Helmstetter to Assume New Role at Callaway Golf

"I am honored and very pleased that Mr. Helmstetter will continueto work with me and Callaway Golf in this important role over the nextten years," said George Fellows, President and Chief ExecutiveOfficer. "Dick has made many very significant contributions to thiscompany and to golf in general, and I strongly believe that he stillhas a great deal to contribute."

Mr. Helmstetter joined Callaway Golf in 1986. He has served in anumber of leadership roles, including Chief of New Products. Mostrecently he has directed the Company's international operations. In1998, founder Ely Callaway and Mr. Helmstetter agreed to a long-termarrangement that contemplated this transition to a consulting role toassure that the Company and Mr. Helmstetter would always maintaintheir close and valuable ties. In accord with the terms of the 1998agreement, the terms of the new consulting agreement will becomeeffective December 1, 2005, although Mr. Helmstetter's duties will bechanging immediately.

"Richard Helmstetter is a visionary in golf, and we are pleasedand grateful that he will be continuing to devote his talents to thebenefit of Callaway Golf," said Ronald S. Beard, Chairman. "RCH andthe Company are facing an exciting future together."

Through an unwavering commitment to innovation, Callaway Golfcreates products and services designed to make every golfer a bettergolfer. Callaway Golf Company manufactures and sells golf clubs andgolf balls, and sells golf accessories, under the Callaway Golf(R),Top-Flite(R), Odyssey(R) and Ben Hogan(R) brands. For moreinformation, visit www.callawaygolf.com.