Callaway Golf Company to Broadcast Fourth Quarter & Full Year 2005 Financial Results.

CARLSBAD, Calif. -- Callaway Golf Company (NYSE:ELY) announced today that it will release its fourth quarter and full year 2005 financial results on Wednesday afternoon, January 25, 2006. The Company will subsequently hold a conference call with financial analysts and investors to review the results at 2:00 p.m. PST that same day. The call will be broadcast live over the Internet and can be accessed at www.callawaygolf.com. To listen to the call, go to the website at least 15 minutes before the call to register and for instructions on how to access the broadcast.

A replay of the conference call will be available approximately two hours after the conclusion of the conference call. The replay may be accessed through the Internet at www.callawaygolf.com or by telephone by calling 800-475-6701 for calls originating within the United States or 320-365-3844 for international calls. The password is 814750 and the replay will be available through 9:00 p.m. PST, on Wednesday, February 1, 2006.

Through an unwavering commitment to innovation, Callaway Golf creates products and services designed to make every golfer a better golfer. Callaway Golf Company manufactures and sells golf clubs and golf balls, and sells golf accessories, under the Callaway Golf(R), Top-Flite(R), Odyssey(R) and Ben Hogan(R) brands. For more information visit www.callawaygolf.com.