Callaway Golf Company To Broadcast Fourth Quarter & Full Year 2006 Financial Results

Callaway Golf Company (NYSE:ELY) announced today that it will
release its fourth quarter and full year 2006 financial results on
Thursday afternoon, February 8, 2007. The Company will subsequently
hold a conference call with financial analysts and investors to review
the results at 2:00 p.m. PST that same day. 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 website 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
three 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 800/475-6701 for calls originating within the
United States or 320/365-3844 for international calls. The password is
862285 and the replay will be available through 9:00 p.m. PST, on
Thursday, February 15, 2007.

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.