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Callaway Golf Re-Shapes the Game Again with FT-i Driver


    Callaway Golf Company (NYSE:ELY) will once again change the face
    of the game - literally - with the 2007 release of its most advanced
    driver ever: the Callaway Golf FT-i(TM), the "new shape of straight."

    The new FT-i Driver features a revolutionary square clubhead
    design that expands on Callaway Golf's superior weight-shifting
    Fusion(R) technology platform that uses multiple materials in clubhead
    construction. The new 460cc Complete Inertial Design(TM) precisely
    positions discretionary weight in the outer corners of the clubhead
    and was designed to produce the highest total inertia of any driver on
    the market. The resulting resistance to both horizontal and vertical
    twisting provides unrivalled forgiveness and more distance on every
    drive.

    The FT-i Driver also incorporates Callaway Golf's proprietary
    OptiFit(R) Weighting System, which produces three center of gravity
    configurations--Draw, Neutral or Fade--and enables golfers to choose
    the configuration that best suits their individual game. It also
    boasts Callaway Golf's largest, most robust CT/VFT titanium cup face,
    which is designed to the legal limit to dramatically increase ball
    speed, distance, forgiveness and stability for longer, straighter
    drives.

    "We are committed to developing the most innovative technology to
    help golfers better their game, and in some instances, that means
    starting from scratch and completely changing the shape of club
    design," said Jeff Colton, Senior Vice President of Research and
    Development. "Simply put, the Callaway Golf FT-i Driver pushes the
    boundaries of shape, imagination and performance."

    "I've seen many new drivers come and go over the years, and I
    absolutely believe that the FT-i is the best driver I have ever had
    the pleasure to use," said Callaway Golf Staff Professional and World
    Golf Hall of Famer Gary Player. "Never before have I felt such
    confidence while addressing the ball nor such control while striking
    it."

    The new FT-i Driver is available in both standard and Tour models
    as well as men's and women's versions. The standard models feature
    lofts of 9-, 10-, 11-, and 13(HT)-degrees and feature the new
    Fujikura(R) Speeder(R) 586 shaft in light, regular and stiff flexes.
    The 10- and 11-degree models are available left handed. The Tour
    version has a slightly more open face, comes in 8.5- and 9.5-degree
    lofts and features the new Fujikura Speeder 686 shaft in regular,
    stiff and extra-stiff flexes, and the 9.5 degree model is available
    left-handed.

    Callaway Golf will officially unveil its new FT-i driver and an
    array of other new products at the PGA Merchandise Show in Orlando,
    Florida, in January 2007. It will be available at retail beginning
    February 2007, with a suggested retail price of $625.

    About Callaway

    Through an unwavering commitment to innovation, Callaway Golf
    Company 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.