Callaway Golf Company will hold a special meeting of shareholders on September 10, 2009 at 9:00 a.m. at the company’s corporate offices located at 2180 Rutherford Road, Carlsbad, California, 92008. At the meeting, in order to comply with New York Stock Exchange Rules, the holders of the company’s common stock will vote upon the issuance of shares of the company’s common stock upon conversion of the company’s 7.50% Series B Cumulative Perpetual Convertible Preferred Stock.

Shareholders of record of the company’s common stock as of the close of business on Friday, July 24, 2009, will be entitled to notice of and to vote at the special meeting.