Callaway Golf Company to Host Conference Call to Discuss Operational Enhancements and Associated Expense Reductions.

CARLSBAD, Calif. -- Callaway Golf Company (NYSE:ELY) today announced that the Company will be holding a conference call at 2:00 p.m. PDT on September 29, 2005, to discuss recent initiatives focused on improving operations and reducing costs. The call will be hosted by George Fellows, President and CEO, and Bradley J. Holiday, Senior Executive Vice President and Chief Financial Officer. The call will be broadcast live over the Internet and can be accessed at www.callawaygolf.com. To listen to the call, please 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 toll free for calls originating within the United States or 320/365-3844 for International calls. The replay pass code is 797366 and the replay will be available through 9:00 p.m. PDT on October 6, 2005.

Through an unwavering commitment to innovation, Callaway Golf Company 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.