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Callaway Golf Announces Investor Day Webcast

February 10, 2006

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CARLSBAD, Calif.–(BUSINESS WIRE)–Feb. 9, 2006–Callaway Golf Company (NYSE:ELY) today announced that it will hold a conference for financial analysts and investors on Wednesday, February 15, 2006, in Carlsbad, California. The event, which begins at 7:30 am PST, will be broadcast live over the Internet and can be accessed at http://ir.callawaygolf.com.

To listen to the conference, go to the website at least 15 minutes before the conference to register and for instructions on how to access the webcast.

A replay of the webcast and conference materials will be available shortly after the conclusion of the conference through 9:00 pm PST on Wednesday, February 22, 2006 and can be accessed at http://ir.callawaygolf.com.

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.

Contact:
Callaway Golf Company

Brad Holiday, Patrick Burke, Larry Dorman

760-931-1771

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