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MacGregor Golf Names Reid Gorman as President

June 14, 2006

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Albany, GA. – MacGregor, maker of golf equipment that uses advanced technologies to make the game easier and more fun, has promoted Reid Gorman to President, the company announced today. Reporting to MacGregor Chairman and CEO, Barry Schneider, Gorman will be responsible for the company’s North American operations. He will be based at MacGregor’s headquarters in Albany, Georgia.

"MacGregor is committed to making the best golf equipment in the business, with absolutely no compromises, and has consistently invested in its brand and in its people in order to achieve best of class results. We believe Reid’s talent, experience, and especially his leadership skills are extraordinary, and are exactly what is required to take our Company to the next level," said Barry Schneider, Chairman and CEO of MacGregor Golf. "I am proud and excited to announce this promotion. It will be very well received by our talented and committed team of employees and by the marketplace."

Gorman brings a career of golf equipment sales and marketing experience to his new position, most recently as Vice President of Sales for MacGregor. Before joining MacGregor, Gorman was Senior Director of Sales for the Top-Flite and Ben Hogan brands of Callaway Golf Company. Prior to that, Gorman served in several sales and sales management roles at Callaway Golf Company.

"It is without question the greatest honor of my career to be named President of MacGregor during this dynamic period of the Company’s growth. I believe totally in the Company’s commitment to the principle that better technology, better materials and better design produces better performing golf equipment, no matter the cost. It’s been a thrill to see the tremendous strides MacGregor has been making in both product performance and brand recognition over the past few years. I look forward to the challenge of building upon this momentum and continuing to get our great products into the hands of as many consumers as possible" said Gorman. "I couldn’t be more excited about the future of the MacGregor brand and look forward to working closely with our team of dedicated employees, great retail partners, PGA of America members and the Media to promote further growth and profitability for MacGregor and our Customers."

Reid, 35, holds a B.S. in Business Management from Central Connecticut State University, is an avid golfer, basketball fan and enjoys traveling with his wife, Andrea, and two children, Sarah (8) and Ryan (5).

Gorman replaces Dana Shertz, who will leave the Company to pursue new interests.

About MacGregor Golf

Albany, Georgia based MacGregor Golf, the second oldest golf company in the world, has a storied 109-year history filled with innovation and PGA Tour success including a record 59 Majors. MacGregor Golf designs and manufactures a complete line of innovative golf equipment that makes the game easier and more fun for all golfers. MACTECâ?¢ drivers, fairway woods, irons, wedges and Bobby Graceâ?¢ putters are marketed under the MacGregor brand. A full line of high performance outerwear, featuring lightweight, soft, and quiet jackets and pants with 100% waterproof protection are marketed globally under the Tourneyâ?¢ brand.

Contact:
Julie Davis at MacGregor Golf

(858) 947-3000

jdavis@macgregorgolf.com

Dennis Blake at the Blake and Bosworth Group

(860) 878-5586

dblake@blakeandbosworth.com

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