Callaway Golf Announces Investor Day Webcast

Callaway Golf Company (NYSE:ELY) today announced that it will hold
a conference for financial analysts and investors on Monday, February
12, 2007, in Carlsbad, California. The event, which begins at 8:00 am
PT, 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 presentation materials will
be available approximately 2 hours after the conclusion of the
conference through 9:00 pm PT on Monday, March 12, 2007 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.