GARMIN LTD

Ticker: GRMN CUSIP: H2906T109 Class: SHS

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

Note: Option positions (PUT/CALL) are excluded.

Q4 2015

Shares 13,600 Value ($000) $506 Avg Close $27.28 Range $23.42 - $28.77

Q3 2015

Shares 13,900 Value ($000) $499 Avg Close $29.43 Range $26.06 - $34.44

Q1 2015

Shares 18,905 Value ($000) $898 Avg Close $36.93 Range $34.11 - $41.27

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	13,600	$506	$27.28	$23.42 - $28.77
Q3 2015	13,900	$499	$29.43	$26.06 - $34.44
Q1 2015	18,905	$898	$36.93	$34.11 - $41.27