and
4,000 shares of Garmin  Corporation  were held by two  shareholders  who did not
convert their Garmin Corporation shares to Common Shares of Garmin.  These 4,006
shares  represented  approximately  0.004% of the  outstanding  shares of Garmin
Corporation.  Taiwan company law was recently  changed to remove the requirement
that a Taiwan company have a minimum of seven  shareholders and to permit single
shareholder  companies.  As of April 15,  2002,  Garmin has  acquired  the 4,000
shares of Garmin


Corporation  that  were  held  by the  two  shareholders  and  the  six  nominee
shareholders have each transferred their one share of Garmin Corporation's stock
to Garmin. As a result,  Garmin now owns all of the outstanding shares of Garmin
Corporation.


Trademarks and Licenses

     Some of the Garmin  entities'  U.S. and foreign  trademarks and patents are
currently  held  by  Garmin  Corporation.   Garmin  Corporation   licenses  such
trademarks to Garmin International, Inc. and Garmin (Europe) Ltd., but no fee is
paid for such licenses.


                              SHAREHOLDER PROPOSALS

     To be properly brought before the Annual Meeting, a proposal must be either
(i) specified in the notice of the meeting (or any supplement  thereto) given by
or at the direction of the Board of Directors,  (ii) otherwise  properly brought
before the meeting by or at the  direction of the Board of  Directors,  or (iii)
otherwise properly brought before the meeting by a shareholder.

     If a holder of  Garmin  Common  Shares  wishes to  present a  proposal  for
inclusion in Garmin's Proxy  Statement for next year's annual general meeting of
shareholders,  such proposal must be received by Garmin on or before  January 4,
2004.  Such  proposal must be made in accordance  with the  applicable  laws and
rules of the Securities and Exchange Commission and the interpretations thereof.
Any such proposal should be sent to the Secretary of Garmin, P.O. Box 30464 SMB,
5th Floor,  Harbour Place,  103 South Church Street,  George Town, Grand Cayman,
Cayman Islands.

     In order for a shareholder  proposal that is not included in Garmin's Proxy
Statement for next year's annual meeting of shareholders to be properly  brought
before the  meeting,  such  proposal  must be  delivered  to the  Secretary  and
received  at  Garmin's  executive  offices no later than March 19, 2004 and such
proposal must also comply with the procedures  outlined below. The determination
that any such proposal has been properly  brought before such meeting is made by
the officer presiding over such meeting.

Contents of Notice of Proposal

     A shareholder proposal must be in the form of a written notice of proposal.
The required  contents of the notice depend on whether the proposal  pertains to
nominating a director or to other business. A shareholder's notice pertaining to
the  nomination of a director  shall set forth:  (a) as to each nominee whom the
shareholder  proposes to nominate  for  election or  re-election  as a director,
(i) the  name,  age,  business  address and  residence  address of the  nominee,
(ii) the principal occupation or employment of the nominee,  (iii) the class and
number of shares of capital stock of Garmin that are  beneficially  owned by the
nominee,  and (iv) any  other  information  concerning the nominee that would be
required,  under the rules of the SEC, in a proxy statement  soliciting  proxies
for the election of such nominee;  (b) as to the shareholder  giving the notice,
(i) the name and address of the  shareholder,  and (ii) the  class and number of
shares of capital stock of Garmin that are beneficially owned by the shareholder
and the name and address of record  under which such stock is held;  and (c) the
signed consent of the nominee to serve as a director if elected.

     A shareholder' notice concerning business other than nominating a director
shall set forth as to each matter the  shareholder  proposes to bring before the
meeting (a) a brief description of the business desired to be brought before the
meeting and the reasons for  conducting  such  business at the meeting,  (b) the
name and address of the shareholder  proposing such business,  (c) the class and
number of shares of capital stock of Garmin that are  beneficially  owned by the
shareholder  and the name and address of record  under which such stock is held,
and (d) any material interest of the shareholder in such business.  The Chairman
of the annual meeting has the power to determine  whether the proposed  business
is an appropriate subject for and was properly brought before the meeting.


             SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

     Section 16(a) of the Securities Exchange Act of 1934, as amended,  requires
Garmin's directors,  executive officers and certain other officers, and persons,
legal or  natural,  who own more  than 10  percent  of  Garmin's  Common  Shares
(collectively  "Reporting Persons"),  to file reports of their ownership of such
shares,  and the changes  therein,  with the SEC,  and Garmin  (the  "Section 16
Reports").  Based  solely on a review of the Section 16 reports for 2002 and any
amendments  thereto furnished to Garmin,  all Section 16 Reports for fiscal year
2002 were timely filed by the Reporting Persons.

                    HOUSEHOLDING OF ANNUAL MEETING MATERIALS

     Pursuant to the rules of the Securities and Exchange  Commission,  services
that deliver  Garmin's  communications  to  shareholders  that hold their shares
through a bank, broker or other nominee holder of record may deliver to multiple
shareholders  sharing the same address a single copy of Garmin's  Annual  Report
and Proxy Statement. Garmin will promptly deliver upon written or oral request a
separate copy of the Annual Report and/or Proxy  Statement to any shareholder at
a shared address to which a single copy of the documents was delivered.  Written
requests  should be made to Garmin Ltd., c/o Garmin  International,  Inc.,  1200
East 151st Street,  Olathe,  Kansas 66062,  Attention:  Debbie Pollard, and oral
requests  may  be  made  by  calling  Debbie  Pollard  at  (913)  397-8200.  Any
shareholder  who wants to  receive  separate  copies of the Proxy  Statement  or
Annual Report in the future, or any shareholder who is receiving multiple copies
and would  like to  receive  only one copy per  household,  should  contact  the
shareholder's bank, broker or other nominee holder of record.

                                  OTHER MATTERS

     The Board of  Directors  knows of no other  matters that are expected to be
presented for  consideration  at the Annual Meeting.  However,  if other matters
properly  come before the  meeting,  it is intended  that  persons  named in the
accompanying proxy will vote on them in accordance with their best judgment.

     The Annual  Report to  Shareholders  of Garmin  for the  fiscal  year ended
December 28, 2002,  which includes  financial  statements and  accompanies  this
Proxy  Statement,  does not form part of the materials for the  solicitation  of
proxies.

     Notwithstanding  anything  to the  contrary  set  forth in any of  Garmin's
previous  filings under the Securities Act of 1933, as amended,  or the Exchange
Act that might incorporate  future filings,  including this Proxy Statement,  in
whole or in part, the Compensation  Committee Report on Executive  Compensation,
the Performance  Graph and the Audit Committee  Report included herein shall not
be incorporated by reference into any such filings.

     Garmin will furnish  without charge upon written request a copy of Garmin's
Annual  Report on Form 10-K.  The Annual  Report on Form 10-K includes a list of
all exhibits  thereto.  Garmin will furnish copies of such exhibits upon written
request therefor and payment of Garmin's  reasonable expenses in furnishing such
exhibits.  Each such request must set forth a good faith representation that, as
of the Record Date,  the person  making such  request was a beneficial  owner of
Common  Shares  entitled to vote at the Annual  Meeting.  Such  written  request
should be directed to the Secretary of Garmin, c/o Garmin  International,  Inc.,
1200 East 151st Street,  Olathe, Kansas 66062. The Annual Report on Form 10-K is
available at  www.garmin.com  and is also  available  through the SEC's Internet
site at www.sec.gov.


                                            By Order of the Board of Directors

                                            /s/ Andrew R. Etkind

May 1, 2003                                 Andrew R. Etkind
                                            General Counsel and Secretary




                                   APPENDIX A


                              PROPOSED AMENDMENT TO

                             ARTICLES OF ASSOCIATION

                                       OF

                                   GARMIN LTD.




The text of the proposed special resolution to amend the Articles of Association
of Garmin Ltd. is as follows:

1.   The  reference  in Article  2(b) to Article 143 shall be changed to Article
     141.

2.   Article 2(c) shall be amended to read as follows: 'Auditors' shall mean the
     persons  for the time  being  performing  the  duties  of  auditors  of the
     Company;

3.   Current  Article 140 shall be deleted in its entirety  and current  Article
     141  shall  be  renumbered  Article  140 and  shall be  amended  to read as
     follows:

          The  appointment  of and  provisions  relating to Auditors shall be in
          accordance  with applicable law and the relevant rules and regulations
          of the Exchange on which the Company's shares are listed. In the event
          that  the  Company's  shares  are  not  listed  on  an  Exchange,  the
          appointment  of  and  provisions  relating  to  Auditors  shall  be in
          accordance  with applicable law and the Board may appoint the Auditors
          who shall hold office until removed from office by a resolution of the
          Board and the Board may determine the remuneration of the Auditors.

4.   Current Article 142 shall be deleted in its entirety.

5.   Current Article 143 shall be renumbered Article 141 and shall be amended to
     read in its entirety as follows:

          For so long as the shares of the Company  are quoted on the  Exchange,
          it shall  establish and maintain an Audit  Committee as a committee of
          the  Board  PROVIDED  ALWAYS  THAT  unless   otherwise   permitted  by
          applicable  law and the rules of the Exchange there shall be a minimum
          of three members of the Audit  Committee and all of the members of the
          Audit  Committee shall be Independent  Directors.  The Audit Committee
          shall  comply  with  the  rules  or  regulations  of the  Exchange  as
          promulgated from time to time so long as the shares of the Company are
          listed on the Exchange.  The  responsibilities  of the Audit Committee
          shall include all such matters as are required by  applicable  law and
          the rules and regulations of the Exchange.

6.   Current  Articles  144  through  158 shall be  renumbered  sequentially  as
     Articles 142 through 155 and the  references  to Article 152 in the current
     Article 152 shall be amended to read Article 149 to reflect the  sequential
     renumbering of Article 152 to 149.


                                   APPENDIX B

                           GRAPHIC AND IMAGE MATERIAL
                                       IN
                                 PROXY STATEMENT

     In accordance  with Rule 304 of Regulation  S-T, the following  graphic and
image material is included in the Garmin proxy statement.

Photographs of Each Director

     The proxy statement includes  photographs of each director. A photograph of
a  director  is placed  in the proxy  statement  next to the  discussion  of the
director's principal occupations in the sections entitled 'PROPOSAL 1 - ELECTION
OF TWO DIRECTORS' and 'THE BOARD OF DIRECTORS.'


Performance Graph

     The proxy  statement  also  includes a stock  performance  graph,  which is
supplemented by a table showing the dollar value of the points on the graph. The
table is set forth in this electronic  format  document in the section  entitled
'Performance  Graph'. Both the graph and the table will be included in the paper
format  definitive proxy mailed to Garmin's  shareholders.  In accordance with a
letter to EDGAR filers dated November 16, 1992 from Mauri L. Osheroff, Associate
Director of Regulatory Policy of the Division of Corporate  Finance,  no further
explanation of the graph is set forth in this appendix.





                                   APPENDIX C

                                 FORM OF PROXIES



-------------------------------------------------------------------------------
                                      PROXY
-------------------------------------------------------------------------------

                                   GARMIN LTD.
               PROXY SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS
                    FOR SHAREHOLDERS MEETING ON JUNE 6, 2003

     The  undersigned  shareholder  of Garmin  Ltd., a Cayman  Islands  company,
hereby  appoints  Gary L. Burrell and Min H. Kao and Kevin  Rauckman and each of
them, with full power of substitution,  as true and lawful agents and proxies to
represent the undersigned and vote all common shares of Garmin Ltd. owned by the
undersigned  in all matters  coming  before the 2003 Annual  General  Meeting of
Shareholders  (or  any  adjournment  thereof)  to be  held  at the  Ritz-Charles
Conference  Center,  9000 West 137th Street,  Overland  Park,  Kansas 66221,  on
Friday, June 6, 2003 at 10:00 a.m. local time. The Board of Directors recommends
a vote 'FOR' the following proposals,  all as more specifically set forth in the
Proxy Statement:

1. Election of Two  [ ]FOR all the nominees listed below  [ ]WITHHOLD AUTHORITY
   Directors             (except as marked to the              to vote for all
                          contrary below)                       nominees listed
                                                                      below


(INSTRUCTION: To withhold authority to vote for any individual nominee, strike a
     line through the nominee's  name in the list below.  Failure to follow this
     procedure  to withhold  authority to vote for any  individual  nominee will
     result  in the  granting  of  authority  to vote for the  election  of such
     nominee.)

         Gary L. Burrell - three year term expiring in 2006
         Min H. Kao - three year term expiring in 2006

2. Appointment  of Ernst & Young,  LLP as  independent  auditors  for the 2003
   fiscal year at remuneration to be approved by the Board of Directors.

                 [ ]FOR                 [ ]AGAINST                  [ ]ABSTAIN

3. An amendment to the  Articles of  Association  of the Company to permit the
   Company to be able to comply with  certain new rules  adopted by the United
   States Securities and Exchange  Commission and with the  Sarbanes-Oxley Act
   of 2002.

                 [ ]FOR                 [ ]AGAINST                  [ ]ABSTAIN

4. In their discretion, the Proxies are authorized to vote with respect to any
   other matters that may properly come before the Annual  General  Meeting or
   any adjournment thereof, including matters incident to its conduct.




I/WE  RESERVE  THE RIGHT TO REVOKE  THE PROXY AT ANY TIME  BEFORE  THE  EXERCISE
THEREOF.  WHEN  PROPERLY  EXECUTED,  THIS  PROXY  WILL BE  VOTED  IN THE  MANNER
SPECIFIED ABOVE BY THE SHAREHOLDER.  TO THE EXTENT CONTRARY  SPECIFICATIONS  ARE
NOT  GIVEN,  THIS  PROXY  WILL BE VOTED  'FOR'  THE  ELECTION  OF THE  DIRECTORS
NOMINATED, 'FOR' PROPOSAL 2 AND 'FOR' PROPOSAL 3.

                                        Dated:__________________________, 2003


                                         _____________________________________
                                                   (Signature)

                                         _____________________________________
                                                   (Signature if held jointly)


                    Please  sign  exactly  as your name  appears  on your  share
                    certificate,    indicating   your   official   position   or
                    representative  capacity, if applicable.  If shares are held
                    jointly, each owner should sign.

                    IMPORTANT:  PLEASE  SIGN,  DATE AND RETURN THIS PROXY BEFORE
                    THE DATE OF THE ANNUAL MEETING IN THE ENCLOSED ENVELOPE.




                       CONFIDENTIAL VOTING INSTRUCTIONS TO
                     T. ROWE PRICE TRUST COMPANY AS TRUSTEE
                      UNDER THE GARMIN INTERNATIONAL, INC.
                             401(k) AND PENSION PLAN

     This voting  instruction card is solicited by the Trustee.  I hereby direct
that the voting  rights  pertaining  to Common Shares of Garmin Ltd. held by the
Trustee and  allocated to my account  shall be  exercised at the Annual  General
Meeting of Shareholders to be held on June 6, 2003, or any adjournment  thereof,
as specified hereon and in its discretion on all other matters that are properly
brought before the Annual General Meeting of Shareholders and matters incidental
to such meeting.


1. Election of Two  [ ]FOR all the nominees listed below  [ ]WITHHOLD AUTHORITY
   Directors             (except as marked to the              to vote for all
                          contrary below)                       nominees listed
                                                                      below

(INSTRUCTION: To withhold authority to vote for any individual nominee, strike a
     line through the nominee's  name in the list below.)

         Gary L. Burrell - three year term expiring in 2006
         Min H. Kao - three year term expiring in 2006

2. Appointment  of Ernst & Young,  LLP as  independent  auditors  for the 2003
   fiscal year at remuneration to be approved by the Board of Directors.

                 [ ]FOR                 [ ]AGAINST                  [ ]ABSTAIN

3. An amendment to the  Articles of  Association  of the Company to permit the
   Company to be able to comply with  certain new rules  adopted by the United
   States Securities and Exchange  Commission and with the  Sarbanes-Oxley Act
   of 2002.

                 [ ]FOR                 [ ]AGAINST                  [ ]ABSTAIN


If the voting  instruction  card is not  returned,  the Trustee must vote such
     shares in the same  proportions as the shares for which voting  instruction
     cards were received from the plan participants.



                     T. ROWE PRICE TRUST COMPANY AS TRUSTEE
                      UNDER THE GARMIN INTERNATIONAL, INC.
                             401(k) AND PENSION PLAN


                                       Dated:__________________________, 2003


                                       _____________________________________
                                                   (Signature)

                                       Please sign exactly as your name appears.

                                       IMPORTANT:  PLEASE SIGN, DATE AND RETURN
                                       THIS VOTING  INSTRUCTION CARD BEFORE THE
                                       DATE OF THE ANNUAL  MEETING  IN THE
                                       ENCLOSED ENVELOPE. DO NOT RETURN THIS
                                       CARD TO GARMIN LTD. AS YOUR VOTE IS
                                       CONFIDENTIAL.