Rane to Leave Callaway Golf to Join Internet Start-Up

Callaway Golf Company (NYSE: ELY) announced today that David Rane, the Company's Executive Vice President and Chief Financial Officer, is leaving the Company to join StoreRunner Inc., a San Diego- based internet start-up. Mr. Rane had been with the Company since 1993. "The last six and a half years at Callaway Golf have been absolutely wonderful," said Mr. Rane. "Given the positive turnaround that we have achieved in 1999, the launch of our Japanese sales subsidiary next month, and the planned introduction of our golf ball in 2000, I am confident that the future at Callaway is very promising. Only something very exceptional would cause me to leave Callaway Golf. I see the professional opportunities at StoreRunner to be such an opportunity. However, I know I will miss being a part of Callaway Golf's future." "David is a very talented young executive who has helped us a great deal," said Ely Callaway, Founder, Chairman and CEO of Callaway Golf. "It is a tribute to his great talent that others have sought him out and recruited him for their new venture. I know that all of David's friends here at Callaway Golf will join me in thanking him for his many contributions to the Company and in wishing him well in his new endeavor." StoreRunner Inc. operates the www.storerunner.com website, a shopping portal that offers shopping both online and at local retail stores. It is approximately 50%-owned by CBS Broadcasting Inc. Callaway Golf Company makes and sells Big Bertha(R) Metal Woods and Irons, including Great Big Bertha(R) Hawk Eye(R) Titanium Metal Woods, Big Bertha(R) Steelhead(TM) Stainless Steel Metal Woods, Great Big Bertha(R) Hawk Eye(R) Tungsten Injected Titanium Irons, Big Bertha(R) X-12(TM) Stainless Steel Irons, and Bobby Jones(R) and Carlsbad Series(TM) putters. Callaway Golf Company also makes and sells Odyssey(R) putters and wedges with Stronomic(R) and Lyconite(R) inserts. For more information about Callaway Golf Company, please visit the company's websites at www.callawaygolf.com and www.odysseygolf.com. ots Original Text Service: Callaway Golf Company Internet: http://www.newsaktuell.de Contact: Ely Callaway, Chuck Yash, or Larry Dorman, all of Callaway Golf Company, 760-931-1771 Company News On-Call: http://www.prnewswire.com/comp/124825.html or fax, 800-758-5804, ext. 124825 Web site: http://www.storerunner.com Web site: http://www.odysseygolf.com Web site: http://www.callawaygolf.com

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