Sorenstam Breaks LPGA Money Record With Eighth Win of 2001; Third Victory in Three Weeks for New White Hot '2-Ball' Putter; Dean Wilsoin Triumphs Using ERC II Driver and New CTU 30 Red Ball

CARLSBAD, CA., Nov. 5, 2001 – In a huge global week for Callaway Golf (NYSE:ELY) Staff Professionals and for the Company's clubs and balls, records were broken and landmarks were established in two tournament victories. Staff Professional Annika Sorenstam led the way yesterday, winning for the second consecutive week in Japan. Her victory in the Mizuno Classic with a 13-under-par total of 203 was her eighth of 2001 and helped her shatter the LPGA Tour single-season money record set last year by Karrie Webb. Sorenstam has won $1,990,868 and can break the $2 million mark in two weeks at the Tyco/ADT Tour Championship.

The victory at the Mizuno Classic was Sorenstam's second straight since switching to the sensational new Odyssey® White Hot® “2-Ball” Putter.

“With the ‘2-Ball' Putter my putting is really excellent,” said Sorenstam, 31. “It has really helped me be a steady putter in the six-foot range. I have not missed a putt within six feet for the past two weeks, and I think that is how you win tournaments.”

Sorenstam's eight LPGA Tour victories this year are the most by any professional golfer on the world's major tours. Her triumph at the Mizuno Classic was the 31st of her career, and she has clinched the Rolex Player of the Year title for the fourth time. This is also Sorenstam's second winning streak of the year, following her four-win stretch early in the season that included her record 59 at the Standard Register Ping and the third major championship of her career at the Nabisco Championship. Sorenstam is the first golfer since Nancy Lopez in 1979 to win eight times during an LPGA Tour season, and she already has met all the playing requirements for admission into the LPGA Hall of Fame.

Sorenstam used 11 Callaway Golf® clubs at the Mizuno Classic, including a Big Bertha® Hawk Eye® VFT® Pro Series Titanium Driver, Steelhead Plus® 4-wood and 7-wood, and Steelhead™ X-14® Irons, along with a Callaway Golf ball. Sorenstam hit 14 greens in regulation in the final round despite strong winds at Musashigaoka Golf Course, and she finished with birdies on the final two holes to secure her victory. Sorenstam leads the LPGA Tour in greens hit in regulation (79.8 percent) and scoring average (69.38) this year.

Callaway Golf Staff Professional Dean Wilson also won in Japan yesterday, taking the Ube Kosan Open with a 21-under-par total of 267. In his third victory of the season, Wilson used 12 Callaway Golf clubs, including the ERC® II Forged Titanium Driver, Big Bertha Steelhead Fairway Woods, Steelhead X-14 Pro Series Irons and an Odyssey White Hot 5 Putter. Wilson also used Callaway Golf's new CTU 30™ Red ball in the win, the first pro victory for the new golf ball.

Callaway Golf Company makes and sells Big Bertha® Metal Woods and Irons, including Big Bertha ERC® II Forged Titanium Drivers, Big Bertha Hawk Eye® VFT® and Big Bertha Hawk Eye VFT Pro Series Titanium Drivers and Fairway Woods, Big Bertha Steelhead Plus™ Stainless Steel Drivers and Fairway Woods, Hawk Eye Tungsten Injected™ Titanium Irons, Steelhead™ X-14® and Steelhead X-14 Pro Series Stainless Steel Irons. Callaway Golf Company also makes and sells Odyssey® Putters, including White Hot®, TriHot™, and Dual Force® Putters. Callaway Golf Company makes and sells the Callaway Golf® HX™ Red and HX Blue balls, Rule 35® Firmfeel™ and Softfeel™ balls, the CTU 30™ Red and CTU 30 Blue balls, and the CB1™ Red and CB1 Blue balls. For more information about Callaway Golf Company, please visit our Web sites at www.callawaygolf.com and www.odysseygolf.com.

Contact: Larry Dorman, Mike Galeski or Millie Speirs (760) 931-1771