Callaway Golf Company and Sumitomo Rubber Industries Ltd. Agree to a Smooth Transition in Japan

Carlsbad, California (PROTEXT) - Callaway Golf Company (NYSE:ELY) announced today that it has signed an agreement with itsJapanese golf club distributor, Sumitomo Rubber Industries, Ltd.,providing for the transition of the Company's business fromSumitomo Rubber Industries, Ltd., to Callaway Golf's wholly-ownedJapanese subsidiary. This subsidiary will be directly and solelyresponsible for the sale of Callaway Golf clubs and Callaway Golfballs in Japan beginning January 1, 2000. Sumitomo Rubber Industries, Ltd., has been Callaway Golf'sexclusive distributor in Japan since 1988. As part of thetransition agreement, Sumitomo Rubber Industries, Ltd., andCallaway Golf will work together to assure a smooth transition ofthe business without inconveniencing retailers or consumers inJapan. "Sumitomo Rubber Industries, Ltd., has been a very goodpartner in our business in Japan," said Ely Callaway, Chairmanand Founder of Callaway Golf. "We greatly appreciate the supportwe have received from Sumitomo Rubber Industries Ltd., throughoutour 11-year relationship with this outstanding Japanese company." "We feel that we will be in a good position to serve Japaneseretailers and Japanese golfers directly through our Japanesesubsidiary beginning next year, and we look forward to thatopportunity," said Frederick Port, Senior Executive VicePresident, International Sales, of Callaway Golf. For more information about Callaway Golf Company, please visitthe Company's website on the Internet athttp://www.callawaygolf.com . ots Original Text Service:Callaway Golf Company Internet: http://www.newsaktuell.deContact: Larry Dorman of Callaway Golf Company Tel.: (USA) 760-931-1771 Web site: http://www.callawaygolf.com

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