Callaway Golf Staff Professional Annika Sorenstam Completes Career Grand Slam with Win at Women's British Open.

Business & Sports Editors/Golf Writers & Columnists

CARLSBAD, Calif.--(BUSINESS WIRE)--Aug. 4, 2003

Uses Great Big Bertha II Driver, New Odyssey 2-Ball

Blade Putter in Win

Callaway Golf (NYSE: ELY) Staff Professional Annika Sorenstam has added another historic victory to her illustrious record. Sorenstam won the Weetabix Women's British Open yesterday, completing a career Grand Slam in women's golf -- meaning she has now won each of the circuit's four major events, including the Nabisco Championship, the McDonald's LPGA Championship and the U.S. Women's Open. Only five other LPGA Tour players have won all four women's major championships.

Sorenstam has won six major championships in her Hall of Fame career, including two this season -- both coming after her celebrated appearance on the PGA Tour at the Bank of America Colonial. As she has done in each of her 56 international career victories, Sorenstam relied upon Callaway Golf(R) equipment at the Weetabix Women's British Open at Royal Lytham and St. Annes. She used 11 Callaway Golf clubs and the HX(R) Red golf ball at the event, including a Great Big Bertha(R) II Pro Series Titanium Driver, a Big Bertha(R) Steelhead(TM) III 7-wood, Steelhead X-14(R) Irons and the new Odyssey(R) White Hot(R) 2-Ball Blade Putter, which she was using for the first time.

Sorenstam was both steady and spectacular in her one-stroke victory over Se Ri Pak. Starting the final round in fourth place, Sorenstam coolly shot a round of 2-under-par 70 to finish the tournament at 10 under par. She had just one bogey over the final 38 holes and parred the final nine holes to preserve her victory. Sorenstam sealed the victory on the final hole, hitting a long, straight drive that set up a solid two-putt par for the win, her fourth of the year. "I was contemplating hitting a 7-wood left, making the hole long but safer," Sorenstam said. "But then I figured, 'You know, I have a chance to win. I can hit this drive right down the middle and have a short iron in -- and I can win the championship.'"

"Once again Annika Sorenstam has demonstrated everything it takes to be a great champion," said Ron Drapeau, Chairman, President and CEO of Callaway Golf. "It was difficult to imagine what she could do to top her astounding 2002 season of 13 worldwide wins, but she has taken great strides toward doing just that by completing the career Grand Slam with two major championship wins and two other tournament wins in 2003. And the season isn't over yet. We congratulate Annika for her sustained excellence."

Callaway Golf Company makes and sells Big Bertha(R) Metal Woods and Irons, including Great Big Bertha(R) II Titanium Drivers and Fairway Woods, Big Bertha Steelhead(TM) III Stainless Steel Drivers and Fairway Woods, Hawk Eye(R) VFT(R) Tungsten Injected(TM) Titanium Irons, Big Bertha Stainless Steel Irons, Steelhead X-16(TM) and Steelhead X-16 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), DFX(TM) 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.