Callaway Golf Announces Resignation of Frederick R. Port As Head of International Sales

CARLSBAD, Calif. (PROTEXT) - Callaway Golf Company (NYSE: ELY)today announced the resignation of Frederick R. Port from itsboard of directors immediately, and as president of CallawayGolf's international sales, effective December 31, 1999. Mr. Portjoined the Company in September of 1995, and had served as thehead of the Company's international sales division for the lastthree years. Ely Callaway, Chairman and CEO stated, "When we named Fred asPresident of Callaway Golf International more than three yearsago, we asked him to develop and execute a plan to increaseCallaway Golf's sales overseas and to integrate foreigndistribution where appropriate. He accomplished both tasks.International sales have increased over the past three years,despite the economic crisis in Asia. As of January 1, 2000,Callaway will own 85 percent of its international distribution,compared with 15 percent three years ago. "We appreciate the fact that Fred has decided that he willremain with the Company during the transitional period. He playedan important role in the planning and implementing of therestructuring program that helped the Company return toprofitability in 1999. Fred is a good friend, and we will misshis guidance and good counsel. We know that he will always be anexcellent ambassador for Callaway Golf. We recognize that Fredbelieves the time has come for him to seek new challenges outsideCallaway Golf and we are sure he will succeed in his newendeavors." Mr. Callaway announced that Jim Chenevey, Vice President ofInternational Sales, will be the interim head of internationalsales for Callaway Golf while a search is underway for apermanent successor to Mr. Port. Mr. Chenevey will be among thoseconsidered. "While this has been in discussion for some time, my decisionto leave Callaway Golf is the most difficult decision I have hadto make," said Mr. Port. "I love this company and I am proud ofthe contributions I made to Callaway Golf during the more thanthree years I was in charge of international sales. Now, afterspending between 20 to 30 weeks a year on the road, I am lookingforward to spending more time with my family -- especially withour new grandchild, who is due to arrive at the end of the year.Between now and then, I will be visiting each Callaway Golfforeign subsidiary to personally thank my many friends andassociates and to help with the smooth transition to newleadership." For more information about Callaway Golf Company, please visitthe Company's websites at www.callawaygolf.com andwww.odysseygolf.com. If you would like to receive Callaway Golf's press releasesvia e-mail in the future, please send your request to:newslist@callawaygolf.com. ots Original Text Service: CallawayGolf Company Internet: http://www.newsaktuell.de Contact: ElyCallaway or Larry Dorman of Callaway Golf Company, 760-931-1771Company News On-Call: http://www.prnewswire.com/comp/124825.htmlor fax, 800-758-5804, ext. 124825

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