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 Thursday,
February 7, 2008, in Carlsbad, California. The event, which begins at
8:00 am PST, will be broadcast live over the Internet and can be
accessed at http://ir.callawaygolf.com. To listen to the conference
and access the presentation materials, 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 3 hours after the conclusion of the
conference through 9:00 pm PST on Friday, March 14, 2008 and can be
accessed at http://ir.callawaygolf.com.

About Callaway Golf

Through an unwavering commitment to innovation, Callaway Golf
Company (NYSE:ELY) 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), Odyssey(R), Top-Flite(R), and Ben Hogan(R) brands in
more than 110 countries worldwide. For more information please visit
www.callawaygolf.com or www.shop.callawaygolf.com.