Callaway Golf Company (NYSE:ELY) will release its 2002 third quarter results on Thursday afternoon, 17^th October 2002. The company will subsequently hold a conference call with financial analysts and investors to discuss the results at 2:00 p.m. PDT that same day. Ron Drapeau, chairman, president and chief executive officer, and Brad Holiday, executive vice president and chief financial officer, will host the call.

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 web site 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) 642-1687 for calls originating within the United States or (706) 645-9291 for international calls. The password is 5952425 and the replay will be available until 5:00 p.m. PDT, on Thursday, 24^th October.

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Callaway Golf Company (NYSE:ELY) it will release its 2002 second quarter results on Thursday 18th July 2002. The Company will subsequently hold a conference call with financial analysts and investors to discuss the results at 2:00 p.m. PDT that same day. The call will be hosted by Ron Drapeau, chairman, president and chief executive officer and Brad Holiday, 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, go to the web site 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 one hour 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) 642-1687 for calls originating within the United States or (706) 645-9291 for international calls. The password is 4733663 and the replay will be available through 5:00 p.m. PDT, on Thursday, July 25, 2002.

Callaway Golf Company www.callawaygolf.com

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