Callaway Golf Names International Non-Profit Leader Paul B. Thompson as Director of Callaway Golf Company Corporate Giving.

Business & Sports Editors/Golf Writers & Columnists

CARLSBAD, Calif.--(BUSINESS WIRE)--Sept. 20, 2002

Callaway Golf Company (NYSE: ELY) today announced that Paul B. Thompson has joined the Company as Executive Director of the Callaway Golf Company Foundation and director of the Company's global community affairs. Mr. Thompson will oversee the Company's corporate philanthropy efforts, as directed through the Callaway Golf Company Foundation, foreign subsidiaries, and community involvement. The Callaway Golf Company Foundation is a private IRC 501(c)(3) charitable foundation that was founded in 1993. Since that time, the Foundation has approved more than $5 million in grants to non-profit organizations helping people in need throughout San Diego County.

Prior to joining Callaway Golf, Mr. Thompson was most recently president and CEO of Project Concern International, a San Diego-based international health organization operating with 540 full-time employees in 12 countries across five continents. His 30-year career in philanthropy also includes work experience with some of the world's largest humanitarian organizations, including World Vision and MAP International.

Mr. Thompson has traveled to more than 100 countries around the world during his career. He recently served as chair of the Standards Committee for the American Council of Voluntary International Action (InterAction), the U.S. trade association for international organizations working in disaster relief and sustainable development programs around the world.

Callaway Golf Company makes and sells Big Bertha(R) Metal Woods and Irons, including Big Bertha C4(TM) Compression Cured Carbon Composite Drivers, Big Bertha ERC(R) II Forged Titanium Drivers, Big Bertha ERC Forged Titanium Fairway Woods, Big Bertha Hawk Eye(R) VFT(R) and Big Bertha Hawk Eye VFT Pro Series Titanium Drivers and Fairway Woods, Big Bertha Steelhead(TM) III Stainless Steel Drivers and Fairway Woods, Hawk Eye VFT Tungsten Injected(TM) Titanium Irons, Big Bertha Stainless Steel Irons, Steelhead X-14(R) and Steelhead X-14 Pro Series Stainless Steel Irons, and Callaway Golf Forged Wedges. Callaway Golf Company also makes and sells Odyssey(R) Putters, including White Hot(R), TriHot(R), and Dual Force(R) Putters. Callaway Golf Company makes and sells the Callaway Golf(R) HX(R) Blue and HX Red balls, the CTU 30(R) Blue and CTU 30 Red balls, the HX 2-Piece Blue and HX 2-Piece Red balls, the CB1(R) Blue and CB1 Red balls, and the Warbird(TM) golf balls. For more information about Callaway Golf Company, please visit our Web sites at www.callawaygolf.com and www.odysseygolf.com.